CSI International's Micro Paint Repair System Receives Endorsement from DuPont, Strengthening Strategic Alliance and Setting the Stage for Product Distribution
TUESDAY , DECEMBER 02, 2003 03:39 PM
CALGARY, Alberta, Dec 02, 2003 (PRIMEZONE via COMTEX) -- CSI International Inc., a technology and products leader in the global micro paint repair industry, said today that DuPont(r) (NYSE:DD) has endorsed its micro paint repair system, strengthening its strategic alliance with the multinational giant, and setting the stage for product distribution.
Stanton Hill, CEO of CSI, said a letter received yesterday from DuPont Performance Coatings said "DuPont was pleased to announce that CSI, with its micro repair technology experience, has coupled with DuPont Performance Coatings paint, color management and automotive coatings experience and established a useful and highly productive micro repair paint system."
The letter, he said, praised CSI for "pioneering a highly progressive micro paint repair approach targeted for the cosmetic and appearance repairs of automotive vehicles, and for providing potential users with a fast, safe and seamless micro repair system. DuPont Performance Coatings is the leading supplier to the global automotive finishes industry with innovative technology and a proven track record in the coatings industry," the letter said.
'Great Relationship, Exciting Future'
Hill said CSI has "a great relationship with DuPont Performance Coatings and the Dupont Automotive Finishing Division, offering an exciting future as we begin product distribution."
Hill said the last month, "has been an incredibly active and exciting time," for CSI. In early November, a Letter of Intent was signed for CSI to be acquired by NeoMedia Technologies, Inc., (OTCBB:NEOM), of Fort Myers, Florida, an innovator and worldwide leader serving business, government and consumers with patented technologies which connect bar-type codes to targeted online information. He said that when the acquisition closes, NeoMedia plans to build on CSI's well-established inroads with automotive and chemical multinationals for sales of its technology products and platforms.
Last week CSI announced it had been awarded a private label contract by CrackMaster(tm) Distributors Ltd. of St. Albert, on behalf of its ChipMaster(tm) Auto Paint Systems subsidiary, to create custom formulations and products for private label sales to and through ChipMaster distributors.
CSI has a similar relationship in the U.S. with NOVUS(r) and its Shat R Proof(tm) Corp. division, Hill said.
About CSI International Inc.
CSI International Inc. (www.csi-intl.com) is a 13-year-old Canadian company based in Calgary, Alberta, specializing in the formulating and manufacturing of products and services for the worldwide micro paint repair industry. Privately-held, CSI offers a system and processes utilizing proprietary technology.
All trademarks are properties of their respective owners.
SOURCE: CSI International Inc.
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