nCoat’s wholly-owned subsidiary, High Performance Coatings Inc. (HPC) was founded in 1982 to offer advanced coatings technology. HPC developed coatings for a wide range of applications to the meet the needs of the racing and automotive aftermarket.
The company also owns nTech Inc., a company that develops and holds proprietary intellectual property and licensed coatings facilities. One of the company’s
nano-formulated coatings was recently awarded the Utah Innovations Award in the Chemicals/Materials Science category. The coating is designed to protect materials against levels of heat up to 4,200 degrees Fahrenheit, such as on space vehicles.
nCoat itself was founded in 2004; the company now holds proprietary intellectual property focused on delivering coatings backed with bond strength, heat management, corrosion resistance, abrasion protection, friction reduction and appearance enhancement.
As of June 30, 2007, the company’s assets totaled $14.6 million and posted total revenue at $1.3 million.
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