Issue Date: July 24, 2006
Polyurethane tire deal is set
Amerityre has licensed technology to South Korea's Flatfree to make polyurethane foam tires for items such as bicycles, hand trucks, and wheelbarrows. Amerityre will receive $1 million in license payments over 10 years plus $1 million for equipment; it will also supply the foam chemistry. Last year, the Boulder City, Nev., firm's nonpneumatic polyurethane elastomer tire was qualified to U.S. safety standards for use as a spare tire for passenger cars.
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