HUNTINGTON, N.Y.--(BUSINESS WIRE)--Permanent Technologies Inc. (PINKSHEETS: PERT) announced they have just delivered a supply of the latest advanced hybrid version of their patented TineLok Vibration Proof Fasteners to the U.S. Navy for use on the LCAC Hovercraft.
"We worked closely with the U.S. Navy to engineer TineLok to meet the most severe conditions imaginable -- including extreme vibration and a highly corrosive environment -- experienced by Navy vessels. And TineLok exceeded the Navy's demanding performance requirements." said Pierre Dionne, President of Permanent Technologies Inc.
Each of the 72 Hovercrafts in the fleet employs a skirt system secured by approximately ten-thousand fasteners. Permanent Technologies' objective is for TineLok to replace the existing fasteners on every ship.
In addition the Company believes many other applications are possible for TineLok within the Navy and within other branches of the Military.
"Our new hybrid TineLok fasteners should be installed on the Hovercraft very soon for field testing. Once that test is successful we believe the Navy will roll out TineLok for the skirt system on all the existing Hovercrafts as well as new crafts being developed," continued Dionne.
Loren Ball, Chairman and Co-founder of Permanent Technologies added, "TineLok is a breakthrough product that can solve a major problem for the Navy. We're confident TineLok will make it easier and less costly to keep the Hovercraft fleet operating at maximum efficiency for longer periods of time. Plus there are clearly many other places we could deploy TineLok on the Hovercraft and other Navy vessels."
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:
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