ThermaCell Granted Critical Microsphere Patent
MIAMI, Jan. 21 /PRNewswire/ -- ThermaCell Technologies Inc. (Nasdaq: VCLL - news, VCLLW - news) has been granted U.S. Patent No. 5713974 for its low- cost, proprietary VaxCell(TM) method for manufacturing evacuated microspheres, it was announced today by John Pidorenko, Chairman, President and CEO.
ThermaCell's method makes it economically viable to use microspheres as the key ingredient in the Company's thermal resistant line of ThermaCool(TM) paints and coatings. Microspheres are uniform, hollow, glass bubbles that look like fine, white sand. Mixed in paints, coatings and other building materials, microspheres create a barrier that can be more effective and less expensive than conventional insulation.
''Winning patent protection is a significant, positive, material development for the Company,'' said Mr. Pidorenko, noting that one of the major risk factors when the Company went public in March 1997 was no assurance of patent protection.
Since it was introduced on a limited basis last year, ThermaCool has begun to experience strong, initial acceptance and success with local contractors in North and South Florida. ''Armed with our new patent protection, we are developing plans to step up VaxCell production in order to introduce ThermaCool to national home improvement chains with Sunbelt distribution,'' said Mr. Pidorenko.
He also said the Company plans to test the viability of VaxCells for other applications in the multi-billion dollar insulation market as well as non-insulation related applications. New insulation market applications include construction, aerospace and home appliances. For example, within construction, ThermaCell plans to determine whether VaxCells can be used to make drywall with insulation values high enough to eliminate the need and cost for traditional, fiberglass insulation. The Company also plans to determine whether VaxCells can be used to make drywall that is lighter and stronger than existing products.
As previously reported, tests on ordinary shingles on Florida homes painted with ThermaCool Roof Coating dramatically reduced temperatures by more than 30%, reducing wear on the roof outside and air conditioning needs inside. NASCAR Racing Teams report that ThermaCool Racing Products reduce the extraordinary heat in driver compartments by 50-60%, reducing wear on equipment as well as drivers. For more information, contact ThermaCell investor/public relations at 212-527-4808 or visit the website www.thermacell.com.
Forward Looking Statements: This news release contains certain ''forward- looking'' statements within the meaning of the Private Securities Litigation Reform Act of 1995, which provides a new ''safe harbor'' for these types of statements. To the extent statements in this news release involve, without limitation, product development and introduction plans, the Company's expectations for growth, estimates of future revenue, expenses, profit, cash flow, balance sheet items, sell-through or backlog, forecasts of demand or market trends for the Company's product categories and for the industries in which the Company operates, or any other guidance on future periods, these statements are forward-looking statements. The Company assumes no obligation to update forward-looking statements.
SOURCE: ThermaCell Technologies Inc.
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