Acme United Corporation (NYSE Market: ACU) today announced that it has been awarded a new titanium coating patent.
The patent is US 8,245,407B2 issued by the U.S. Patent and Trademark Office. It covers a broad range of titanium coating compositions and thicknesses which enhance the wear resistance and hardness of cutting edges. International patent applications have been filed.
Walter C. Johnsen, Chairman and CEO said, “I am pleased that Acme United has been awarded this new utility patent. It strengthens our patent portfolio, and provides additional proprietary technology to enhance the performance of our cutting tools and implements.”
Mr. Johnsen added that the Company intends to utilize the next generation titanium technology on its high volume scissors, pencil sharpeners, paper trimmers, and knives on a global basis.ACME UNITED CORPORATION is a leading worldwide supplier of innovative cutting, measuring and safety products to the school, home, office, hardware and industrial markets. Its leading brands include Westcott®, Clauss®, Camillus®, Physicians Care® and Pac Kit®. Forward-looking statements in this report, including without limitation, statements related to the Company’s plans, strategies, objectives, expectations, intentions and adequacy of resources, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, without limitation, the following: (i) the Company’s plans, strategies, objectives, expectations and intentions are subject to change at any time at the discretion of the Company; (ii) the impact of current uncertainties in global economic conditions and the ongoing financial crisis affecting the domestic and foreign banking system and financial markets, including the impact on the Company’s suppliers and customers (iii) currency fluctuations (iv) the Company’s plans and results of operations will be affected by the Company’s ability to manage its growth, and (v) other risks and uncertainties indicated from time to time in the Company’s filings with the Securities and Exchange Commission.