SAN FRANCISCO, Nov. 01, 2016 (GLOBE NEWSWIRE) -- Hybrid Coating Technologies Inc. (OTC Pink:HCTI) is pleased to announce that its head scientist, Dr. Oleg Figovsky, has won two gold medals from the International Federation of Inventor's Association (IFIA) for two of Hybrid's non-isocyanate polyurethane platform technology patents. The IFIA is a non-profit organization established in 1968 with members in 95 countries. "Over the past several years Hybrid's technology has won several awards including the Nanotech Briefs "Nano 50 Technology Award" from NASA, a finalist mention at the 2010 Polyurethane innovation Competition and the EPA Presidential Green Chemistry Award in 2015," said Joseph Kristul president and CEO, "We are very pleased to see the continued and growing interest for our technology by different organizations, corporations and governmental bodies and we believe that we are very well positioned to address the growing urgency for non-isocyanate based polyurethane products." CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of Hybrid Coating Technologies Inc. to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. Hybrid Coating Technologies Inc undertakes no duty to update any forward-looking statement(s) and/or to confirm the statement(s) to actual results or changes in Hybrid Coating Technologies Inc. expectations.