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Answer Licenses 5th Element Damping Technology
 
02/28/2002
Answer Licenses 5th Element Damping Technology Answer Products, Inc. and Progressive Suspension announce today that Answer has licensed the rights to manufacture and distribute bicycle suspension products utilizing Progressive's 5th Element damping technology.

"Progressive's 5th Element shocks have been able to set a new performance benchmark for shocks in the bicycle industry in a very short time. The technologies ability to not only eat bumps better than the competition, but at the same time establish a firm pedaling "platform" has given Progressive a unique feel and a clear advantage for the high performance enthusiast. Answer is excited to be able to work with Progressive on an exclusive basis to incorporate the technology into Manitou suspension products" said Jose Gonzalez Answer R&D Director.

Scott Hodgson, Progressive President commented, "We were very careful and selective about who we chose to partner with on an exclusive basis to expand the reach of our patented damping technology. Answer Products has a worldwide reputation for high performance products in the bicycle market. We look forward to working with them to include the Progressive 5th Element advantage in a wide range of Manitou suspension products."

Answer will begin immediately working on implementing the technology with a plan to introduce and test new suspension products in the 2002 racing season.

www.answerproducts.com



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