More news: JULY 27, 1999
Napier Discovers Friendly Coatings Lifter That Can
Outperform Caustic Strippers: Files New Patents and Signs
Distribution and Manufacturing Agreement for Pumps and
Automobiles
VANCOUVER, BRITISH COLUMBIA--Napier International Technologies
Inc. (NIR.TSE) is pleased to confirm the completion of multiple
industry trials and a new product launch for our newest and most
aggressive environmentally friendly chemical stripper. SV-35PMA.
The product has proven to be effective for lifting some of the
most difficult commercial marine, automotive and industrial paint
systems. In fact, in-house testing performed on some of the
toughest coatings in the world, (aircraft carrier non-skid deck
coating) demonstrated clearly that Napier's improved technology
can outperform the stripping abilities of even the nastiest
methylene chloride and phenol caustic compounds on a range of
coatings.
Remarkably this SV-35PMA has also successfully met the corrosion
standards and requirements for entry into the aircraft market.
The new formulation is the subject of a new patent application
filed by Napier to protect this proprietary advanced coatings
lifter.
The increased efficacy of the stripper has enabled Napier to
broaden significantly its current range of business opportunities.
As a result the company is also pleased to report that it has
signed a marketing and manufacturing agreement with Precision
Chemicals Inc. of Memphis, Tennessee. Precision will launch the
SV-35PMA and a full complement of Napier's environmentally
friendly strippers and cleaning compounds into the worldwide pump
refurbishing industry, U.S. automotive refinishing market, and
hardwood floor industry.
Mr. William Schmitt, President of Precision Chemicals recently
sold his pump refurbishing businesses to Aeroquip-Vickers, Inc.
(One of the world's leading pump manufacturers). Mr. Schmitt's
companies supplied refurbished pumps to their distributors (over
2,000 in North America and twenty-one countries globally).
After twenty-one years in the industry, Mr. Schmitt is confident
in his ability to introduce the Napier products to this vast
marketplace, which will include exposure to the construction
industry and refurbishing of heavy equipment since virtually all
heavy equipment is powered through hydraulic or other pumps.
Not to be overshadowed, the arrangement marks Napier's initial
entry into the automotive market for which Precision will commence
introduction to the 50,000+ autobody refinishing shops in the
U.S.A.
The manufacturing portion of the contract provides Napier with a
second source of cost effective product supply as well as
packaging in all sizes for the south central United States; cost
savings have been calculated on shipping warehousing and
inventories.
ON BEHALF OF THE BOARD OF DIRECTORS
Bradley T. Aelicks, President/Director
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