About To Go Green: Environmentally Friendly Technology to Bring
Automotive Jobs to Ohio
on = August 1, 2007, 12:46 pm
Release Author = If you would like more information about Onward
Coatings, or to speak with Brian Boley, please call Brian at 614-778-2663
or email email@example.com
Release Summary = Ohio Entrepreneurs Respond to Automotive
Industry’s “Green Friendly” Focus and Launch New
PVD Coatings Production Facility
Release Body = Chrome Is About To Go Green: Environmentally
Friendly Technology to Bring Automotive Jobs to Ohio
Entrepreneurs Respond to Automotive Industry’s “Green
Friendly” Focus and Launch New PVD Coatings Production
OHIO, August 1 2007 – When it comes to the automotive industry,
green is definitely in. Automakers and their suppliers are working
to be more environmentally friendly by eliminating hazardous materials,
lowering emissions and reducing the weight of their vehicles. One
classic piece of automotive desires – chrome
– is under heavy scrutiny due to durability and environmental
issues it possesses. That is, until Onward Coatings
flips the switch on its new facility.
Coatings Company and yet2.com Inc., along
with Cleveland based Source Capital and Pillman,
have brought together the expertise, vision and money to launch
an alternative chrome coatings production facility
in Cleveland, OH. Production is scheduled to begin late 4th quarter
2007. Which means by 2008, “Green Chrome”
will be on the market.
environmental issues associated with traditional chrome plating
are clear -- most people have seen the movie Erin Brockovich, which
first brought the hazards of hexavalent chrome to the public,”
says Brian Boley, Onward co-founder. “Some
of the chemicals used in traditional chrome plating are a real problem.
As a result, government agencies are increasingly involved, passing
an updated Personal Exposure Limit early 2006. With the automotive
industry’s heightened focus on the environment, we have a
chrome coatings technology that is production ready. The process
Onward Coatings will be supplying is 100% environmentally friendly,
substantially lighter, priced similar, and much more durable than
the traditional process used to chrome plate wheels today.”
Coatings’ technology uses powder paints combined
with Physical Vapor Deposition (PVD) to apply a
smooth chrome look-finish to automotive wheels. The process has
passed major automotive testing including GM4472P CASS
and GM9525P Thermal Shock, all while retaining
the deep rich chrome color the consumer desires.
Cleveland investor Jamie Pilla understands the
opportunity. "Having an automotive background, I fully
understood the business model presented by the Onward founders.
I see a tremendous upside for not only the automotive industry,
but also other industries
that want a bright finish. That market relevance and perfect timing,
combined with job creation for our area, made Onward a good fit
for Pillman. I’m excited to partner with the Onward group
and bring the plant to Cleveland."
will open its initial production facility in Cleveland, Ohio late
2007. Initially, Onward will employ up to 30 people.
The company’s model includes the building of a large scale
production facility within 24 months, which will bring the potential
employment figure to 100.
Onward and its partners feel that’s just
the tip of the iceberg. Onward Coatings’
licensing and technology commercialization partner, yet2.com
Inc., believes the opportunity extends well beyond this
next facility. Phil Stern, yet2.com co-founder
and CEO comments, “We are excited about
the opportunity to work with Onward in building business relationships
that will accelerate the adoption of this technology in other geographic
markets and for other applications beyond automotive chrome alternatives.”
view more on Onwards’ Technology visit http://www.onwardcoatings.net
you would like more information about Onward Coatings,
or to speak with Brian Boley, please call Brian
at 614-778-2663 or email firstname.lastname@example.org
Onward Coatings Company, LLC
Onward Coatings Company, LLC was founded in 2003
to understand, test and bring to market PVD chrome coatings to the
automotive industry. Our primary focus is supplying alternative
coating and chrome plating options to the aftermarket and original
equipment wheel industries. Onward’s management
team has spent the last three years researching, testing and branding
alternative chrome coatings to the automotive industry. Onward
has developed the process to commercialize a viable chrome alternative,
and is also focused on future advancements of the technology.
Onward will continue to seek new ways to provide innovation
in the way coatings are applied, the types of coating applications
which can be applied in a more effective manner, and the products
to which applying a coating will add value.
more information visit http://www.onwardcoatings.net
About Source Companies, LLC
Since 1982, Source Companies, LLC has specialized
in providing growth advisory and investment banking services to
the controlling owners of medium-sized businesses. Typically a company
begins to use our services when its revenue base is between $25
million to $250 million. We have successfully represented hundreds
of such companies. Many of these have profitably grown to $300 million
to over $2 billion in revenue size. Our services are designed to
help the controlling owners of a business build a more profitable
and more valuable company.
For more information visit www.sourcecapital.ws
Yet2.com provides intellectual property consulting
and licensing services to world-class clients around the globe.
Yet2.com Inc. and its online marketplace were founded
in 1999 to promote technology licensing and transfer, with joint
investment from Siemens, Bayer, Honeywell, Dupont, Procter &
Gamble, Caterpillar, and NTT Leasing. The privately held company
has offices in the United States, Europe, and Japan. Its clientele
consists of a quarter of the Fortune 1000. Yet2.com draws upon its
global network of technology leaders in thousands of companies across
all industries, to establish productive dialogs quickly.
more information, visit www.yet2.com.
Site = http://www.onwardcoatings.net
Details = Brian Boley
Onward Coatings Company, LLC
600 Shoemaker Ave
Columbus, OH 43201
Brian Direct 614-778-2663
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