Permanent Technologies, Inc. Recruits Thirty-year Industrial Fastener Manufacturing and Sales Veteran, Frederick Barry II, as Senior Advisor and Board Member, & President
Frederick Barry II, an executive with over thirty years of manufacturing experience in the fastener industry, will join Permanent Technologies as Senior Advisor/President: Mr. Barry’s mandate is to further develop the company’s manufacturing, design and engineering capabilities and to identify new sales opportunities for the TineLok™® Vibration Proof Fastening System
HUNTINGTON, NY – October 2013 – Permanent Technologies, Inc. (Pinksheets: PERT.PK) announced that Frederick Barry II, a senior executive with hands-on experience in manufacturing, production control and selling in consumer and industrial fasteners, has agreed to join the company as Senior Advisor/President.
“I’m truly excited about joining Permanent Technologies,” said Mr. Barry. “The TineLok™® vibration proof fastener is an incredible product that I believe will make a massive positive impact on the reliability, maintainability and overall cost of manufactured goods.”
Mr. Barry spent most of his career helping build smaller companies in the nut and bolt industries into viable, sustainable successful companies. He brings crucial skills Permanent Technologies has been seeking to help TineLok™® gain wide acceptance across various market segments.
“We have been looking to round out our team with an executive-level resource that brings a manufacturing and sales background along with engineering knowledge. We believe by internally developing these key functions we will be able to generate immediate sales into the company,” stated Patrick Tremblay, CEO of Permanent. “We’re confident Mr. Barry has the capabilities, contacts, and industry knowledge to achieve great things for our company.”
Prior to joining Permanent Technologies, Mr. Barry spent twenty-six years with Standard Lock Washer & Manufacturing Company. He is also the third generation of his family with a career in the fastener industry. Collectively he and his family have over ninety years’ experience building successful companies in this sector.
“TineLok™® is truly a standout product that has the ability to forever change the industrial fastener market. And we believe with Fred Barry on our team TineLok™® will become the standard for any fastening application where vibration is an issue,” added Mr. Tremblay.
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. Both TineLok™® and Universal Lok™® are trademarks of Permanent Technologies, Inc. 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.
Permanent Technologies, Inc.
Fred Barry II