Lance Young
San Jose, CA (USA)
Role(s):
Founder/Owner/Principal
Cobare LLC
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Startup
Location:
San Jose
Industry:
Technology/Web
Year Founded:
2009
Number Employees:
1-10 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
Cobare has developed the world's first environmentally safe metal coating system called SC-49. Basic product development is complete and the product has passed all commercial and industrial test to prove that it is the next generation of green products.
Worldwide SC-49 is capable of competing for nearly $20 billion in sales. It is the only proven replacement for a highly toxic, highly functional coating system known as chromate conversion coatings. SC-49 has passed all of the corrosion, abrasion resistance and paintability tests required by the metal coating industry for use in aerospace, automotive and military categories.
Cobare is seeking a global strategic partner to help take this product worldwide. Our announcement is significant and far reaching and we know enough to know that our most efficient market entry will be with a global partner. We are seeking funding to find a strategic partner or a qualified buyer. The sale price and royalties are expected to be substantial. Only 1% of the U.S. market sales of this product would be in the $60 million/yr range. We need help!