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Urecoats Industries Announces Agreements with Chemical Engineer, Chemist, and Roof Specifier.

Business Editors

POMPANO BEACH, Fla.--(BUSINESS WIRE)--April 4, 2000

Urecoats Industries Inc. (the "Company"), a developer of roofing, sealant, and coating products, through its wholly-owned subsidiaries Urecoats International, Inc. and Urecoats Technologies, Inc., today announced that it has entered into extended agreements with Ponswamy Rajalingam, Ph.D., R. Uma Umarani, Ph.D., and a new agreement with Rene M. Dupuis, Ph.D., P.E., each internationally renown and experienced professionals, for infrastructure purposes.

PONSWAMY RAJALINGAM, PH.D. ("Dr. Raja"), a chemical engineer, is the inventor of the Urecoats Rubber Sealant Membrane (RSM)(TM) formulae and its spray application system. Dr. Raja is also a vice president of the Company, President of Urecoats International and Urecoats Technologies, since July 1, 1999, and Chief Chemist with Urecoats International since June 1, 1998. Dr. Raja is additionally a consultant to the Company. Prior to joining the Company, Dr. Raja served as Scientific Advisor to the President and CEO for Envirolutions Inc. of Canada and also as Consultant for Royal Ecoproducts, also of Canada; preceding this, the following: 1996-1997, Research and Development Director for Rubber Technology, Inc. of Roberts, GA.; 1994-1995, President of Polymix Corp., Huron Park, Ontario; 1993-1994, Research and Development Manager of Canuck Compounders, Inc., Cambridge, Ontario; 1991-1992, Post-Doctoral Fellow of Polymer Science and Engineering Laboratory, Queen's University, Kingston, Canada; 1986-1991, Research Scientist as well as Honorary Professor of both Madras and Anna Universities, Madras, India of Polymer Division in CLRI (Council of Scientific and Industrial Research (CSIR)) India. Dr. Raja's areas of interest lie in the following fields: A) Research 1) Compounding of Rubber and Plastics for Moulding and Extrusion Applications; 2) Development and Applications of Thermoplastic Elastomers (TPE); 3) Recycling of Plastics and Rubber; 4) Synthesis, Characterization and Application of Ionomers in 4a) coatings and adhesives, 4b) packaging, 4c) blend compatibilization, 4d) emulsions and dispersions, 4e) fluid applications: aa) drilling fluid additive, bb) drag reduction of hydrocarbon fluids, cc) water activated gellation: B) Teaching 1) Polymer Synthesis, Characterization, Modifications and processing with reference to elastomers; 2) Polymer Recycling; 3) Compounding of Rubber and plastics for moulding and extrusion applications, and C) Consulting 1) Rubber and plastic compounding; 2) Thermoplastic elastomers; 3) Adhesives and coatings; 4) Rubber and plastic recycling. Between 1983 and 1989, Dr. Raja also taught courses including Applied Chemistry, Polymer Science, Polymer Technology, and Leather Technology, along with being in supervisorship over these same courses. The following are some of the Publications either authored or co-authored by Dr. Raja: Compatibilization of Discarded Carpets & Laminated Film Waste., BioCycle, Communicated; Compounding Carpet wastes & Laminated Film Wastes for moulding and extrusion applications, Plastics: Formulations & Compounding, March/April, 1997; Interface improvements to Ground Tire Rubber based Composites, Scrap Tire News., 11 (4), 6(1997); Ground Rubber Tire/thermoplastic composites; effect of different ground rubber tires., Rubber Chem. Technol., 66(4), 664(1993); "The role of functional polymers in Ground Rubber Tire - Polyethylene Composite". Rubber Chem, and Tech., Vol 65(5)., 908(1992); "Compatibilization of Ground Rubber tires in Recycled polyethylene/polypropylene waste plastics"., Annual Technical Conference (Soc. Plastic Engineers)., Detroit, USA., 799(1992); Potassium-N-butylxanthate as a new antioxidant for natural rubber., Polym.-Plast. Technol. Eng., 30(4), 405 (1991); Mechanical & Morphological Properties of Ternary Blends., Poly. Mater. Sci. and Eng., 63, 122(1990); and Coconut fibre-reinforced rubber composites., J. Appl. Poly. Sci., 37(9)., 2645(1989). Dr. Raja received his B.Sc., in 1978 and his M.Sc. in 1981 from Madurai Kamaraj University of Madurai, India. He received his Ph.D. in 1985 from Anna University of Madras, India. Dr. Raja's professional organizations and awards are the following: a member of SPE [Society of Plastic Engineers], received several awards for the contribution to the Rubber and Plastic Industries in India including the 1988 FEDERATION OF PLASTIC INDUSTRIES AWARD, INDIA, more than 50 Science citations, and more than 60 Research Publications in Refereed Journals.

