Permanent Technologies Assesses Market Potential for TineLok Through Licensing and Royalty Agreements With Established and Prove
04 Mai 2011 - 2:00PM
Marketwired
Permanent Technologies (PINKSHEETS: PERT) announced that it is
pursuing a sales and marketing strategy of non-exclusive licensing
of TineLok to domestic fastener distributors as a means of faster
and more efficient commercialization of its products.
Patrick Tremblay, Permanent Technologies, Inc. CEO said,
"TineLok is an innovative product that has the potential for broad
acceptance in the vibration proof fastener market and which we
believe to be superior to any other similar product in the market
today. Our goal in leveraging our partners' expertise, existing
customer base and well established channels of distribution is to
commercialize our products and earn returns for our investors
faster than we could by ourselves."
"Permanent Technologies holds numerous domestic and
international patents for TineLok's innovative vibration proof
fastener technology. Our plan is to capture a portion of the 55
billion dollar global industrial fastener market as quickly and as
effectively as we can."
About Permanent Technologies, Inc.
Permanent Technologies is the inventor and manufacturer of the
award winning TineLok Fastening System -- a family of fasteners
that are designed to hold tight in the most demanding, extreme and
harshest conditions, environments and applications.
The TineLok Fastening System's vibration-proof, self-locking
technology is an affordable alternative to traditional fasteners
when increased safety, reliability, operating life and reduced
maintenance is desired or required.
The Company has been granted numerous patents both in the U.S.
and internationally for the TineLok technology. For more
information please visit www.TineLok.com.
Forward Looking Statements:
This press release contains certain "forward-looking"
statements, as defined in the United States Private Securities
Litigation Reform Act of 1995 that involve a number of risks and
uncertainties. Statements, which are not historical facts, are
forward-looking statements. The Company, through its management,
makes forward-looking public statements concerning its expected
future operations, performance and other developments. Such
forward-looking statements are necessarily estimates reflecting the
Company's best judgment based upon current information and involve
a number of risks and uncertainties, and there can be no assurance
that other factors will not affect the accuracy of such
Forward-looking statements. It is impossible to identify all
such factors, factors that could cause actual results to differ
materially from those estimated by the Company. They include, but
are not limited to, the Company's ability to develop operations,
the Company's ability to consummate and complete an acquisition,
the Company's access to future capital, the successful integration
of acquired companies, government regulation, managing and
maintaining growth, the effect of adverse publicity, litigation,
competition, sales and other factors that may be identified from
time to time in the Company's public announcements.
This press release is provided for information purposes only and
is not intended to constitute an offer to sell or a solicitation of
an offer to buy securities.
Contact Information: Permanent Technologies, Inc. Patrick
Tremblay email: Email Contact phone: (917) 692-9080
Permanent Technologies (CE) (USOTC:PERT)
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