Oryon Technologies announces EL product marketing agreement with e-tailer Sparkfun Electronics
ELastolite® enters on-line catalog and global distribution network
DALLAS, Aug. 15, 2013 /PRNewswire/ -- Oryon Technologies, Inc. ( OTCQB : ORYN ), a creator of innovative next-generation wearable lighting technology marketed under the ELastoLite® brand, has signed a product marketing agreement with Sparkfun Electronics to make unique electroluminescent (EL) technology samples more broadly available to wearable technology inventors and developers.
Oryon's patented EL technology creates advanced elastomeric lighting material that is flexible, crushable and water-resistant among other properties. ELastoLite® enables thin durable lighting systems that can be applied to textiles or molded onto plastics and other substrates, enabling smart fabric and wearable technology applications unattainable with conventional lighting systems.
Founded in 2003, Sparkfun is an online retail store that sells over 1,800 components for DIY electronics projects. "Sparkfun helps customers discover their inner inventor," said Dia Campbell, Sparkfun Electronics Techstyle Specialist. "We recognized Oryon's ELastoLite® as the type of innovation that would appeal to our customer base, and wanted it on our storefront as quickly as possible."
Beginning late August, consumers and developers can get ELastolite® starter kits consisting of EL lamp, circuitry, inverter, connectors and battery pack from the Sparkfun Electronics online catalog (www.sparkfun.com) as well as through the 380 distributors in the 65 country Sparkfun global network. The company is based in Boulder, Colorado.
"ELastolite® inspires innovation, and this agreement helps us meet increasing demand for product," remarked Dan Gulden, Oryon Vice president, Global Business Development. "We typically work with major manufacturers and product development teams, yet recognize there's ELastoLite® interest wherever there's creativity. ELastoLite® offers Sparkfun customers lighting design flexibility for active lifestyle, fashion or entertainment concepts. We can't wait to see what ideas emerge."
Oryon Technologies, Inc. ( OTCQB : ORYN ) is a research, development and applications engineering company that has developed multiple patents relating to electroluminescent ("EL") lighting (trademarked as "ELastolite"). ELastolite® enables thin, flexible, crushable, water-resistant lighting systems which can be incorporated into a wide range of applications such as safety apparel, sporting goods, consumer goods and membrane switches, among others. The market opportunity includes outerwear, industrial safety, municipal safety, military, athletic apparel, men's, women's and children's clothing, shoes and gear. Find out more at www.oryontech.com. View the ELastolite® product presentation video: www.oryontech.com/investors/presentations.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27(a) of the Securities Act of 1933, as amended, and Section 21(e) of the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, reference to new technologies and sales methods as well as financial projections for the size of the market. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Form 8-K, as amended, dated May 4, 2012 and our Annual Report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
SOURCE Oryon Technologies, Inc.
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