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Vibration-Proof Fastener System Named "Best Product of the Year"
Valhalla, New York –
The PermanentechTM, vibration-proof, self-locking, fastener system which will not loosen regardless of seat torque has been designated as "Best Product of 2002" in the fastening, joining and assembly category, by an independent panel of judges for an annual competition sponsored by a leading design engineering journal.
In a statement issued by the panel it was noted that "During a standard vibration resistance test (conducted by the panel), the (Permanentech) design more than doubled the number of cycles withstood by other fasteners before the test was halted because no vibration took place."
Designed to help make products safer, lower warranty costs and prolong equipment life by eliminating vibration, Permanentech Fasteners are manufactured with metal or injection molded materials and are lightweight, non-corrosive and tamper-resistant. Available in standard and custom sizes, the nut-and-bolt system is seen as a breakthrough advance for a variety of applications including, aerospace, automotive, marine, off-road vehicles, industrial machinery, military, roads and bridges, railroads, petrochemical and heavy duty steel construction.
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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