Forward Industries, Inc. (NASDAQ:FORD), a leading global provider of
mobile technology solutions, today announced that it has entered into a
global exclusive license agreement with ClearPlex, LLC to sell
Forward-branded products incorporating ClearPlex's patented glass film
protection technology, to consumer electronics retailers, original
equipment manufacturers and into other business-to-business channels.
Brett M. Johnson, Forward's President and Chief Executive Officer,
commented: "Our strategy is to leverage innovative intellectual property
to build a global, multi-channel (retail, corporate, online and OEM)
consumer electronics accessory brand that defines itself through leading
edge technology. A perfect example of our execution of this strategy is
our partnership with ClearPlex and its patented protection technology,
which further extends our portfolio of intellectual property
partnerships focused on the consumer electronics accessory market."
ClearPlex Advanced Touchscreen Protection Film is a patented plastic
film with a unique SR-coating that is applied to a glass surface and
designed to protect the glass from being broken when impacted.
Furthermore, it allows 98% visible light transmission compared to that
of plain glass, yet rejects 99% of ultra-violet rays from the sun.
ClearPlex originally developed its film to protect the windshields of
race cars and off-road vehicles from high speed impacts of road debris
at as much as 120 mph. However, ClearPlex and Forward believe that this
same, patented technology is a perfect solution for protecting
electronic touchscreens. Independent laboratory testing has shown that
ClearPlex film offers a clearer viewing experience, a smoother tactile
surface finish and a stronger impact resistant technology than the
leading touchscreen protectors on the market. As such, ClearPlex is the
clear choice for protecting smartphones, electronic tablets and readers,
and any large touchscreen device.
Mr. Johnson continued, "In all my years in this industry, I have never
seen anything like ClearPlex's protection film. The technology is truly
revolutionary and has impressed every customer to whom we have
demonstrated its optical superiority and protective qualities."
Peter Jensen, ClearPlex's President, commented: "We were approached by
several potential partners to help us expand our reach. Forward's
distribution strength and financial partnership approach impressed us
the most. With the superior attributes of our film, along with the sales
and marketing strength of Forward, we are confident that ClearPlex will
make a considerable impact in this category."
Forward's initial range of ClearPlex branded products will include
screen protectors for smartphones such as the iPhone and Android
devices; electronic tablets and e-readers such as the iPad, Kindle and
Nook; and Laptop computer screens such as MacBook.
About Forward Industries
Forward Industries, Inc. (NASDAQ:FORD), founded in 1961, is a leading
global mobile technology solutions Company that leverages strategic
intellectual property partnerships to provide unique and innovative
products. For more information about Forward Industries, visit www.forwardindustries.com
About ClearPlex LLC
the pioneer in windshield protection film, brought its proven technology
from the automotive industry into consumer electronics, offering the
most advanced touchscreen protection on the market. Using patented
technology, ClearPlex has defined the concept of invisible protection
for many kinds of glass used by consumers, retailers and manufacturers.