SAN ANTONIO, August 27 /CNW/ - XPEL Technologies Corp. (TSXV:DAP.U)
announced today that it has secured the patent issued by the U.S. Patent and
Trademark office under patent number 7,079,916 relating to the remote design
and production of vehicle protection products, which can be delivered over a
communications network. A vehicle is defined as a car, boat, plane,
motorcycle, custom coach, RV, and virtually all modes of transportation. The
manufacture of a product is typically completed by a plotter or cutter, or any
similar device to produce products from materials in roll or sheet form, such
as a flexible urethane or PVC film.
XPEL Chief Executive Officer, Steven J. McAuley, stated, "By securing
this patent, XPEL has further solidified itself as the industry leader in
vehicle surface protection. Simply put, the utilization of XPEL's exclusive
patented design and delivery capabilities facilitates the conversion of a roll
of raw material into a saleable product." Mr. McAuley further added, "This
patent undoubtedly enhances the XPEL value proposition and will attract more
product installers, vehicle dealerships and customers to the XPEL business.
This intellectual property asset will provide XPEL and its partners a greater
competitive advantage in the marketplace, and may present opportunities to
generate additional licensing revenues going forward."
XPEL Technologies Corp. is the worldwide leader in the electronic
delivery of automotive aftermarket products, utilizing the Internet as an
integral component for its design, manufacturing, distribution and customer
relationship strategies. The Company's DAP software utility offers Dealers the
industry's most efficient and productive tool set to better serve customers
with "best-in-class" solutions in real time. XPEL has clear advantages over
the competition through its expansive proprietary library of
installation-friendly paint and headlight protection and window tint products,
coupled with a patented Internet-based remote manufacturing and distribution
software, superior installation training curriculum and world-class
facilities, with established and growing sales channels.
The TSXV has not reviewed and does not accept responsibility for the
adequacy and accuracy of this information.
For further information:
For further information: XPEL Technologies Corp., San Antonio Craig K.
Clement, 210-678-3716 Senior Vice President email@example.com www.xpel.com