|By Marketwired .||
|May 28, 2014 04:00 AM EDT||
SEATTLE, WASHINGTON -- (Marketwired) -- 05/28/14 -- Peptide Technologies, Inc., (OTCBB: PEPT) is pleased to announce that it has signed an exclusive global distribution agreement for its AquaNatural Marine coating with All- Sea Coatings Ltd. (a division of All-Sea Enterprises) of North Vancouver, Canada. The agreement with All- Sea Coatings provides a proven sales conduit and exclusive rights for our AquaNatural Marine coating to establish all aspects of the commercialization of the first all natural and sustainable organic-based fouling prevention coatings product line to address the economic and environmental burden of aquatic bio-fouling. All-Sea Coatings will be responsible for deployment and commercialization of the AquaNatural Marine coating in both the commercial and leisure marine marketplace. The AquaNatural Marine Coating is a customizable friction-reduction paint formula for stationary or mobile marine assets for 5 years, resulting in a potential fuel cost savings greater than 5%. The product offers an industry-first successful "30 MINUTE" curing phase permitting significantly lower maintenance dry-dock downtime, and is designed to prevent the attachment of fouling organisms to a wide variety of substrates.
Vincent Cummings, President and CEO of All-Sea stated "In my 30 plus years of providing underwater ship management services, it is truly my pleasure to have obtained the global rights to AquaNatural Marine and to work with such a revolutionary product to further protect our clients vessels and now also the Oceans, lakes and marine environment".
All-Sea Coatings Ltd. provides high quality, rapid, safe, cost-effective and innovative underwater repair solutions world-wide to keep client vessels in operation longer. We have focused on earning the confidence and loyalty of our customers through the delivery of quality services since 1978. Investments in research and development along with the on-going training of our international team of experienced, factory- trained experts allows us to deliver on this promise. We have office locations in Vancouver, British Columbia; St. Catharines, Ontario; Saint John, New Brunswick; Halifax, Nova Scotia; and Busan, South Korea. Our business has grown progressively over the years as ship owners discovered the quality and level of service that All-Sea provides.
All-Sea has worked in conjunction with the major original equipment manufacturers (OEM) of ship's equipment - propellers, thrusters and stern seals - and developed proprietary technology for maintenance and repair. Our high standards, teamwork, training, innovation and dedication of our people, have made All-Sea the leader in full service underwater maintenance and repair the world over.
All-Sea has a highly qualified well-trained and experienced team of Divers, Engineers, and Sub Sea Technicians that provide services on a full time basis. Our team has over 1200 years of collective experience as full service underwater ship maintenance and repair specialists. Our team provides factory trained service personnel and specialized equipment to carry out maintenance and highly specialized repairs underwater, anywhere in the world. Our technicians - the majority of which have been with us for over 15 years - are professionally trained commercial divers with training and certification from the major OEMs of propellers, thrusters, and stern seals, and are Class Approved to perform surface and underwater welding procedures. More corporate information about All-Sea Coatings can be found by visiting http://www.all-sea.com
About Peptide Technologies, Inc.
Peptide Technologies fouling prevention coatings have undergone intensive evaluations by independent parties around the globe. Locations include: Canada - Great Lakes; USA - Colorado River; Darwin, Australia; and Trondheim, Norway. Unlike any other anti-fouling paint in the world, Peptide Technologies' fouling prevention coatings are the only ones in the world to receive a non-hazardous and non-dangerous rating by Risk Management Technology firm ChemAlert of Australia - a government-sanctioned certification. Our coatings contain no biocides, are non-dangerous, non- hazardous and free of any regulated active ingredients (DSL and TSCA). The absence of copper from any of our coatings allows for the ease and efficient application of our products to include spraying without contamination to neighboring waters.
Peptide Technologies, Inc. informational fact sheet, brochures and scientific certification information is available on our website at www.peptidetechnologiesinc.com.
Notice regarding forward-looking statements
This press release contains forward-looking statements that may be subject to various risks and uncertainties. Such forward-looking statements are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and may include statements regarding our future financial performance or results of operations, including expected revenue growth. Unless otherwise required by law, we undertake no obligation to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise after the date of this press release. Additional information concerning risks and uncertainties that would cause actual results to differ materially from those projected or suggested in the forward-looking statements can be found in the reports that we have filed with the Securities and Exchange Commission.
Peptide Technologies, Inc.
Investor Relations Contact
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