Covers millions of units of new anchoring-screw products
BROOKLYN, NEW YORK, UNITED STATES, December 30, 2020 /EINPresswire.com/ — Eve Ventures LLC (EVE), Brooklyn, New York, today announced it has licensed its innovative anchoring-screw technology to National Express, Inc. (NEI), of Norwalk, Connecticut. The agreement covers manufacturing, distribution, and sales of wood screws based on EVE’s TiPSTM technology (patent pending). Initial agreement terms include two-year license, licensing fees, and royalties on potentially millions of screw made and sold.
“NEI, with its manufacturing and distribution relationships, will be able to meet what we believe will be significant demand for these products,” added Rick Kelly, vice president at NEI.
All existing anchoring screws comprise two parts – anchor and screw – and a two-step process whereby the anchor is first inserted in a suitable hole and then the screw is inserted into the anchoring fixture.
“With TiPS-based screws, the anchor and screw are a single entity. Instead of two parts and two procedures, a single TiPS screw acts as both anchor and screw,” explained Adam Tannenbaum, EVE’s chief technologist and inventor, located at EVE’s research and design center in Israel.
Tens of millions of anchoring screws are sold each year for applications involving mounting objects to dry-wall panels and for attaching cabinet-door hinges to wood cabinets, for example. Furthermore, anchoring screws are often used to repair cases where wood screws loosen up due to wood aging and drying.
EVE Ventures LLC invents solutions to problems in passenger and pedestrian safety as well as other application areas.
NEI manufactures, distributes and sells innovative products worldwide
EVE Ventures LLC
Source: EIN Presswire