SWMBRD Sports Inc (CSE:SWIM) announced that Tahe Outdoors of France has informed the company that the process of milling the twin high capacity aluminum Swimboard molds was completed.
The two molds pertain to two distinct phases in the production of SWMBRD's proprietary Swimboard.
As part of Tahe's ACE-TEC process, the first mold (consisting of 1A plus 1B) compresses high-density EPS foam to form the inner core of the Swimboard, while the second mold (consisting of 2A plus 2B) thermoforms a high impact shell reinforced with fibreglass around the EPS foam core.
READ: SWMBRD Sports says EU Intellectual Property Office has awarded it an additional 10 industrial design patents
The result is a light, strong, attractive, high-performance board, efficiently and cost-effectively produced, the company said in a statement.
The company noted it has in place a definitive original equipment manufacturer (OEM) agreement with Tahe for the production of the Swimboard.
SWMBRD said the next stage in preparing the production process is now underway -- consisting of assembling, installing, and calibrating the various other components required by the ACE-TEC thermoforming process.
"We are very pleased that the critical stage of milling the high production ACE-TEC molds is now complete," said SWMBRD CEO Justin Schroenn.
"Once completed by the addition of further components of the process, these first molds will be capable of producing a premium quality product at high speed, and an affordable price. We look forward to keeping shareholders apprised as we draw nearer to the exciting moment the first production Swimboards come off the line."
SWMBRD is a Vancouver-based sporting goods company looking to enable millions to rethink their way of recreating in the water. Management believes that SWMBRD's proprietary aquatic sports board, by virtue of its patented design, is revolutionary in how it empowers the human body in the water like nothing before, giving water lovers of all ages and abilities the freedom to explore all aquatic environments with ease.
Contact the author: patrick@proactiveinvestors.com
Follow him on Twitter @PatrickMGraham