Aug 9 2006
Miracle Coatings, a small Biotech business from Asia Pacific, releases Anti Microbial and Ultra Violet Polymers and Bio Decontaminators.
With distribution contracts in USA, Australia & New Zealand, Israel, Thailand, Europe and Japan, Miracle Coatings are looking at partnering with various Private Equity Groups to IPO its business on the back of this release.
The Intellectual Property is based on a combination of powerful biological decontamination products which remove mold and bacteria, and polymeric coatings which prevent the growth of biological agents and damage from Ultra Violet Light.
The products are designed for the manufacturing and service industries and are relatively low cost. In the service industry of Indoor Air Quality (IAQ) and Mold Remediation, the product costs often resemble 1% to 5% of the service charge. Miracle Coatings offers the market a solution to IAQ and low cost solution to Mold contamination. The polymeric coatings offer, low cost, high quality, anti-microbial and Ultra Violet protection to the Textiles industry.
With the growth of the lucrative Mold Remediation market in the USA, Miracle Coatings has aligned itself with a number of strategic partners to enter the market. The IAQ market is gathering momentum globally with Asia and North America leading the market, and the high levels of competition in the textiles industry of Asia and the sub continent have a generated demand for high quality coatings to differentiate textile products and add value.
Miracle Coatings expect triple digit growth over the next 12 months due to the release of this new product range.