High-Tech Hull Coating Receives NYSERDA Funding

press release
Monday, November 14, 2011

Greenfield Manufacturing Inc., a Saratoga Springs chemical manufacturing company, has received New York State Energy Research and Development Authority (NYSERDA) funding of $183,000 to help commercialize and deploy a high-tech hull coating that can improve boat engine efficiency by reducing friction.


 
HullSpeed High Performance Coatings, a division of Greenfield, produces eco-friendly alternatives to current marine paints and coatings that can be environmentally harmful. Greenfield was established in 1998 as an industrial chemical manufacturing facility. The company matched NYSERDA’s investment.
 
 

HullSpeed High Performance Coatings is currently involved in an EPA study in San Diego Harbor to determine the effectiveness of alternative, environmentally- friendly marine paints and coatings. HullSpeed High Performance Coatings is also involved in a perpetual growth study in Punta Gorda, Fla. as well as many other test and development sites.
 
 

The company’s coatings have been in development since 2003 with applications in the performance, commercial and recreational marine markets. With the gradual banning of heavy-metal bottom paints and coatings by environmental protection agencies, HullSpeed High Performance Coatings is hoping to be a prominent entity in the marine coatings industry and create more jobs for New York State.   
 
 

NYSERDA’s investment makes it is more affordable for companies such as Greenfield Mfg. Inc. to commercialize advanced technology products. Greenfield Mfg. Inc. and HullSpeed High Performance Coatings are looking to make a positive difference in our local and global environmental future.
 

“Hullspeed is an excellent example of one kind of manufacturing company that NYSERDA is interested in supporting – a firm that is exploring new ways to gain energy efficiency,” said Francis J. Murray Jr., President and CEO of NYSERDA. “NYSERDA is proud to help Hullspeed bring its unique, energy-saving product to market.”
 

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