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Vibration-Proof Fasteners Seen As Challenge to Tradition
Valhalla, New York – November 2002 –
"The introduction of our self-locking vibration-proof nut and bolt fasteners presents an interesting challenge to industrial engineers", says Loren Ball, president of Permanent Technologies, Inc. of Valhalla, NY. "The multi-patented PermanentechTM system features a unique nut which locks-in at predetermined intervals along the notched bolt, removing the chance for vibration to loosen the bolt and affect overall product warranty claims. This could present a dilemma to engineers whose specifications are not traditionally subject to change".
"Some companies," he continued, "find it too costly to alter component specifications on short notice. Even where new approaches are promptly pursued, others admit that barriers do exist which may impede new product acceptance no matter how valid the product. On the one hand, there's the "not invented here" thinking. Then there are the pragmatics of changing component specifications because of distribution patterns. Add to this the reticence factor of "new may be too risky".
"The answer," Mr. Ball added, "rests with design, engineering and purchasing activity prepared to adopt new departures over traditional components. This, in turn, can result in lower costs, save time and promote customer satisfaction over the long haul".
The new vibration-proof nut and bolt fastener system installs conventionally and is available in metal and injection molded materials, both standard and custom sizes. U- J- and S-Shape hanger designs for wire, cabling and related applications are also available. A task-specific nut removal tool which unlocks the nut from the bolt for inspection and maintenance purposes, is also provided.
With a wide range of uses projected over the industrial spectrum, Permanent Technologies, Inc. has instituted a comprehensive licensing program for qualified producers. Price and delivery are subject to material and size requirements, with bulk quantity discounts available.
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.
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