BOULDER CITY, Nev. (Sept. 28, 2005) — Amerityre Corp. said Ace Products L.L.C. has postponed entering a license transaction with Amerityre.
The companies signed a non-binding memorandum of understanding in August, stipulating that definitive agreements would be executed by Sept. 16. Ace requested the postponement to complete an assessment for the integration of products using Amerityre's technology into the Ace product line, Amerityre said.
Amerityre develops proprietary technology for manufacturing its trademarked Flatfree tires for bicycles, wheelbarrows, hand trucks and lawn and garden products. Ace has three full-service manufacturing facilities in the U.S. plus another in China that provide manufacturers with a line of semi-pneumatic rubber tires, solid and filled rubber tires and plastic wheel assemblies.