SOURCE: IO Circuit

July 23, 2007 06:30 ET

nCoat, Inc. (OTC BB: NCOA) Receives In-Depth Coverage From Bridge IR

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA--(Marketwire - July 23, 2007) - nCoat, Inc. (OTCBB: NCOA) announced that an independent research report has been released by Bridge IR. Recently, the research firm initiated their equity rating on NCOA. nCoat is an emerging nanotechnology company focused on development and marketing of coatings applied to metal, ceramics, fabric, and other materials. Currently, NCOA is working on the release of its latest "Extreme Sterling™" coating, completing its latest acquisition, as well as managing a new 10,000 square ft. production plant. Paul S. Clayson, Chairman and CEO of nCoat, stated, "We are honored to have a quality independent research firm review our overall operations, progress and to provide the resulting coverage to our stock. This offers further confirmation to our shareholders that our company is headed in the right direction." Mr. Clayson further stated, "We believe the market will further recognize our progress as we complete the accretive acquisition of MCCI and as we continue penetrating industries like aerospace companies where we provide cutting-edge, custom formulated specialty coatings for space and high altitude travel. Recently, testing was performed for NASA involving thermal barrier coatings designed to enable the fuselage of spacecraft to endure exposure to 4,200 degrees F for a period during orbital re-entry."

For an in-depth independent research report, please visit: http://www.bridgeir.com/NCOA_Initiation_Report_{BridgeIR}.pdf

Other active stocks are Spansion Inc. (NASDAQ: SPSN), Omnicell, Inc. (NASDAQ: OMCL) and Imax Corporation (NASDAQ: IMAX).

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