Isolyser Announces Alliance and License Agreement With R.J. Hanlon
19 July 1999
Isolyser Announces Alliance and License Agreement With R.J. Hanlon Company, Inc.NORCROSS, Ga., July 19 -- Isolyser Company, Inc. today announced the signing of a Strategic Alliance and License Agreement with R.J. Hanlon Company, Inc. The Agreement provides Hanlon exclusive global conversion and distribution rights of lint free OREX(R) film covers currently under development for the automobile market. These covers will be used in the automated painting process of vehicle assembly plants. Utilization of the OREX(R) lint free covers will provide automobile manufacturing companies an opportunity for significant disposal cost savings through the use of the Isolyser environmentally friendly proprietary disposal technologies. Isolyser and Hanlon have filed a joint patent on the design of all types of film protective covers which may be used within the global automobile manufacturing markets. R.J. Hanlon has also been given non-exclusive rights for the distribution and sale of Isolyser's OREX(R) specialty wipes in the North American automotive industry. Mike Mabry, President of Isolyser's OREX Technologies International (OTI) business unit, commented, "OTI is continuing to add strategic partners such as R.J. Hanlon to develop new products and markets utilizing our OREX(R) Technology. In conjunction with the Hanlon Alliance, Delta Environmental will be providing services to incorporate the disposability of OREX(R) into these automotive applications." R.J. Hanlon Company, Inc., headquartered in Columbus, Ohio, is a privately held company manufacturing and selling custom-designed covers for the automotive industry for approximately 20 years. The company produces more than 2,500 different covers for automated paint robots and related sub-systems. Delta Environmental is an international, employee-owned, multi-disciplinary firm specializing in environmental consulting and project management services. Headquartered in St. Paul, MN, Delta has 18 offices in the United States and one in the United Kingdom and has worked extensively around the world in solving clients' environmental-related business problems, especially the processing and disposal of wastewater. This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements may be significantly affected by certain risks and uncertainties described in the Company's annual report on Form 10-K and elsewhere, including without limitation, the risks described in Risk Factors in the Company's Annual Report on Form 10-K for the period ending December 31, 1998. The Company's actual results could differ materially from such forward-looking statements. Isolyser has developed and manufactures OREX(R) Degradables, a series of ecologically safe products made from a thermoplastic, hot water soluble polymer that can be configured into an array of products such as woven and nonwoven fabrics, film, and thermoformed and extruded items. These products can be dissolved after use, in hot water in a specially designed OREX(R) processor similar to a commercial washing machine, for safe disposal through municipal sewer systems. The Company believes that its products provide protection to people and the environment while providing cost-effective solutions to the problems associated with waste reduction and disposal. The Company also manufactures infection control products.