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Dynamic Applications Corp. Announces Production of First Commercial Model of its Patented Electromagenetic Percussion Device
Dynamic Applications Corp. Announces Production of First Commercial Model of its Patented Electromagenetic Percussion Device.
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[{"type":"text","content":"\n\n\n\n\n\n\n\nDynamic Applications Corp. Announces Production of First Commercial Model of its Patented Electromagenetic Percussion Device\n\n\n\n\n\n\n\n\n\nDynamic Applications Corp. Announces Production of First Commercial Model of its Patented Electromagenetic Percussion Device\n\nPR Newswire\n\nRAMAT GAN, Israel, June 18, 2013\n\n\n\n\n\n\n\nRAMAT GAN, Israel, June 18, 2013 /PRNewswire/ --\n\n\nDynamic Applications Corp.(OTCQB:DYAP) today announced that GUMI Tel Aviv Ltd., the Company's joint venture partner and a leading privately-held Israeli industrial technology corporation, has successfully manufactured the first commercial model of the Company's unique, patented electronic percussion device (\"DPD1,\" the Dynamic Percussion Device-type one).\n\n\nThe Company first contracted with GUMI in March 2013 to develop a prototype and manufacture and distribute commercial models of the Company's patented device. Eli Gonen, the Company's CEO, stated that \"we are extremely pleased with the timely ability of GUMI in developing the prototype and manufacturing the DPD1 commercial model. Our evaluation together with GUMI is that our initial target market, the diamond and armory industry, should be very receptive to the DPD1, based upon its unique patented design which we believe offers greater durability and energy efficiency together with greater precision than devices presently available in the market.\"\n\n\nMr. Gonen further stated that \"the production and commencement of marketing of the DPD1, we believe, validates our management's long-held position that its patented device had significant economic potential provided that we could be successful in entering into an arrangement with a third-party manufacturer. With our ability to contract with GUMI in March 2013 and their ability to manufacture the commercial model of the DPD1, we believe that revenues may be generated from the DPD1 before the end of the year.\"\n\n\nOur belief is supported by the statement of GUMI's CEO, Zvi Azulai, that \"after an intensive and concentrated period of R&D together with successful technical tests, we were able to produce the first DPD1. We intend to use our extensive contacts in both the diamond and armory industries to present the DPD1, which our tests have shown to be an innovative, durable and energy saving tool ideally suited for both...