Hybrid Coating Technologies Inc. announced that it has entered into a definitive exclusive distribution agreement with a U.S. based coatings distributor for several of Hybrid's floor coating formulations. Under the terms of the agreement, the distributor will place and pay for a preliminary order of one 20 foot container of coatings over the next two weeks for $160,000. Hybrid will grant a limited exclusivity to the distributor for several of Hybrid's coating products throughout the U.S. Over the next 3 years, the distributor must order a minimum of $4,000,000 worth of coatings in order to retain its limited exclusivity.

The limited exclusivity will not interfere with other ongoing partnerships that Hybrid has including those with its Fortune 500 coating partners.