Some slightly stale news, but I don't think it ws ever posted in full. Perhaps it will revive a little interest. Cheers!
1997-09-23 ÿÿ(provided courtesy of Canadian Corporate News)
Paige Innovations FlatPlug(R) Manufacturing Capabilities Increased To Meet Demand In Japan
TORONTO, ONTARIO--Paige Innovations Inc. the developers world-wide patent holders of the exclusive FlatPlug(R), the first
major redesign modification of the electrical wall plug in 75
years, announced today that Kawasaki Electric Wire Co., Ltd.'s
Manufacturing License Agreement in Japan has been expanded to
include five additional Kawasaki manufacturing sites in Japan, the
People's Republic of China and Thailand.
Says Alberto "P.G." de Sousa Costa, Ph.D. President & CEO of Paige Innovations Inc., "Today we witnessed in Tokyo the accomplishment of a significant milestone, one that has far exceeded our expectations. The Japanese market acceptance of FlatPlug(R) as the only wall plug that protrudes a mere 1/4" (6.35 mm) from the wall receptacle, as a natural choice for the Japanese market. A choice that has prompted Kawasaki to begin with immediate effect mass production of FlatPlug(R) in no fewer than five of its prestigious manufacturing plants across the Asia/Pacific region."
Both, Mitsui & C.O., Ltd. Paige's exclusive representatives in Japan and Kawasaki, have dedicated months of intensive research to ensure that FlatPlug(R) is positioned as a premiere high quality
plug, that offers consumers space saving, safety and aesthetic design features as never encountered before in the Japanese
market.
Alberto "P.G. " de Sousa Costa goes on to say "Kawasaki's decision to increase its substantial manufacturing capabilities for
FlatPlug(R) is not only a vote of confidence for Paige's efforts
over the last three years to open-up the Japanese market, but
more importantly, market response from both the consumer retail
and OEM markets in Japan".
Sales of FlatPlug(R) in Japan are expected to increase dramatically and Paige's management is confident that its sales
target of US$7 million world-wide are in the making.
The common shares of Paige Innovations are listed on the Toronto Stock Exchange under the trading symbol PAG.
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FOR FURTHER INFORMATION PLEASE CONTACT:
Paige Innovations Inc.
Alberto "P.G." de Sousa Costa
President & CEO
1-800-461-1648
(416) 932-8869 (FAX)
(416) 932-8822
pg@flatplug.ca (E-Mail) |
