RPM Plastic Pallet Design Revolutionizes Parts Handling in the Automotive Industry
PLAINFIELD, Ill.--Oct. 21, 2003--RPM Technologies Inc. (OTC BB:RPMM) announced today that it has received an initial order from one of the nation's leading automobile manufacturers for a specially designed plastic pallet that is being used for moving parts through its assembly stations. RPM reported that after considerable analysis and product-use trials the final design was accepted and lauded by plant engineers and their material handlers."The problem was damage to parts, such as doors, as they moved through the assembly process," said Randy Zych, CEO of RPM Technologies. "We designed a rubber-impregnated plastic pallet that keeps metal from directly contacting a hard surface such as plastic or wood, which can cause scratches and abrasions requiring repair or refinishing. Rubber strips were molded into the pallet's surface, enabling a half-inch rise, which prevented damage and saved the manufacturer time and money."
The automaker evaluated the product and its effectiveness for several months as RPM helped with refinements and testing. "With the success of this pallet design we expect the resulting product to find acceptance within a myriad of other manufacturing environments as well," said Zych.
RPM Technologies manufactures plastic pallets and other material-handling products featured on its Web site www.rpmplasticpallets.com. The company has positioned itself as a material-handling specialist, poised to find solutions for its many customers' material-handling problems. RPM has many Fortune 500 customers, providing them with superior products at competitive prices.
In addition to the automotive industry, RPM sells its products to food manufacturers, distribution centers, steel companies and a variety of shippers in the United States, Canada and South America.
Statements in this press release about the company's future expectations, including the rate of growth of the plastic pallet market, and all other statements in this release other than historical facts, are "forward-looking statements" within the meaning of Section 27 A of the Securities Act of 1933, Section 21 E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. It is important to note that actual results and ultimate corporate actions could differ materially from those in such forward-looking statements based on such factors as changes in consumer demand, satisfaction or desire for our products for a variety of reasons. Such "forward-looking statements" are subject to risks and uncertainties set forth from time to time in the company's reports filed with the SEC including its report on Form 10-KSB for the year ended Dec. 3, 20031, 2002 and Form 10-QSB for the quarter ending June 30, 2003 and others.