Beacon Equity Research Featured Company: SpongeTech Delivery Systems Inc. (SPNG.OB)
Source: http://Blog.QualityStocks.net/?p=13061Posted on Wednesday, October 22nd, 2008 | In Small & Micro Cap
SpongeTech Delivery Systems Inc. trades on the OTCBB as part of the Cleaning Products industry in the Consumer Goods sector. They have their headquarters in New York City. The company focuses on the design, production, marketing, and distribution of cleaning products for household and vehicular use utilizing patented technology relating to their hydrophilic sponges. Their Patented Super Absorbent Polymer (SAP) Technology allows their customers to clean items while saving time and money by not having to use an assortment of buckets, solutions, mixes, clothes, wipes, soaps, and waxes. SpongeTech’s sponges are also biodegradable.
SpongeTech’s Auto Wash & Wax System uses the company’s proprietary, patent (and patent-pending) technologies that involve hydrophilic (liquid absorbing) foam and polyurethane matrices. These sponges have an outer contact layer and an inner matrix. The inner matrix comes pre-loaded with specially formulated soaps and wax. These soaps and wax release when the sponge becomes wet and the user wipes a surface with minimal pressure. Therefore, there is no constant refilling of buckets with soap and clean water.
Their current product lines are for car care, home care, and pet care. SpongeTech is always looking for other uses for their technology. Their newest product is an anti-bacterial, kitchen and bath cleaner. They also have their unique ‘foaming’ bath sponge for children. This child bath toy contains hypoallergenic soap and is good for up to eight washes per bath sponge. It was designed for children three years of age and older.
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Beacon Equity Research Featured Company, car care, Message Board, New York City, Small & Micro Cap, SpongeTech Delivery Systems Inc, technology relating
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