Forward Industries, Inc. (NASDAQ:FORD), a consumer electronics accessories company, announced today it has entered into an exclusive license agreement with G-Form, LLC. Forward specializes in taking innovative intellectual property and accelerating its adoption in the marketplace. G-Form designs cutting edge protective solutions for consumer electronics devices, including such products as the Extreme Sleeve™ for iPad and the Extreme Sleeve™ for Laptops.
The partnership provides Forward with a global exclusive license to sell Forward-branded products incorporating G-Form’s RPT™ - Reactive Protection Technology, to consumer electronics retailers, original equipment manufacturers, and into other business-to-business channels. In addition, the Agreement enables Forward to sell G-Form branded products into Forward’s territory.
Brett M. Johnson, Forward’s President and Chief Executive Officer, commented: "Our strategy is to leverage our design, logistics, and sourcing expertise to build a global, multi-channel (retail, corporate, online, as well as OEM) consumer electronics accessory brand that defines itself through leading edge technology. Our exclusive global partnership with G-Form’s extensive patented protection technology is the cornerstone of our strategy to accelerate innovation in the consumer electronics market. We are confident that this partnership with G-Form will be the first of many in a broadly diversified portfolio of partnerships focused on the consumer electronics accessory market and defined by leading technology.“
G-Form's Extreme Sleeve™ for iPad and Extreme Sleeve™ for Laptops are composed of RPT™ - Reactive Protection Technology, a combination of PORON XRD material and proprietary G-Form technology and design. The RPT™ absorbs more than 90 percent of the energy of an impact and stiffens to act like armor resulting in an unprecedented level of protection for laptops, iPads and other tablets. A video demonstration is available at http://g-form.com/technology/.Mr. Johnson continued, “In all my years in this industry, I have never seen anything like G-Form’s line of Extreme Sleeves™. The technology is truly revolutionary and has impressed every customer to whom we have demonstrated its protective qualities.”