You've suggested this before. How can you say the deal is smoke and mirrors? READ the press release. It was a JOINT release with Scott. There's even a contact person from Scott mentioned in the release. I don't know how much more definitive it can be that there is a real, tangible deal.
Here's the release.....
Exciting New Partnership for Both Companies
FOR JOINT RELEASE: May 7, 2008 Scott Health & Safety and Grayling Wireless USA, Inc. (GRYW: PK) today announced that they have entered into an OEM agreement for the marketing of Grayling’s ClearCalm wireless communication system for first responders.
The OEM agreement provides Scott with the right to sell ClearCalm under its own brand. Scott will have exclusive use of ClearCalm technology for respiratory protection devices including, open-circuit SCBA and negative pressure respiratory protection devices, powered air purifying respirators, and self-contained air-line breathing apparatus (SABA) with exclusive territory rights in North America, including US territories, and non-continental US, United Kingdom, Australia and New Zealand. Scott will also have non-exclusive technology rights in the closed-circuit SCBA and re-breather markets and right of first refusal for future technology enhancements and development in the defined markets and territories. The deal is for two years with a renewal option.
Tom Korb – Scott’s North American Fire Service Marketing Manager, stated "We are pleased to be entering this partnership with Grayling Wireless USA, and offering their innovative ClearCalm communications technology to our customers. Scott continues its commitment to enhancing our communications product offerings, and delivering superior, innovative solutions that assist our customers in meeting the increasing demands of their mission critical roles"
Grayling CEO Jeff Love said, “On behalf of all shareholders and employees we would like to express our appreciation to the Scott Health & Safety team for choosing to partner with us and our technology. This represents a significant milestone in our company’s history and we look forward to working closely with our new partner to build a bright and prosperous future together”.
About GRYW:
Grayling, based in Calgary, Alberta, is an innovator and integrator of emerging technologies. Our goal is to seek out and evaluate growth opportunities, including mergers and acquisitions that add incremental shareholder value, extend the company's market share and add to its technical competencies. Grayling will continue to bring market-ready technologies and services to its markets. For further information, visit http://www.gryw.com ; www.clearcalm.com ; www.stonemountainltd.com
About Scott Health & Safety
Scott Health & Safety is a premiere manufacturer of innovative respiratory and other personal protective equipment and safety devices for firefighters, industrial workers, police squads, militaries, homeland security forces, and rescue teams around the world. With five global manufacturing locations, Scott produces products that protect thousands of individuals each day from environmental hazards including smoke, toxic fumes, combustible gases, falling objects, and contaminants. The Scott product line includes self-contained breathing apparatus, supplied air and air-purifying respirators, gas detection instruments, thermal imaging cameras, and firefighter locators. For further information, visit www.scotthealthsafety.com.
This press release contains forward-looking statements within the definition of section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities Act of 1934, amended. These forward-looking statements should not be used to make an investment decision.
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For further information contact:
For Grayling:
Jeff Love
Chief Executive Officer
Grayling Wireless USA, Inc.
P: 403.695.3665
jeff.love@gryw.com
For Scott Health & Safety
Daniel McKinney
Marketing Communications Manager
Scott Health & Safety
P: 704-291-8300
AGORACOM Investor Relations
http://www.agoracom.com/ir/grayling
GRYW@agoracom.com
