Hybrid Coating Technologies Inc (OTCMKTS:HCTI) witnessed massive volatility during Thursday’s trading session, ending higher by close to 8% on heavy volumes, which were 1.4 times the daily average. The stock was unable to sustain at intra-day highs, which is a cause for concern for traders. Hybrid Coating has been in strong downtrend forming lower tops and lower bottoms. The stock trends below all daily moving averages. The indicator measuring relative strength is showing first signs of a reversal indicative of the strong buying interest. The oscillator for momentum is pointing towards a shift towards the buy side, which is positive.
Hybrid Coating Technologies Inc (OTCMKTS:HCTI) announced that it had received its first commercial order from U.S. based distributor. As per the reports, the first commercial order containing a container worth $160,000, is a part of the $4M distribution agreement that the company had announced some time back.
Hybrid Coating’s distribution partner will spend significant money and resources in training and marketing programs so that everything related to the commercial launch of Hybrid’s products can fall in line. Both the parties are equally happy and want to make sure that they can live up to everyone’s expectations. A short while ago, Hybrid also met its partner and had a one-to-one meeting with all the sales and marketing team members to communicate the expectations of company’s management team.
The senior officials of Hybrid Coating are delighted to see the way things have moved lately. They hope that situation will continue to improve as the time passes. According to Joseph Kristul, CEO & President, Hybrid Coating, it’s great to have partnered with such a nice distribution team. Their marketing and promotion teams are up on the toes to make the launch of company’s products a super success. Hybrid hopes to have a long-term association with them.
The ever increasing market demand for company’s products coupled with the sizable investment made by the distribution partner is good enough to set the tone for the coming months. Hybrid believes that the revenues generated from this product line are expected to be a lot more than the expectations. The exact numbers will come out by the end of 2016.
Hybrid Coating, based in San Francisco, is one of the leading industry innovators with a primary focus on enhancing the safety and quality of foams, adhesive, and coating for commercial and industrial customers around the globe. It will keep abreast all the investors about its future launches from time to time.