San Francisco, California -- EPOD Solar Inc. announced 16 Nov that its subsidiary Nanotech Industries International Inc., also known as "Hybrid Coating Technologies" (HCT), has signed a memorandum of understanding (MOU) with Shunfa Co. from Jiande City, China. The MOU allows Shunfa to make and distribute HCT's Green Polyurethane technology in China and South East Asia.
Nanotech will supply its technology and know-how to a jointly owned Chinese based LLC (limited licensing company) and Shunfa will be responsible for supplying the necessary capital and management of the LLC, including manufacturing, marketing and sales. HCT will receive a royalty on all sales from the llc and a portion of the profits. The LLC will have exclusive rights to HCT's technology for China and South East Asia subject to satisfying certain minimum sales quotas. HCT, Shunfa Co. and the LLC will enter into an intellectual property agreement to protect HCT's technology and the LLC will apply for certain Chinese patents based on HCT's technology.
"We look forward to working with Shunfa Co. in developing one of the world's fastest growing markets for our technology," said Joseph Kristul, ceo and president of HCT, "and we expect to generate a significant amount of business in the near future."
According to EPOD Solar's press statement, chemicals company Shunfa manufactures a broad range of products including polyurethane modifiers and water-based polyurethane adhesives used in the processing of PU synthetic leather penetrating agents, as well as emulsifying agents, softening agents, levelling agents, foam hole regulators, antifoaming agents, antibacterial agents, surface-treating agents, coating agents.
Shunfa makes over 10 kilotonnes/year and has a broad client base including some of China's top ten leather manufacturers. Shunfa's facilities are over 400 000 sq.ft and are ISO9001-2000 certified. Shunfa has received numerous awards for excellence including: "Hi-tech Enterprise in Hangzhou," "Hi-tech Private Enterprise in Jiande City" and "Key Industrial Enterprise" in Jiande City.