Pinwrest Signs Multi-Year Licensing Deal for Use of isoBLOX Technology in Industrial Packaging
Pinwrest Development Group announced it has entered into a multi-year licensing agreement with 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.
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 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.
Pinwrest Development Group is the owner of the isoBLOX technology, and the applicable patents and trademarks of the brand.
“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 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,” added Karl Ryder, CEO of The Ryder Group, a logistics and transportation consulting company. “We look forward to working with Pinwrest to develop innovative solutions around the isoBLOX technology to drive a more efficient shipping experience worldwide.”
In the U.S., protective packaging currently generates annual revenues of over $5.3 billion. The projected growth rate for 2015 to 2019 is 4.8 percent, according to Ryder.