PERT Permanent Technologies Inc (CE)

Permanent Technologies, Inc. (PERT.PINK) announced that its TineLok Vibration-Proof Fastening System will be specified for use by United States Navy�s on their Hovercraft, the Landing Craft, Air Cushion (LCAC). New specification by the Navy requires TineLok to be used on the new skirt design for the LCAC vehicle. The LCAC is a high-speed, over-the-beach fully amphibious landing craft, used to transport heavy cargo and personnel. These craft give the U.S. Military additional options for crossing difficult terrain and expands potential landing zones. TineLok fasteners will be installed on the Hovercraft skirt, a main component needed to generate the enormous thrust and power required to lift and maneuver the craft. This is also an area that takes considerable operational damage and requires ongoing routine maintenance to keep the LCAC running properly. �The Hovercraft skirts present a two-fold problem. The skirts are exposed to harsh environments on land and sea, as well as extreme vibration from the thrust needed to lift and power the LCAC. When the skirts tear they must be replaced for the Hovercraft to operate efficiently� says Loren Ball, President and CEO of Permanent Technologies, Inc. �Historically large sections of the skirt had to be replaced for even minor damage, however with the Navy�s new skirt design which will specify the TineLok Fastening system for this critical component, the repair, replacement, and maintenance will be faster, safer, and less costly than ever before.� 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.