Majic Wheels, Inc. (MJWL.OB) Investigates Security and Military Applications for its Patented Adhesive Technology
Source: http://Blog.QualityStocks.net/?p=16388Posted on Monday, July 20th, 2009 | In Market Commentary, Small & Micro Cap
MajicWheels Inc., a leading developer of gravity defying remote-controlled toy cars, announced this morning that the company is investigating additional applications in the areas of security and military for its patented climbing device technology.
Currently, MajicWheels holds the rights for two patents: a fully-approved patent in Israel and a similar patent-pending application in the U.S. The company’s patented technology enables remote-controlled cars to navigate a diversity of surfaces, including those that are steeply inclined, completely vertical, or even inverted.
“MajicWheels technology is now being studied for its use in various fields,” stated MajicWheels CEO Asher Zwebner. “The adhesive already enables us to make great toys, and we believe that the climbing capabilities of our remote-controlled cars can eventually be utilized throughout several other areas. In particular, we are now studying the use of the adhesive to aid in security applications for buildings and reconnaissance gathering military applications.”
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