Global Matrechs Inc. Announces Receipt of First Commercial Order for HNIPU.
28 February 2006 - 1:52AM
Business Wire
Global Matrechs, Inc. http://www.globalmatrechs.com (OTCBB: GMTH)
reports that on February 24, 2006 it was informed, through its
manufacturing, sales and marketing partner, Environmental Friendly
Materials GmbH (EFM) that it received the first commercial order
for Hybrid Nonisocyanate Polyurethane, or "ECPU" 2851 clear binder.
The order was placed by an industrial paint producer, DENBER Paints
& Coatings Israel Ltd. Denber states this clear binder will be
used in the manufacturing of paint for commercial purposes for its
industrial markets. Global has also placed an order with EFM to
produce the Binder for samples of paint for the use in United
States sales activities. Michael Sheppard, President of Global
Matrechs, Inc. said, "We are extremely pleased that our partner EFM
has received its first commercial order, which will generate the
first royalties on HNIPU for Global Matrechs from EFM. We hope this
is will serve as a starting point and lead to additional orders in
this market." DENBER believes that HNIPU based paints will have
much greater applications then conventional polyurethanes which are
porous, with poor hydrolytic stability and moderate permeability.
In addition, conventional polyurethanes require highly toxic
components in their manufacture, such as isocyanates, rendering
production and use extremely toxic and dangerous, whereas HNIPU
does not pose this danger. MORE ABOUT HNIPU HNIPU was developed
through the modification of the structure of the urethane polymer,
a new method for increasing hydrolytic stability. HNIPU exhibits
superior resistance properties to chemical degradation -- some 30
to 50 percent better than conventional polyurethanes. It also is
significantly less permeable. Unlike conventional polyurethanes,
with their more porous structure, HNIPU forms into a virtually
non-porous material. HNIPU does not require special health
protection procedures that are normally associated with the use of
conventional polyurethanes because it does not contain toxic
isocyanates. Conventional polyurethanes have unstable bonds that
are easily hydrolyzed making the material very vulnerable to
environmental degradation. An intramolecular hydrogen bond is
formed during HNIPU's synthesis that improves hydrolytic stability
well beyond that of conventional polyurethanes. Materials that
contain intramolecular hydrogen bonds display chemical resistance
greater than materials of similar chemical structure without such
bonds. ABOUT GLOBAL MATRECHS: www.globalmatrechs.com Through its
licensed technologies business, Global Matrechs seeks to convert
the licenses it has acquired in emerging technologies in the
nuclear energy, environmental and chemical industries into
manufactured products primarily through sub-licenses of those
technologies to manufacturers. "Forward-Looking Statements"
Investors are cautioned that certain statements contained in this
document, as well as other statements in periodic press releases
and some oral statements of Global Matrechs, Inc. officials during
presentations, are "forward-looking" statements within the meaning
of the Private Securities Litigation Reform Act of 1995 (the
"Act"). Forward-looking statements include statements which are
predictive in nature, which depend upon or refer to future events
or conditions, or which include words such as "expects,"
"anticipates," "intends," "plans," "believes," "estimates,"
"hopes," "seeks," or similar expressions. In addition, any
statements concerning future financial performance (including
future revenues, earnings or growth rates), ongoing business
strategies or prospects, and possible future actions, which may be
provided by management, are also forward-looking statements as
defined by the Act. Some of the factors that could significantly
impact these forward-looking statements in this press release
include, but are not limited to: insufficient cash flow to continue
to fund the development and marketing of the Company's products and
technologies; the failure of the Company's products and
technologies to become commercially marketable; the loss of key
personnel; changes in financial markets and general economic
conditions; and, disputes as to the Company's intellectual property
rights, including the Company's rights to the technologies that it
licenses from Eurotech, Ltd. Forward-looking statements are based
upon current expectations and projections about future events and
are subject to risks, uncertainties, and assumptions about Global
Matrechs, its licenses, products, economic and market factors and
the sectors in which Global Matrechs does business, among other
things. These statements are not guarantees of future performance
and Global Matrechs has no specific intention to update these
statements. More detailed information about those factors is
contained in Global Matrechs's filings with the Securities and
Exchange Commission.
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