nCoat�s Nano-Structured Coating Wins Stoel Rives� Utah Innovations Award in Chemicals/Materials Science Category
nCoat�s nano-structured coatings create a thermal barrier against temperatures greater than 4200� F, with low porosity, increased density, and extraordinary strength and flexibility
BLUFFDALE, Utah – May 22, 2006 – nCoat, Inc., an emerging nanotechnology company in the high performance coatings market, today announced that one of its nano-structured coatings has won the Utah Innovations Award in the Chemicals/Materials Science category of the fourth annual Stoel Utah Innovations Awards competition.
The winning nCoat nanotechnology-based coating is specially designed to protect materials requiring a high level of heat resistance (thermal barrier). The nCoat coating has been tested used for use on space vehicles to create thermal barriers upon re-entry. nCoat’s nano-coating has been tested to withstand temperatures in excess of 4,200 degrees Fahrenheit for sustained durations.
“We express our gratitude to the selection board of the Stoel Rives Innovation Award for their consideration and selection of our nano-structured coating,” said Paul Clayson, nCoat’s co-founder, chief executive officer and chairman of the board. “We are honored by this recognition, and recognize the nCoat team of engineers, chemist and applicators for their superior work in producing an outstanding product. The commercial prospects are huge and apply across multiple markets. This team has created a world-class product.”
nCoat began developing this specific nano-coating for an aerospace customer in early 2004. Based upon research notes, nCoat’s new “nano-slurry” coatings provided
Historically, the high-performance coatings industry has created products that use particulates at a micron measurement scale or larger (one-millionth of a meter, 10-6, or 0.000001) with binding chemistry. Such coatings have traditionally been used to provide improved functionality and new properties to the coated product, such as adding a non-stick surface to a frying pan or improving the lifespan of numerous parts of a combustion engine.
nCoat’s new nanoscale and traditional micro- and macro-formulated coatings make it an international leader in the development and marketing of coatings that are applied to metal, ceramics, fabric and other materials. nCoat has multiple unique nanoscale-, micro- and macro-formulated coatings structured to meet the exacting needs of customers in more than a dozen industries. The benefits of these coatings typically fall within one or more of the following five categories: heat management, corrosion resistance, abrasion resistance, friction reduction and improved appearance.
Seven Utah Innovations Award winners—one each from seven categories—were announced at an awards lunch on May 17, 2006, noon at the Sheraton City Centre in Salt Lake City. A committee of nearly 70 experts from private industry, government and higher education selected the award finalists, three in each of the program’s seven categories: biotechnology/pharmaceuticals, chemicals/materials science, medical devices, mechanical devices, computer hardware/electrical devices, and computer software (this category is separated into two sub-categories: scientific, educational and consumer applications; and Internet-focused and enterprise applications).
Votes were tallied by the accounting firm PriceWaterhouseCoopers. More details about the awards program are available at www.stoel.com/innovation.
About nCoat, Inc.
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Lisa Leonard, nCoat, Inc., 801-303-3751, email@example.com
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