Industry News

Global Matrechs Obtains Right from EPA to Import HNIPU into USA

Published on 2005-06-07. Author : SpecialChem

RIDGEFIELD, Conn.-- Global Matrechs, Inc. (OTCBB: GMTH - News) is pleased to announce that its licensed HNIPU flooring and corrosion-protection products have become eligible for importation into the United States in accordance with the rules promulgated by the Environmental Protection Agency (EPA). HNIPU is a group of new chemical substances that had no previous registration with the EPA. The Company holds an exclusive worldwide license from Eurotech, Ltd. to market, manufacture and sell all HNIPU products, including the flooring binders and coatings version of the chemical.

HNIPU, a modified polyurethane that does not use the toxic isocyanates found in conventional polyurethanes, was not previously registered with the EPA for importation or manufacture into the United States. However, Global Matrechs completed and filed with the agency Pre-Manufacture Notices (PMN) for HNIPU's flooring and corrosion-protection products, and the EPA review period expired without rejection of applications. Global Matrechs may now begin the importation and / or manufacture of the subject products. The Company plans to file additional PMN applications with the EPA for other HNIPU products in the near future.

In addition to the above, Global Matrechs has amended its non-exclusive Agreement with Environmental Friendly Materials GmbH, which originally established a production base in Europe. The Agreement was amended to include the United States in its sales territory.

The HNIPU product can be incorporated into many applications including crack-resistant composite materials, chemically resistant coatings, industrial flooring sealants, glues and paints. Its many outstanding properties are beneficial to such industries as the automotive, aerospace and construction, marine and industrial equipment industries. The main and distinct technical advantage of HNIPU is that while it has the mechanical properties of conventional polyurethane, it has a higher chemical corrosion resistance comparable with epoxies that lack the mechanical properties necessary for such resistance.

Global Matrechs also owns the exclusive worldwide rights for marketing, manufacturing and selling all of the NuCap™ materials, formerly known as EKOR™, also pursuant to a license from Eurotech, Ltd. The Company is delighted to be in the advanced stages of product placement for NuCap™ and to have achieved EPA approval for HNIPU. Global Matrechs also has the exclusive worldwide rights to all technologies listed on our website. For a description of our licensed products, please see our filings with the Securities and Exchange Commission (including our Current Report on Form 8-K filed with the Commission on June 6, 2003). These filings are public documents and may be found on the Commissions website.

"Forward-Looking Statements"

Investors are cautioned that certain statements contained in this press release as well as some statements in periodic press releases and some oral statements of Company officials during presentations are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). Forward-looking statements include statements which are predictive in nature, which depend upon or refer to future events or conditions, or which include words such as "expects," "anticipates," "intends," "plans," "believes," "estimates," "hopes," "seeks," or similar expressions. In addition, any statements concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects, and possible future actions, which may be provided by management, are also forward-looking statements as defined by the Act. Some of the factors that could significantly impact these forward-looking statements in this press release include, but are not limited to, the availability of capital resources, ability to obtain financing, ability to commercially market products and technologies, intellectual property rights, including its rights to the technologies that it licenses, and growth plans for expanding its operations. Forward-looking statements are based upon current expectations and projections about future events and are subject to risks, uncertainties, and assumptions about the Company, its licenses, products, economic and market factors and the sectors in which the Company does business, among other things. These statements are not guarantees of future performance and the Company has no specific intention to update these statements. More detailed information about those factors is contained in the Company's filings with the Securities and Exchange Commission.

Source: Global Matrechs, Inc.

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