Padtech AS Announces Matthew Grimaldi as President of North American Operations

    /24-7PressRelease/ - LEBANON, NJ, March 16, 2007 - Padtech has developed and patented a novel device for the application of liquid and viscous products, for the medical, over-the-counter, cosmetic, personal care, household chemical, and fragrance industries. Padtech's applicator technology, in the form of a portable disposable pad and pocket combination, allows the consumer to apply the active onto any surface, without coming into direct contact with the active. This avoids the staining of the hands or any contamination of the application site. According to Matthew Grimaldi, newly appointed president of North American operations for Padtech, "It's more than a matter of keeping the consumer's hands clean and dry. Our technology allows for the active to be packaged and marketed as a single-use, user-friendly and on-the-go application. The Padtech application system ensures a precise dosage of an active, with very limited waste of active ingredients. Our technology also allows for a wide flexibility in the overall configuration of the pad as well as many different pad texture options."

Grimaldi sees unlimited possibilities for Padtech applicators across many major marketing companies in North America. "Our applicator pads will not replace bottles and tubes," says Grimaldi, "but they do provide an economic, long-anticipated, alternate means of application for anything that comes in a liquid or viscous form. Their introduction in the North American marketplace will result in new uses and line extensions for dozens of products, across many different brands."

Grimaldi intends to draw on nearly three decades of packaging and product development experience to aggressively introduce Padtech to the North American manufacturers who will benefit most from Padtech's technology. Padtech specifically chose Grimaldi to head its North American operations because of his broad packaging experience, encompassing everything from concept development to manufacturing and distribution. Throughout his career, Grimaldi has been responsible for the introduction and distribution of many groundbreaking products within the packaging arena. In the process, he formed strategic alliances with major contract packagers and negotiated long-term supply contracts with many Fortune 500 companies.

Grimaldi will be based out of Padtech's new North American headquarters in Lebanon, New Jersey.

According to an official announcement by Padtech, licensing agreements are currently available with owners of well established brands in all major application categories.

Padtech AS, a Norwegian-based company, strives to ensure continuous product development, and deliver new, innovative packaging solutions worldwide. For more information, visit www.padtech.no or www.padtech.us


For more information on Padtech's products and services, contact:

Matthew S. Grimaldi, President
Padtech AS
148 Main Street
Suite A-4
Lebanon, NJ 08833
Tel: (908) 437-6155
Fax: (908) 437-6157
E-mail: [email protected]
www.padtech.no


For press information, contact:

Trish Hamer
Delia Associates
Tel: (908) 534-9044
Fax: (908) 534-6856
E-mail: [email protected]
www.delianet.com

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