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PROFILES
Welcome to our comprehensive profile on Spongetech Delivery Systems, Inc.
(OTCBB: SPNG)
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TECHNOLOGY
They entered into a license agreement on July 1, 2001 for patented technology relating to hydrophilic polyurethane matrices on an exclusive basis. The technology is owned by and licensed from H.H. Brown Shoe Technologies, Inc., (d/b/a Dicon Technologies), a majority-owned subsidiary of Berkshire Hathaway, Inc. which owns the patent rights. Their license applies to the cleaning and polishing of land, sea and air transportation vehicles. They have an oral understanding but no written agreements with Dicon that would permit them to develop products using the same sponge technology in other areas, including household cleaning and personal care.
Their license is based on the discovery that if a sponge incorporating the hydrophilic matrix is filled with detergents and waxes, the matrix would retain these cleaning and polishing agents and could only be released when the sponge is squeezed. Thus, soap or wax could be retained for many uses and the sponge could be rinsed after use without losing the cleaning agent or wax.
Hydrophilic Polyurethane Matrices - Non-absorbent sponge-based technology that allows active product ingredients to become imbedded in the Sponge - the package.
- Patented Non-absorbent sponge-based technology that allows active product ingredients to become imbedded in the Sponge (Hydrophilic Polyurethane Matrices )
- Does not absorb water
- Bonds dehydrated, active ingredients into the sponge allows effective release during use with the application of pressure and water
- Anti-bacterial / 99% Germ Free
- Environmentally friendly Green
- Easy consumer use and application, easy storage
- More effective and efficient application by consumers more value
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