News | October 18, 2007

Ocean Tomo Engaged To Sell Patented Splash Proof Lid Technology For Hot And Cold Beverages

Chicago, IL - Ocean Tomo, LLC recently announced that it has been engaged to sell a patented splash proof beverage lid technology for both hot and cold beverages. The technology includes three U.S. Patents, one Canadian Patent and associated business assets. The splash proof lid system is adaptable to any variety of hot or cold beverage disposable drinking cups (e.g., paper, plastic, styrofoam or polystyrene) and provides a dramatic improvement over other commercially available lid systems. Sample lids are available upon request from Ocean Tomo.

The technology improves upon other lid systems by eliminating the need for consumers to open or close a lid aperture or lid-attachment to seal the cup between sips as well as removing the need for a straw. The utility of the splash proof lid system is that it permits drinking and prevents splashing without any intervention by the beverage consumer. The lid technology dramatically reduces the likelihood of injury, damage and stains resulting from spills as compared with other lid systems currently available in the market.

"The splash proof lid technology is a viable and economical solution to the problems commonly associated with beverage spills resulting from the use of lid systems currently available in the market," said Dean Becker, Vice Chairman at Ocean Tomo. "The utility of the technology coupled with the patent-protected proprietary advantage make these assets a uniquely attractive acquisition."

Each of the three industries (plastic packaging manufacturing, distribution, and beverage retailing/merchandising) along the value-chain of hot and cold beverages competes in a mature market where innovative products are increasingly rare. Acquisition of the splash proof lid technology will provide a proprietary advantage with increased market share and profit margins in the highly-competitive beverage purveyor market.

SOURCE: Ocean Tomo, LLC