January 11, 2008 – nCoat Inc. (OTCBB: NCOA) is collaborating with Sunvention USA Inc. and BSR Solar Technologies GmbH in a solar power application, the company announced in a news release.
The solar-power developers are using nCoat’s nanotechnology coatings in a concentrated thermal power system, which concentrates the sun’s radiation and creates highly efficient heat absorption and retention in the heat collection element, the company said. nCoat nanocoatings will also be used to protect solar “Green Energy” systems developed and built by SV-US and BSR.
“Thermal absorption and transfer coatings used in solar energy production is a new market segment for nCoat,” said Paul Clayson, nCoat’s CEO. “Combining our nanotechnology coatings products and experience with commercialization of solar energy systems positions nCoat to capture revenue at the leading edge of the projected exponential market expansion. Since our coatings are known world-wide as state-of-the-art in market ready nano materials, we are being sought by other technology players to commercialize products with them.”