EPOD Solar (OTCBB: EPDS) recently announced the signing of an LOI with Nanotech Industries Inc. for a contemplated major transaction between the two companies.
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Nanotech Industries is a San Francisco-based Company which manufactures and sells Green Polyurethane Binder and Green Polyurethane Monolithic Floor Coating, a green product line which is environmentally friendly, completely eliminates toxic isocyanates from polyurethane, increases quality, is cost competitive, broadens areas of polyurethane applications and makes economic sense. The pervasive use of polyurethane in products worldwide has created serious environmental problems, health hazards, and accelerated the potential for major lawsuits. Nanotech has turned a patented breakthrough invention of Non-Isocyanate polyurethane into the sale of multiple product lines providing companies and their suppliers a solution that makes business sense. According to the terms of the LOI, the parties must enter into mutually agreeable definitive agreements necessary for the Transaction within thirty days of signing of the LOI. The closing of the transaction will be contingent upon each of the parties obtaining all necessary consents and approvals. Upon closing EPOD will change its name to Nanotech Industries
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