Kolorfusion Announces Licensing Agreement With Anaheim-Based PowderCoat Services
DENVER--Jan. 10, 2002--Kolorfusion International Inc. (OTCBB: KOLR) announced today that the Company has entered a License Agreement with PowderCoat Services, Inc., based in Anaheim, California, a leading provider of coating services to Fortune 500 companies including Disney, Toyota and Fender.Gail Hutchinson, President of PCS, stated: "The patented three-dimensional decoration technology owned by Kolorfusion is really a breakthrough in product decoration. The ability to put any design or colors on any coated surface is something never before available. We at PCS are very excited to offer the Kolorfusion process in conjunction with our coating services. The License continues so long as we desire to offer the process at our facilities, so we anticipate a very long and profitable relationship with Kolorfusion."
Kolorfusion's President Steve Nagel added: "This relationship with PCS will allow us to provide our patented technology in conjunction with a leading west coast provider of coating services that has been in business for over 20 years. PCS has already provided excellent coating services for our recent production runs for Gerber and MasterLock , so we know we have a good Licensee in the works. The PCS facilities encompass over 50,000 square feet and its five lines are capable of painting hundreds of thousands of parts during each shift, from small parts to large parts."
"Over the past few quarters, we have reached a new milestone in growth. The long-term investment support we have received since start-up from our Swiss and French investor families is now showing positive commercial results," added Nagel.
The Kolorfusion process allows any design to be transferred into a powder-coated surface. Recent Licensees such as Dee Zee, Inc. and Summit Marine are typical examples of major OEMs installing the Kolorfusion process in their own facilities. Under the License, Kolorfusion and PCS will coordinate various customers and their products to the PCS facility to better serve the customers who do not intend to become an OEM Licensee.
About Kolorfusion
Kolorfusion is the owner of process patents for three-dimensional product decoration invented in France by Jean-Noel Claveau. The Company's technology is considered a major breakthrough for product finishing, as the process actually transfers any design with any colors into a product's coating or directly into the plastic or aluminum part itself, no matter the shape. The result is a fully decorated product as durable as the coating or part. Kolorfusion's technology is ultraviolet resistant, cost effective, and safe for the environment. Unlike decals, silk screening, or standard painting, Kolorfusion's patented processes offer a full spectrum of colors, shades, and designs. Kolorfusion generates revenues through processing contracts and long-term purchasing and license agreements with product manufacturers. Visit our website at www.kolorfusion.com.
This news release contains forward-looking statements related to future growth and earnings opportunities. Such statements are based upon certain assumptions and assessments made by management of the company in light of current conditions, expected future developments and other factors it believes to be appropriate. Actual results may differ as a result of factors over which the company has no control.