NEW YORK--(BUSINESS WIRE)--Pinwrest Development Group, LLC (“Pinwrest”), a majority owned subsidiary of 4Licensing Corporation, announced today that they have entered into a multi-year licensing agreement with The Ryder Group, LLC (“The Ryder Group”) to create and market packaging and shipping solutions for the industrial marketplace. Packaging products and solutions utilizing the isoBLOX® technology will be available for sale later this year.
Mr. Karl Ryder, a former executive with UPS and now CEO of The Ryder Group, explains, “The logistics industry continues to seek innovative solutions for protective packaging, in addition to addressing the challenges of reducing the financial burden associated with dimensional weight charges. In the US alone, protective packaging currently drives annual revenues in excess of $5.3 billion; the CAGR forecast for 2015-2019 is 4.8%. GAD weight (greater of actual or dimensional weight) is the billable weight a carrier will charge for a shipment, and dimensional weight effects almost a third of industry shipments, driving transportation costs upwards of 30-40%. We look forward to working with Pinwrest to develop innovative solutions around the isoBLOX technology to drive a more efficient shipping experience worldwide.”
“We are very enthusiastic about the opportunity to partner with The Ryder Group to deliver a new line of protective packaging and shipping solutions to companies on a worldwide basis,” said Bruce R. Foster, CEO of Pinwrest. “isoBLOX provides superior impact protection in a flexible, lightweight design and offers a major advancement in protecting products during transport. We are excited to work with The Ryder Group in developing innovative, cost-saving packaging solutions.”
The isoBLOX technology is formulated from flexible plastic plating that uses a combination of energy dispersion and energy absorption to diffuse impact. The hinged, hexagon-shaped, inter-connected plating deflects initial impact and then flexes to absorb residual force. This industrial application illustrates the versatility, value and potential of the isoBLOX® technology and its unique impact protection characteristics.
About Pinwrest Development Group, LLC
Pinwrest Development Group, LLC is the owner of the isoBLOX® technology, and the applicable Patents and Trademarks of the brand.
About 4Licensing Corporation
4Licensing Corporation (OTC Link: FOUR) is a licensing company specializing in new technologies, sports-oriented and youth markets, and specialty brands. Through its subsidiaries, 4LC has begun to forge new business relationships in the sports licensing industry, and in developing private label goods to be sold at retail or directly to consumers. 4LC licenses the merchandising rights to product concepts and properties, builds brands and develops ideas and concepts for licensing.
About The Ryder Group, LLC
The Ryder Group, based in Georgia, is a logistics and transportation consulting company with over 36 years of industry experience working with clients across the value chain of logistics and transport on projects that involved a wide range of scope and complexity. Experience and reach extend to many of the global leaders in freight and logistics worldwide.
Safe Harbor Statement
The information contained in this press release, other than historical information, consists of forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the Company’s actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. Readers are urged to consider statements that contain terms such as “may,” “will,” “should,” “believe,” “expect,” “project,” “intend,” “anticipate,” “plan,” or “estimate” to be forward-looking. Such risks and uncertainties include our ability to generate sufficient cash flow to operate as a going concern, including our ability to successfully derive significant product revenue from the sale of isoBLOX® related products; our ability to raise additional capital; and those other risks and uncertainties described in “Item 1A. Risk Factors” of our Annual Report on Form 10-K for the year ended December 31, 2014 and our subsequent reports filed with the SEC, as well as other factors. We do not undertake any obligation to publicly update any forward-looking statements, whether as a result of the receipt of new information, future events, or otherwise. You should independently investigate and fully understand all risks before making an investment decision.