Eco Building Produ Com (OTCMKTS:ECOB) recently announced entering into non-disclosure agreements for finding strategic relationship option with prospective partners in the industry. The company says that it has worked upon its new chemistry and its current market position means that there are a range of deals, which may be attractive for the different levels of supply chain.
New patent applications of the company
Company’s CEO and President, Tom Comery also announced two new patent applications, while also passing the ASTM E2768 with OSB or oriented strand board. This, he said, has led to “number of substantive, in depth deliberations with several key players within the Industry.”
The industry needs new solutions in the form of “Eco Red Shield,” as stated by the CEO. That is why, players from other industries, such as, treaters, applicators and chemical companies have explored the solutions in its form.
Taking the leap from supplier to developer
Moving to the next level of strategy or action plan is important for such companies. Eco Building Products, Inc., has therefore, evolved from being a supplier of treated wood products to complete developer of eco-friendly wood protection chemistry and technology.
The company is taking leaps towards better positions. In the last quarter of 2016, it had also announced that FRC EWP, the new chemistry had cleared past the extended ASTM E2768, or the milestone test.
Busy days sent off on a positive note
The company’s Chief Technical Officer, Mark Vuozzo says, “The last 45 days have been extremely busy for us as we entertained multiple technical evaluations here at our lab in San Diego.” He hinted towards potential partnerships, which he believes, will help the company in reaching its complete potential. The times to come will focus on development of new chemistry as well as bringing the present products to the markets.
So, will 2017 be profitable for this one? The announcements hint so and therefore, there is much more to look for this one.
