Crush Innovative Sports Systems Inc. issued patent.LOS ALAMITOS Los Alamitos (lôs ăləmē`təs, lŏs), city (1990 pop. 11,676), Orange co., NE of Long Beach, S Calif., in a suburban area; inc. 1960. Los Alamitos Racetrack and U.S. military installations are nearby. , Calif.--(BUSINESS WIRE)--Jan. 16, 1997--Crush Innovative Sports Systems Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:PCIE See PCI Express. ) on Thursday announced that it has received US Letters Patent An instrument issued by a government that conveys a right or title to a private individual or organization, including conveyances of land and inventions. Although Article I, Section 8, Clause 8, of the U.S. No. 5,588,862, which patents Crush's unique fastening technology. After three years of technical discussions with the US Patent and Trademark Office, Pacific International Enterprises Inc. has been awarded an extremely broad "locking mechanisms" invention not limited to any specific constructions or arrangements. The patent will be applied to numerous industries, including fastening systems related to snowboarding snowboarding: see under skiing. snowboarding Sport of sliding downhill over snow on a snowboard, a wide ski ridden in a surfing position. Derived from surfing and influenced also by skateboarding as well as skiing, snowboarding began to burgeon , in-line skates Skates may refer to:
Richard Perkins Richard Perkins is the former Speaker of the Nevada Assembly. Born in Boulder City, Nevada he became a police officer, eventually rising to become the Chief of Police in Henderson, Nevada. , president and chief executive officer of Crush Innovative Sports Systems stated: "The long term beneficial financial impact to the company due to this patent is overwhelming. In the past, every time Crush has developed a new product, the company would have to apply for a product specific patent, resulting in a wait time of up to two years. Due to this new patent, Crush's ability to license patented products in various industries has just been made very simple. Now, each product produced will be marked in production and protected by the patent for seventeen years. More importantly, the products will be made available for immediate release into the retail sector. "In addition, most large corporations will not review a product developed by an outside source without an issued patent," Perkins continued. "With the issuance of US Patent No. 5,588,862, Crush now has the ability to legally protect newly licensed intellectual property in an instantaneous manner. Crush now has a tool with this patent to develop, produce and bring to market new technologies in a much quicker time frame than in the past. We believe that this will allow us a significant edge over our competitors when introducing our innovative sports related products." CRUSH Innovative Sports Systems Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Pacific International Enterprises Inc. develops sports related products, based on its proprietary "quick release" fastening technology, for rapidly growing markets, including snowboarding and in-line skating. CRUSH products address the deficiencies of current products by providing superior levels of performance, comfort and convenience. CONTACT: Woodbridge & Associates 800/824-4011 or Pacific International Enterprises Inc. 714/816-0200 |
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