Bonal Announces International Distribution Agreement

Rhea-AI Summary

Bonal Technologies, Inc. (OTC: BONL) has signed a distributorship agreement with DME Company , a global mold base supplier. DME will become an international distributor of Bonal's patented Meta-Lax® stress relief equipment to mold manufacturers, tool and die makers, and die casters. DME, part of the Hillenbrand Group, is considered the world's #1 global supplier of molding products with over 600 employees and two manufacturing plants.

Bonal's CEO, Torsten Warnatsch, expects this partnership to vastly increase the accessibility and exposure of their Meta-Lax equipment in the mold manufacturing and maintenance industry globally. DME's Business Development Manager, Mike McCutcheon, sees this as an opportunity to offer customers superior mold and die making solutions, complementing their existing product range.

Positive

• Signed international distribution agreement with DME Company , a leading global mold base supplier
• Potential for significant increase in accessibility and exposure of Meta-Lax equipment globally
• Access to DME's extensive customer base in the mold and die making industry
• Opportunity to expand market reach and potentially increase sales

Negative

• None.

ROYAL OAK, Mich., Sept. 18, 2024 /PRNewswire/ -- Bonal Technologies, Inc. has just signed a distributorship agreement with DME Company LLC ("DME"), the global mold base supplier.  Under the agreement, DME will be an international distributor of Bonal's patented Meta-Lax® stress relief equipment to mold manufacturers, tool and die makers, and die casters.  DME, headquartered in Madison Heights, Michigan, is part of the Hillenbrand Group of Batesville, IN.  DME is considered the world's #1 global supplier of molding products.  DME employs over 600 sales and technical support employees with two manufacturing plants.

"Adding DME as an international distributor will provide Bonal an opportunity to vastly increase the accessibility and exposure of our Meta-Lax equipment to the mold manufacturing and maintenance industry," said Torsten Warnatsch, Bonal's President and CEO. "DME has an enormous footprint worldwide in the mold and die making industry.  Bonal's current mold making customers have experienced extraordinary time and cost savings. With the assistance of DME, we look forward to providing these savings throughout the industry on a global scale."

"DME sees distributing Meta-Lax equipment as another example of how DME strives to bring our customers superior mold and die making solutions from design to product, in this case stress relieving," said Mike McCutcheon, DME's Business Development Manager. "In addition to supplying more than 100,000 high quality parts used in making and running molds and dies, DME has a reputation of offering its customers high-tech, state-of-the-art complementary products that are valuable to the industry we serve. Meta-Lax stress relief technology is a perfect fit. "

Bonal International, Inc., (OTC: BONL) through its wholly owned subsidiary, Bonal Technologies, Inc., is the patent holder and world's provider of sub-harmonic vibratory stress relief and weld conditioning technology.  Bonal's Meta-Lax technology is applied to eliminate thermal stress in metal parts, thereby preventing distortion and cracking, at a fraction of the time, cost and energy consumption of competing technologies.  For more information visit www.Bonal.com or call 1-800-Meta-Lax.

View original content:https://www.prnewswire.com/news-releases/bonal-announces-international-distribution-agreement-302252071.html

SOURCE Bonal International, Inc.

FAQ

What is the recent distribution agreement announced by Bonal Technologies (BONL)?

Bonal Technologies (BONL) has signed a distributorship agreement with DME Company to become an international distributor of Bonal's patented Meta-Lax® stress relief equipment to mold manufacturers, tool and die makers, and die casters.

How might the agreement with DME affect Bonal Technologies' (BONL) market reach?

The agreement is expected to vastly increase the accessibility and exposure of Bonal's Meta-Lax equipment to the mold manufacturing and maintenance industry on a global scale, potentially expanding their market reach significantly.

What is the main product of Bonal Technologies (BONL) mentioned in the agreement?

The main product mentioned is Bonal's patented Meta-Lax® stress relief equipment, which is used to eliminate thermal stress in metal parts, preventing distortion and cracking.

Who is the new international distributor for Bonal Technologies (BONL)?

DME Company , considered the world's #1 global supplier of molding products, has become the new international distributor for Bonal Technologies (BONL).