Brightec Inc (BRTE)

Description:

Brightec Inc was incorporated on April 16, 1986 as Hyena Capital, Inc., a Nevada Corporation. The Company develops and markets luminescent films incorporating luminescent or phosphorescent pigments. These pigments absorb and re-emit visible light producing a 'glow' which accounts for the common terminology 'glow in the dark'. The Companys Luminescent Products are sold mainly as a printable luminescent film designed to add luminescence to existing or new products. The Company uses third parties for manufacturing, and markets and sells graphic quality printable luminescent films. These films are based on the Companys proprietary and patented technology, which enables prints to be of photographic quality by day and luminescent under low light or night conditions. The Company expects that its Luminescent Products would be available for sale in a number of versions appropriate for commonly used commercial and personal printing technology, including offset printing, laser inkjet printing, plus a variety of 'print on demand' digital technologies. Brightec offers its products in sheets and rolls. In 2007, it introduced an improved printing quality inkjet sheets in different formats for home and business printing available in small or bulk packs via its online store. In 2009 it incurred expenses developing its new offset paper backed sheets and flexographic pressure sensitive adhesive backed films. The Company plans to market and sell children puzzles and children stickers under the brand name PlayGlo. Brightec markets its products through direct sales efforts. The Company plans to market its PlayGlo product line through representative firms that sell to small retail stores, such as toys stores, books stores and gift stores. The luminescent pigments used in production are available from the Specialty Materials Group of Honeywell, Inc. Plastics films and other raw materials, including coating resins, are purchased directly or through third-party subcontracting manufacturers. All raw materials the Company uses in its products are manufactured by companies in the United States, Europe, and the Far East and represent items that are readily available on a commercial basis. The Company's wholly-owned subsidiary, Brightec SA, is the owner of all patents and trademarks it uses in the operation of its business. Brightec SA has registered its 'Brightec' in more than 20 countries worldwide to register other trademarks like PlayGlo, in the appropriate markets, as they are introduced. The Company also relies on trade secrets and technical know-how in the development and manufacture of its products. There are numerous competing films and papers that are not luminescent, but that are used in advertising, promotional enhancement, product enhancement, packaging applications and inkjet applications of the type that it would be targeting.