Gasport NY- Product development firm licenses invention to NYSE CompanyDesign Concepts of Niagara Ltd. a Gasport, New York based product design and development company recently licensed a patent pending storable cargo trailer named Tow-N-Stow to Goshen Indiana based Lippert Components Inc. (LCI). A worldwide manufacturing and marketing agreement grants LCI exclusive rights to produce the innovative consumer duty cargo trailer. Distribution is planned for the home improvement and sporting goods markets late 2008.
The Tow-N-Stow’s most innovative feature is its ability to convert from a cargo trailer into an outdoor storage unit in less than 1 minute. The trailer conversion allows for aesthetic storage in environments where a traditional cargo trailer would not be practical. The body will utilize a revolutionary thermoplastic polyolefin material (TPO), a high impact plastic developed for automotive and military applications. The 50 cu. ft. capacity body will employ a self dampening torsion axle and steel chassis produced entirely in the US at Lippert’s manufacturing sites.
“Rising gasoline prices and a softening economy provide LCI with a great opportunity to capitalize upon the growing demand for lightweight consumer trailers utilizing our existing manufacturing capacity”, according to Jason Lippert, CEO of Lippert Components Incorporated. Arnie Wolfe, President of the development firm states, “We have designed an extremely durable lightweight and low profile cargo trailer that will have the capacity to haul 1000 pound
s behind a small vehicle. The Tow-n-Stow’s unique features will provide users with an alternate to large costly SUV’s and light trucks by providing additional hauling space when needed and a useful storage option suitable for residential areas when not, that makes the Tow-N-Stow not only practical but ‘green’”.Lippert Components, a subsidiary of Drew Industries, a $700 million NYSE company (DW) is a major supplier of manufactured home, recreational vehicle and utility trailer components. Established in 1956, LCI’s state of the art fabrication operations and environmentally friendly powder coating technologies produce over 15,000 towable RV chassis per month with plants covering 15 states with additional facilities in Canada. Introduction of the Tow-N-Stow provides LCI with a consumer product that serves to add more market sectors with a large worldwide potential.
News Release courtesy Arnie Wolfe 716-514-4311 info@tow-n-stow.com www.tow-n-stow.com
