Permanent Technologies Inc. Introduces a New Fastener in the Plumbing and Faucet Markets Leveraging Its Patented Vibration Pr...
24 Janvier 2013 - 2:30PM
Marketwired
Permanent Technologies (PINKSHEETS: PERT) today announced the
introduction of a new line of self-locking fasteners designed for
plumbing applications. The new UniversalLok™, product uses the
Company's patented vibration proof TineLok technology and is
designed to prevent faucets from losing their clamp load properties
and adherence to the deck or sink they are mounted on during
installation and ongoing use.
"This innovative application of TineLok technology enables us to
solve a wide range of stubborn plumbing problems for the
professional installer as well as the do it yourselfer (DIY) and
enhance customer satisfaction in their daily use of their faucets,"
said company CEO Patrick Tremblay. "UniversalLok was developed with
input from a major US faucet manufacturer along with design and
engineering consulting from our new manufacturing partner, Autronic
Plastics, Inc."
Autronic Plastics, Inc. is a full service multi-plant, injection
molding and tooling manufacturing company. They offer Permanent
Technologies: experienced in-house design, engineering and quality
assurance resources, latest plastic fabrication and rapid
prototyping equipment and the ability to partner for future
research and development projects.
IBISWorld's "Plumbing Market Research Report" estimates the
overall plumbing market at US$86 billion. And according to the
Freedonia Group, US demand for industrial fasteners will reach
$12.5 billion in 2013.
"The plumbing industry represents a huge opportunity for
Permanent Technologies and a natural progression from the Military
sector to the broad Commercial/Industrial marketplace," added Mr.
Tremblay. "What began as one project with a single faucet
manufacturer is becoming something transferable to a majority of
faucet applications and broader commercial marketplace
opportunities where clamp load performance with easy on/easy off,
reusable properties is required. With UniversalLok we now have a
cost-effective solution to present to every plumbing fixture
manufacturer as well as home renovation specialists and do it
yourselfers.
"And with Autronic Plastics, Inc. we have a proven manufacturing
partner to produce our products with the highest quality, in any
volume required and with the ability to adapt design changes
extremely quickly. With this team and our innovative products, we
believe Permanent Technologies can commence sales and production in
the commercial markets."
About Permanent Technologies Inc.
Permanent Technologies is the inventor and manufacturer of the
award winning TineLok Fastening System -- a family of military
grade 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, reduced
maintenance and tooling costs are desired or required.
The Company has been granted numerous patents both in the U.S.
and internationally for the TineLok technology. Both TineLok and
UniversalLok are trademarks of Permanent Technologies Inc. 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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