Hydromer, Inc. Enters Into an Exclusive Supply and Support Agreement on Its Anti-Frost Freezer Door Coating
July 18 2012 - 10:15AM
Marketwired
Hydromer, Inc. (OTCQB: HYDI) (PINKSHEETS: HYDI) has entered into a
worldwide exclusive Supply and Support Agreement with a major
international glass company.
Under the terms of this exclusivity agreement, Hydromer will
supply its novel Anti-Frost Coating for use on freezer doors to a
major international glass manufacturer.
Licensee's testing has shown that the Hydromer Anti-Frost
Coating when applied to glass doors used on freezer units in
department and grocery stores eliminates the need for energy
intensive glass heaters resulting in lower operating costs and
providing the store owner with a greener energy footprint.
Typically, department store food display freezers use electric
heating units to continually heat the glass doors to minimize frost
formation that obstructs the consumer's view of the freezer
contents. In Europe, store owners are under great pressure to
reduce their energy consumption and this new coating technology
allows them to turn off the heaters.
"After several years of lab and field testing our Anti-Frost
coating technology, our Licensee has made the commitment to
dedicate a manufacturing plant in Europe to provide this Anti-Frost
coated glass to their clients," commented Martin von Dyck,
Executive Vice President of Hydromer, Inc. "This exclusivity
agreement does not prevent Hydromer from exploring other
non-freezer door markets for this exciting Anti-Frost Coating
technology."
About Hydromer, Inc.: Hydromer, Inc. is a bio-technology-based
company involved in the research and development, manufacture,
contract coating and commercialization of specialized polymer and
hydrogel products for medical device, animal health, cosmetic,
personal care, and industrial uses.
For additional information please visit the following Web-site:
http://www.hydromer.com
Hydromer ® is a registered trademark of Hydromer, Inc.
Hydromer, Inc. 35 Industrial Parkway Branchburg, New Jersey
08876-3424 Martin von Dyck Executive Vice-President (908)
722-5000
Hydromer (CE) (USOTC:HYDI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Hydromer (CE) (USOTC:HYDI)
Historical Stock Chart
From Jul 2023 to Jul 2024