San Francisco, California - Hybrid Coating Technologies Inc. says it has received its first purchase order from Mexican coatings manufacturer Consorcio Comex SA.
Comex, which is based in Mexico City, sells its products in the US, Mexico and South America, and is the fourth largest paint coating manufacturer in North America, Hybrid said.
"Our technology and products have undergone extensive testing at Comex's laboratories prior to being incorporated in their supply chain," said Joseph Kristul, Hybrid CEO. "We are very excited to establish a commercial relationship with Comex which is now the second multi-billion dollar company to date that we have partnered with in our industry."
Hybrid noted that it is in advanced discussions with other players in the coatings industry to supply its polyurethane formulation - Green Polyurethane - which it says is the world's "first-ever patent protected polyurethane-based coatings of him products which eliminate toxic isocyanates from the entire production process".
The company recently announced that it has to license its PU coating system in the US.