Biocontrol's ICTI Announces Metal Alloy Coating JV with Fazio & Assoc.
8 April 1998
Biocontrol ICTI Subsidiary Enters Into Automotive Industry Joint Venture with Fazio & AssociatesPITTSBURGH, April 8 -- Biocontrol Technology, Inc. announced today that its recently acquired subsidiary, International Chemical Technologies, Inc. (ICTI), entered into a five-year, automatically renewable, joint venture agreement with Fazio & Associates, Inc. (Fazio) of Bloomfield Hills, MI, an established firm whose automotive industry customer list includes Caterpillar, Chrysler, Cummins Engine, Detroit Diesel, Ford, General Motors, John Deere, Mack, Navistar, and Volvo. The joint venture will establish a Detroit, MI office for ICTI where Fazio will be the exclusive representative to the automotive industry for ICTI's new patented cemkote(R) metal alloy coating. Fazio has already presented ICTI's cemkote coating to the GM Truck Group, GM's Power Train, Detroit Diesel, and Ford Motor Company. ICTI will provide technical training and marketing support as necessary to assist the efforts of Fazio. Of the new joint venture agreement, Mr. Charles Fazio, chairman of Fazio & Associates, stated, "Our clients in the automotive industry have been enthusiastic about the properties of cemkote and we expect to capture a large portion of the coating business where those properties enhance the performance of the clients' products." Mr. Fazio has over 38 years experience in all aspects of the automotive business from plant operations to corporate management, including executive positions at Rockwell International, Burkhart Randall Automotive Division of Textron and the Ford Motor Company Sandusky Operation. Mr. Vince Fazio, president of Fazio and a former Colonel in the United States Air Force, has over 15 years experience as a manufacturers representative dealing with major OEM's in the area of stampings. Mr. Dean Forester, Vice President of Engineering, at Fazio & Associates, was formerly manager - engineering of GM Truck and Bus Group and has over 37 years experience in all design phases and building of trucks and busses. Mr. Charles Fazio, Jr., vice president/operations manager of Fazio, brings over 20 years experience in the product planning and sales aspects of major automotive programs, including strong connections to Ford Motor Company. Cemkote is a uniform, nickel boride metal coating technology that is an alternative for electroless nickel and the approximately ten million metric tons of chromium now used annually worldwide for plating. Cemkote and its application technology provide extreme hardness, corrosion resistance, ductility and low friction without the water and airborne toxic emissions of chromium plating. The coating is harder than tungsten carbide coatings, hard chrome and electroless nickel; passes ASTM B117 accelerated and salt spray tests of two hundred (200) hours; and has a lower coefficient of friction than electroless nickel, tungsten carbide, and hard chrome. Biocontrol Technology, Inc. (http://www.bico.com) has its corporate offices in Pittsburgh, PA and is involved in the development and manufacture of biomedical devices and environmental products. Its subsidiary, ICTI, is a Florida corporation established to produce and market the cemkote metal alloy coating. This press release contains statements of a forward looking nature. Shareholders and potential investors are cautioned that such statements are predictions and that actual events or results may vary significantly. SOURCE Biocontrol Technology, Inc.