BOULDER CITY, Nev.,
Dec. 21, 2010 /PRNewswire/ --
Amerityre Corporation, (OTC Bulletin Board: AMTY) a leading
manufacturer of polyurethane flat proof tires, today announced that
Amerityre Corporation has developed a NEW innovative high
performance material formulation for the forklift tire industry.
The NEW urethane based material "KRYON" is designed to carry
today's heavy material handling loads in high duty cycle forklift
applications.
The industrial tire market globally is about 1 billion dollars. Amerityre has plans to
capture a substantial piece of the North American market estimated
to be $270 million within the next
several years.
Tim Ryan, Amerityre's new
Chairman, has said, "This is the newest breakthrough in the
forklift tire industry in over 100 years! The market is right
for a new product that will outperform current rubber products in
the market place today. The Amerityre Forklift tires are made
with a special formulation we call Kryon®."
"Independent lab testing and field testing has been ongoing for
over one year with great success," said Mike Kapral, Amerityre's President/CEO.
"Tires were placed in specific high load and high cycle
applications where the tires can get a real world workout."
Amerityre will offer approximately 30 of the most popular sizes
of press-on tires with plans to expand the line-up over the next 18
months. Amerityre has plans to design and produce a line of
pneumatic shaped solid tires for forklift as well.
Amerityre is selling press-on tires now through a limited
testing/distribution program. We have an increasing demand
for the product everyday as the word on the outstanding performance
of the tire reaches customers.
For more information on Amerityre, visit its website at
www.amerityre.com.
This release may contain statements that are
forward-looking. Such statements, including those related to
the prospects for and/or the benefits of Amerityre's polyurethane
fork-lift tire business are made based upon current expectations
that are subject to risks and uncertainties. Such risks and
uncertainties include the factors discussed in our Annual Report on
Form 10-K for the year ended June 30,
2010, as well as Forms 10-Q and other filings with the
Securities and Exchange Commission. Amerityre does not undertake to
update forward-looking statements in this news release to reflect
actual results of and changes in assumptions or changes in other
factors affecting such forward looking information.
SOURCE Amerityre Corporation