Urethane Technologies Obtains Credit Line
said it has obtained a $900,000 lease line of credit for the acquisition of capital equipment.
The company, which makes and markets polyurethane systems and licenses its polyurethane production technology to original equipment manufacturers, said this is its first long-term lease credit from an independent financial institution. Previously, the company had been financed by private investments and public stock offerings.
Applications of the company’s process that are now being marketed include flat-free bicycle tires. The company said it is developing a variety of polyurethane products, including bathroom and kitchen fixtures, athletic shoe soles and sole components, and composite polyurethane and rubber industrial tires.