MAINZ, Germany, April 18, 2006 (PRIMEZONE) -- Coattec Industries, Inc. (Pink Sheets:CTCK) today announced that DiversiPlast has reported positive test results of aluminum ridge vent samples provided by the Company's German partner, Meinecke Dachtechnologies. Attic ventilation systems in the U.S. must pass national and local tests specific to the geographic markets where they are sold, and the testing is administered by ICC Evaluation Service, Inc., the United States' leader in evaluating building products for compliance with code.
The tests are used to determine the NFVA, Net Free Ventilation Area, according to ICC-ES, per the Acceptance Criteria for Attic Vents and Static Product Measurement Procedure. These include between 10-20 tests and measurements, such as dust exposure tests, temperature cycling, weathering tests, resistance to wind-driven rain and snow, corrosion resistance. Additional local tests of these ridge vents that are to be administered are the Dade County tests from the Miami-Dade building code compliance office for wind-driven (hurricane) water.
"We are pleased to see samples of our partners' European ridge vents achieve positive test results for ICC-ES approval. Coattec plans to partner with DiversiPlast to offer one of the only products in the U.S. that have this approval and of the samples tested, we see immediate market opportunities with two specific types of special high quality aluminum corrugated roll product that are used to seal the hips and ridges. These products are UV stable, weather-proof, easy to install and have excellent ventilation properties. We anticipate that these products will be introduced during this year's Western Roofing Expo in June," commented Bernd Meinecke, President and CEO of Coattec Industries.
For further information, please visit www.coattecindustries.com.
About Coattec Industries, Inc.
Coattec Industries owns the exclusive license to technology to create a proprietary coating that has applications in various industries, primarily the residential housing market. The main use of the Company's coating will be for roofing foils and housewraps that provide insulation and a humidity barrier while inhibiting the growth of mold in new homes. The coating's antibacterial properties make it useful in other industries, including the home improvement industry as filters for air-conditioning units, the automotive industry as a potential replacement for PVC, and the glass industry for abrasion control.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.