SWIM:CC - SWMBRD Announces Successful Registration of United Kingdom Design Patent
(TheNewswire)
VANCOUVER, BC, - TheNewswire - November 25, 2022: SWMBRD Sports Inc.(CSE:SWIM) (“ SWMBRD ” or the “ Company “) is pleased to announce the successfulregistration of a United Kingdom design patent for the Company’sproprietary aquatic sports board.
The United Kingdom design registration is in addition to SWMBRD’sexisting intellectual property portfolio, covering multipleembodiments of its unique swimboard design and associated accessories,as disclosed in the Company’s final long form prospectus (availableon SEDAR, www.sedar.com ).
“We are very pleased that the important UK Design Registration hasbeen granted,” says Justin Schroenn (President and CEO of SWMBRDSports Inc.). “Revenue in the UK Aquatic Sports Equipment segmentamounts to US$110.8 million in 2022. The market is expected to growannually by 4.29% CAGR 2022-2027 (www.statista.com).
Residents of the United Kingdom are an important target market forSWMBRD. The current population of the United Kingdom is 68,736,857 as of Wednesday,November 23, 2022, based on Worldometer elaboration of the latestUnited Nations data.
Not only are UK residents a major component of summertime tourism invacation destinations throughout Mediterranean coastline from Spain toTurkey, but we believe SWMBRD’s versatility brings into orbit thespectacular coastline (both still water and surf), lakes and rivers ofEngland, Scotland, Wales and Ireland as well.
Of significance also is the fact that many cars and residences in theUK tend to be compact. Consequently, management believes thatSWMBRD’s small size (3’2”), lightness (8.7lbs), easy carryingergonomics and unique versatility of use, may make it a perfectaquatic sports product for the UK consumer.
The award of this UK design patent strengthens SWMBRD’s position asdeveloper of its proprietary swimboard and serves as a strongfoundation for future SWMBRD products, accessories, events, media andlifestyle products.
SWMBRD’s expanding intellectual property portfolio continues to be akey strategic component of the Company’s growth. While SWMBRD doesnot divulge jurisdictions in which intellectual property applicationsare still pending, the Company is pleased to keep investors apprisedof important jurisdictions in which applications have been successful,such as the United Kingdom Design Registration now granted. We wouldlike to thank Thomas Bailey and the team at Oyen, Wiggs, Green &Mutala LLP for all their efforts in helping to secure this veryimportant accomplishment.”
About SWMBRD Sports Inc.
SWMBRD Sports Inc. is a Vancouver, B.C. based sporting goods companylooking to enable millions to rethink their way of recreating in thewater. Management believes that SWMBRD’s proprietary aquatic sportsboard, by virtue of its patented design, is revolutionary in how itempowers the human body in the water like nothing before, giving waterlovers of all ages and abilities the freedom to explore all aquaticenvironments with ease. By offering an aquatic board sport that isversatile, easy to use, easy to store, and which can be used by allages and body types in any body of water (rivers, oceans, lakes andpools), the Company believes SWMBRD and the sport of swimboarding hasthe potential to become one of the most popular board sports in theworld, and a great aquatic brand. The Company has refinedmanufacturing techniques most relevant to the SWMBRD and hassuccessfully produced demonstration fleets of fully functioningboards, which have been in rigorous real-world use in Hawaii, Canadaand Greece. The Company is now preparing to commence large scale massproduction under an OEM agreement with Tahe Sports, Vannes, France -the preeminent board sport manufacturer in Europe.
For further information please contact:
Justin Schroenn – President, Chief Executive Officer and Director
E-mail: justin.schroenn@swmbrd.com
Telephone: 778-870-1497
Matthew Schroenn – Vice President and Director
E-mail: matthew.schroenn@swmbrd.com
Telephone: 604-375 4664
Gareth Schroenn - Vice President
E-mail: gareth.schroenn@swmbrd.com
Telephone: 604-339-2721
Forward-Looking Statements
Certain statements in this pressrelease are forward-looking statements and are prospective in nature.Forward-looking statements are not based on historical facts, butrather on current expectations and projections about future events,and are therefore subject to risks and uncertainties which could causeactual results to differ materially from the future results expressedor implied by the forward-looking statements. These statementsgenerally can be identified by the use of forward-looking words suchas “may”, “should”, “will”, “could”, “intend”,“estimate”, “plan”, “anticipate”, “expect”,“believe” or “continue”, or the negative thereof or similarvariations. Forward lookingstatements in this news release include statements regarding the Company’s planned expansion ofits intellectual property portfolio, the United Kingdom and itsresidents being an important target market for sale of the Company’sproducts, the expectation that the sport of swim boarding may becomeone of the most popular board sports in the world, and SWMBRD a greataquatic brand; and that the Company will complete large scale massproduction and sale of its SWMBRD in December 2022.. Although theCompany believes that the assumptions inherent in theforward?looking statements are reasonable, forward?lookingstatements are not guarantees of future performance and, accordingly,undue reliance should not be put on such statements due to theirinherent uncertainty. Such statements are qualified in their entirety by the inherent risks anduncertainties surrounding the Company’s business plan with respectto the production and sale of its aquatic sports boards; theCompany’s plan to develop its brand and the sport of swimboarding; and those additional risks set out in theCompany’s public documents filed on SEDAR at www.sedar.com. Suchforward-looking statements should therefore be construed in light ofsuch factors, and the Company is not under any obligation, andexpressly disclaims any intention or obligation, to update or reviseany forward-looking statements, whether as a result of newinformation, future events or otherwise.
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