Brownie's Marine Announces Initiation of Strategic Plan to Further Monetize the Value of its Patents and License Agreement Portfolios
FORT LAUDERDALE, Fla., May 1, 2012 -- Brownie's Marine Group, Inc. (OTCBB:BWMG), a leading developer, manufacturer and distributor of highly specialized dive and safety products, today announced strategic plans to further leverage its considerable portfolio of Intellectual Property Rights. Brownie’s currently holds ten patents and is a party to numerous license agreements covering new technology it has developed.
The Company’s NitroxMaker™ sales continue to make inroads into new retail locations and venues, and the Company believes its leading edge technology is proving to be in a “class of its own” at the end user sites. In order to more fully capitalize on its technology, the Company has begun launching its strategic initiative to inform the broader marine market and investing public about the intellectual property rights associated with this unique breathing gas production system, which it licenses. Several direct competitors do not have clear access to the technology; yet continue to offer what appear to be infringing devices for sale. As a result Brownie’s has initiated the first phase of asserting patent rights against those companies it believes is infringing on the Nitrox patents. Additionally Brownie’s will now step up the pace on educating the consumer base regarding the benefits of the fully licensed Nitrox Maker that it sells. The main Company web site now includes references to the various patents and license agreements that the Company holds, Brownie’s sales staff will begin integrating this value-added reference into proposals.
Please visit http://browniesmarinegroup.com/nitroxmaker-systems
and http://browniesmarinegroup.com/about-us/patents-and-licenses for an overview.
“We are confident that our market position will continue to improve as our sales efforts continue to educate the consumer and professional dealer base regarding the superior products and services we have invested in over the years.”, said Robert Carmichael, CEO of Brownie’s Marine Group and continued: “We understand the needs of professional dive centers, operators and yacht divers and strive to exceed their goals by implementing innovation. A heightened assertion of our intellectual property rights will assist at the sales and branding level.”
Mr. Carmichael further commented, “Our Patented Commercial Vessel Life Vest and Police, Waterborne Security, and Military Body Armor Flotation devices continue to occupy an unparalleled “one of a kind category” in terms of life saving performance as well. One of our near term goals is to assemble a complete marketing team to maximize the potential of these significant company assets. More on these devices can be seen at our website at: http://browniesmarinegroup.com/public-safety-life-jackets/kon-tiki-royal
About Brownie's Marine Group, Inc.
Brownie's Marine Group, Inc. and its wholly owned subsidiary, Trebor Industries, Inc., d/b/a Brownie's Third Lung, based in Fort Lauderdale, Florida designs, tests, manufactures and distributes recreational hookah diving, yacht based scuba air compressor and Nitrox Generation Systems, and scuba and water safety products. The Company sells its products both on a wholesale and retail basis and is comprised of three highly specialized dive product groups. The Company is an industry leading manufacturing and distribution company that serves middle income boat owners, higher income yacht owners, recreational divers, military operators and public safety personnel. The Company holds more than ten patents and enjoys a robust product development and intellectual property program that has yielded several proprietary products. Many of these products and innovations have become the "standard" for the marine industry. The Company is known for its meticulous devotion to detail, high quality production and design ingenuity. In the boating and diving community, Brownie's is known as the market leader when it comes to surface supplied "Third Lung" dive systems and Scuba Tankfill Systems for yacht-based diving. Brownie's products and support service divers at all levels of the underwater world, from shallow-water dive systems to deep-water mixed gas support systems for exploration divers and submariners.
In 2011, Brownie's introduced the first in a series of patent-pending Variable Speed Battery Powered Third Lung (hookah diving) devices engineered to conserve energy while delivering performance to the diver.
Except for statements of historical fact, the matters discussed in this press release are forward-looking. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "future," "plan" or "planned," "expects," or "projected." These forward-looking statements reflect numerous assumptions and involve a variety of risks and uncertainties, many of which are beyond the company's control that may cause actual results to differ materially from stated expectations. These risk factors include, among others, limited operating history, difficulty in identifying and marketing products, intense competition and additional risks factors as discussed in reports filed by the company with the Securities and Exchange Commission, which are available at http://www.sec.gov.
For more about Brownie's, http://www.browniesmarinegroup.com.
Robert Manuel Carmichael
Brownie's Marine Group
954-462-5570 x 202