R. UMA UMARANI, PH.D. ("Dr. Uma"), a chemist, is an inventor of the Urecoats Asphalt Sealant formulae and its spray application system presently under development. Dr. Uma is a vice president of the Company, Urecoats International and Urecoats Technologies, since July 1, 1999, and chemist since January 1, 1999. Dr. Uma is additionally a consultant to the Company. Dr. Uma plays a critical role in the set up and administration of Urecoats' state-of-the-art testing laboratory. Prior to joining the Company, between 1997 and 1998, Dr. Uma served as Research Associate for the Department of Chemistry at The University of Western Ontario, London, Ontario, Canada. In 1995 she was a Visiting Professor of the Chemistry Department at the University of Science & Technology at Lille, Villenuve D'Ascq. France. From 1989 and 1992, Dr. Uma served as Research Associate of the Chemistry Department at the Indian Institute of Technology, Madras, India; Department of Medicinal Chemistry of the University of Texas, Arlington, TX, and the Chemistry Department at Queen's University, Kingston, Ontario, Canada respectively. Her instrumental experience is XL Varian 300, Gemini 200, 300, Nicolet 293A multinuclear FT-NMR, Bruker 200 MHz and 400 MHz FT-NMR, Perkin Elmer IR spectrophotometer, Varian 5000 and Waters HPLC and Reverse phase ion chromatography. Dr. Uma has knowledge about Environmental Protection Act (EPA), New Substances Notification, Toxic Substances Control Act, Workplace Hazardous Materials Information System, Hazardous Waste Management, and Chemical Storage and Segregation. She has had about 10 research articles in internationally reputed research journals and 5 different conference presentations. Dr. Uma received her Ph.D., Physical Organic Chemistry in 1989 from Anna University of Madras, India; her M.Sc., Organic Chemistry in 1983 from The American College of Madurai, India; and her B.Sc., Chemistry in 1980 from V.V.V. College of Madurai University, India.

RENE M. DUPUIS, PH.D., P.E. ("Dr. Dupuis"), President of Structural Research, Inc., obtained his B.S., M.S. and Ph.D. degrees in Civil Engineering from the University of Wisconsin - Madison. He has worked for the National Science Foundation, the University of Wisconsin as well as an Assistant Professor at the State University of New York - Buffalo. He is a Professional Engineer and a principal and President of Structural Research, Inc., a consulting engineering firm located in Middleton, Wisconsin. Since 1974 Dr. Dupuis has been involved in structures and materials research. Much of his efforts have been devoted to the roofing industry as a consultant, with emphasis on bituminous roofing, elastomeric roof systems, tension fabrics and insulation materials including foams of various types. He has written and presented numerous research reports on roofing materials technology, as well as conducting many field investigations for building owners, architects, contractors, government agencies and manufacturers, on a national and international basis. He has designed different types of roof systems for a variety of buildings including industrial, educational and large public facilities. Dr. Dupuis is a member of ASCE, ASTM, CSI, and NSPE. He has participated in roofing conferences throughout the United States, Canada and Europe. He served on the CIB/RILEM International Committee on Single Layer Roofing; and also served on the Roof Advisory Panel for the DOE/Oak Ridge National Laboratory's Roof Test Center. He has lectured at roofing seminars at the University of Wisconsin, various roofing contractor associations, as well as for several Construction Specification Institute chapters throughout the United States. Dr. Dupuis served on the Board of Regents and as Chairman for the Roofing Industry Educational Institute (RIEI). He has served as a Technical Advisor to the Midwest Roofing Contractors Association (MRCA) since 1977 and has worked with the National Roofing Contractors Association (NRCA) on technical issues since 1979.

Urecoats retains these qualified and respected professionals for advice, consultation and direction related to the Urecoats products, applications, development and building of different types of roof systems for products, working with testing labs, government agencies, and other agencies for approval of products, seeking other potential applications and uses for products other than construction, such as waterproofing, marine applications, steel vapor barrier, etc., assistance in writing technical articles on products and applications, and establishment of guidelines for application and safety procedures for products and applications in the various industries.

Larry T. Clemons, President of Urecoats Industries Inc., commented "I feel compelled to share my direction and foundation for direction with you all. Fourteen months ago our Chairman Richard J. Kurtz and I stood in the parking lot of what was not even Urecoats at the time and came to a monumental decision. To fully fund and operate a potential technology that has immense industry ramifications. At that time our focus was roofing and waterproofing, which roofing is a $30 billion a year industry all on its own. Understanding our products innate characteristics and its ability to consolidate the roofing and waterproofing industry we began to focus on our delivery systems. All of you familiar with Urecoats know the problems and constraints of all past prototype systems and their lack of effectiveness. Well it's amazing what hard work, capable people, and funding can accomplish when they work in concert with a focus to succeed. And of course we have succeeded. The steps we've taken have been thought out, analyzed, and set into motion. Urecoats 100(TM), Rubber Sealant Membrane (RSM)(TM) development is a `Technology of Need,' not want or desire and definitely not microchip. You can see it, touch it, and know its capabilities. I would enjoy sharing all the feedback and interest we are generating but for now follow our history of the last fourteen months, look at our Board Members, try and understand the due diligence we have done to exceed even our own expectations and product applications for reaching various industry needs. It's very exciting for us as individuals and as a company to have the privilege to work with the abovementioned esteemed colleagues. Remember, we believe we have the newest technology since the industrial revolution and if you analyze every step that we have taken your confidence and knowledge will enhance your own position. Keep in mind, we are Urecoats Industries `Achieved Through Knowledge . . . Delivered By Technology,' and soon to be assisting a planet, with a `Technology of Need.'"

In view of our accomplishments and continued progress Mr. Kurtz, Chairman of the Board of the Company, committed funds of $2 million for the year 2000.
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Publication:Business Wire
Geographic Code:1USA
Date:Apr 4, 2000
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