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TineLok Passes Critical U.S. Navy Performance and Reliability Tests With Flying Colors
Permanent Technologies TineLok Vibration-Proof Fastening System Successfully Completes Performance, Reliability and Serviceability Tests By The U.S. Navy for Deployment on the Military's Newest Advanced Hovercraft - the LCAC
Hauppauge, New York – July 28, 2008 --(PRNewswire-FirstCall)--
Permanent Technologies, Inc.'s (Pink Sheets: PERT) TineLok Vibration-Proof Fastening System has satisfied a major milestone by successfully passing a nineteen-month long field-test on the United States Navy's newest Hovercraft, the Landing Craft, Air Cushion (LCAC).
The LCAC is a high-speed, over-the-beach fully amphibious landing craft, used to transport heavy, 75 ton payloads of equipment, cargo and personnel from ship to shore for the Marine Air-Ground task Force.
The TineLok fasteners were installed on the Hovercraft's new skirts design which are main components needed to generate the enormous thrust and power required to lift and maneuver the craft. According to the Navy's Engineer in Charge, the TineLok fasteners worked flawlessly in every test and is a major component of the new design.
"All along we were confident that TineLok would meet and exceed the U.S. Navy's requirements and expectations for this test," stated Loren Ball, President and CEO of Permanent Technologies, Inc. "TineLok was completely successful in resisting loosening in the most vibration intensive environment one could possibly imagine. We are excited about the potential for this truly groundbreaking product."
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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