KING OF PRUSSIA, PA — Nocopi Technologies, Inc. (OTCQB: NNUP) said it is closing out fiscal 2025 with a series of governance, financing, and product developments as it works through tariff-related headwinds and positions itself for renewed growth.
The specialty reactive ink developer said it expects to file its fiscal year 2025 financial results and annual report with the Securities and Exchange Commission in late March, providing investors with a clearer view of performance following a year marked by global trade uncertainty.
As part of its year-end actions, the company appointed Eric Sites of Horizon Kinetics Asset Management LLC to its board of directors on December 15, 2025. Sites is a vice president, portfolio manager, and research analyst at Horizon Kinetics, which managed more than $10 billion in assets as of Sept. 30, 2025. His prior board experience includes roles at the Canadian Securities Exchange, Bermuda Stock Exchange, Consensus Mining, Seigniorage Company, and Renn Fund, and he currently serves as a director of IL&FS Securities Services Ltd. in India.
Nocopi also strengthened its balance sheet through a private placement completed on December 31, 2025. The company sold 266,666 shares of common stock at $1.50 per share to accredited investors, including affiliates of Horizon Kinetics and an existing board member. Proceeds will be used for general corporate purposes, including supporting operations and pursuing strategic growth initiatives.
Operationally, the company said 2025 proved challenging as inflation, tariff policies, and uncertainty surrounding U.S.-China trade disrupted demand. While Nocopi’s operations are based in the United States, it works with licensees and customers across Europe, South America, Asia, and Australia. Sales to certain Asian printers declined as tariff uncertainty delayed orders and led customers to reduce inventory levels rather than restock.
Management said it has begun to see early signs of stabilization and expressed cautious optimism that a more predictable U.S. tariff posture toward China in 2026 could support normalized ordering activity.
On the product development front, Nocopi’s research and development team introduced a new patent-pending product, ColorBloom Molding Wax 2.0, aimed at the children’s entertainment market. The product was presented to licensees during 2025 and received early positive feedback, particularly from some of the company’s largest partners. Nocopi expects the product to reach retail shelves later this year.
Looking ahead, management said it remains focused on increasing long-term shareholder value, including evaluating potential acquisitions of companies with complementary or competing technologies. The company said it continues to prioritize opportunities that support sustainable free cash flow growth.
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