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(The Woodlands, TX - August 4, 2006) The Houston Advanced Research Center (HARC) and Panchem Industries, Ltd. (PCI) of New Zealand have signed a commercialization agreement to develop markets for HARCwood® throughout the world.
HARCwood is a patented process for converting medium density fiberboard into a durable, water and fire resistant building material that is also mold and termite resistant and suitable for a wide range of applications. HARC holds patents on the HARCwood process in many countries around the world.
"HARCwood offers great potential for providing sustainable building materials at lower cost with higher durability," said HARC Chairman of the Board, J. Todd Mitchell. "We look forward to working with Panchem Industries as they move quickly to commercialize an invention that provides a more sustainable building alternative." Bob Harriss, HARC's President, added, "Our goal in this new venture is to provide a cost effective, innovative building material that will also reduce pressures to harvest the remaining great natural forests."
Panchem Industries, Ltd. is a newly formed venture with capabilities in business development and marketing. "The Directors of Panchem Industries are excited about commercializing HARCwood," said Chris Ring, PCI Director. "PCI was formed for the sole purpose of introducing the innovative HARCwood building material throughout the globe. Our commercial scale plant will be up and running by year end."
For more information, visit www.harc.edu
Panchem Contact
Peter Russel
HARC Contact
Ivy K. Guice
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| Page Updated/Reviewed: 08/04/2006 |
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