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Forward Signs Global Exclusive Partnership With DriPadz - The Waterproof IPad Case Company

Stocks in this article: FORD

Forward Industries, Inc. (NASDAQ:FORD), a leading global provider of mobile technology solutions, today announced that it has entered into a global exclusive partnership with DriPadz, LLC, a designer of patent-pending waterproof protective solutions for consumer electronics devices, including the iPad.

The partnership provides Forward with a global exclusive license to sell Forward-branded products under the LifeJacket™ brand name, that incorporates DriPadz’ cutting edge technology, to consumer electronics retailers, original equipment manufacturers, and business-to-business channels.

Brett M. Johnson, Forward’s President and Chief Executive Officer, commented: "Our strategy is to aggregate a diversified portfolio of intellectual property partnerships focused on the consumer electronics accessory market and defined by leading technology. Our partnership with DriPadz is further proof of our execution of such strategy and follows on the heels of our recently announced partnerships with G-Form, Annex Products, and ClearPlex.”

DriPadz’ extreme environment, waterproof, iPad cases are designed to provide a completely airtight, germ free environment, that protects an iPad from all the elements, including a few man-made ones such as a spilled soda or bowl of cereal. Its IPX-7 and military (MIL-STD-810G) certified design utilizes stainless steel hinge pins, aluminum mounting brackets, and all non-corrosive materials, setting a new precedent in iPad protection.

Mr. Johnson continued, “As tablet PCs penetrate the education, medical, industrial and commercial markets, users of these devices are seeking a waterproof protective solution that can withstand the harshest conditions. We believe the LifeJacket™ waterproof case addresses this market opportunity and are encouraged by the response that we are receiving from our current and prospective customer base.”

James Klement, DriPadz Founder and President, commented: "Our partnership with Forward is opening a realm of possibilities for the worldwide success of our products into a proven distribution channel. We considered several partners to trust with our distribution and to help us leverage our intellectual property and we are confident that Forward is the perfect choice.”

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