N E W S !!!!
finally, signs of life....
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Wednesday April 22, 1:39 pm Eastern Time
Company Press Release
SOURCE: American Tire Corporation
American Tire Corporation Announces New Technology
RAVENNA, Ohio, April 22 /PRNewswire/ -- American Tire Corporation [OTC BB:ATYR - news] announced it has completed the
development of a new concept and technology for the manufacture of a flat free Urethane non-pneumatic tire. The new product is
unique in its ability to provide the key desirable characteristics of a pneumatic rubber tire such as rolling resistance and softness of
ride and maintain the good characteristics of the non-pneumatic tire such as being flat free, maintenance free, easy to mount and
improved tread wear. Marcy Janus, American Tire Corporation's Manager of Sales, says our major customers are on edge just
waiting for this product. Roger Fleming, President and Richard Steinke, Chairman of the Board, who are handling the equipment and
startup financing for American Tire Corporation, have indicated this tire could hit the market by June of 1998. Jim Moore, who is
responsible for American Tire Corporation's molding and processing operations, says the chemistry and processing specifications
necessary to make this unique product are complete and only the processing equipment expected in early May 1998 are required to
begin production. Derek Bowers, who heads American Tire Corporation's engineering, says this new and unique tire which is
designed to operate in many ways similar to a belted hoop found in a radial passenger tire but without the belt will have rolling
qualities substantially equal to a pneumatic tire. Derek says this is really a unique and significant technical advance in
non-pneumatic foam bicycle tires.
Roger Fleming says patents are now being filed on this product. The new financing packages to support the move from a
pre-production company to production of this new technically advanced product will start becoming available in May of 1998. |
