SOURCE: Axiom Corp.

July 21, 2015 08:00 ET

PaperNuts Launches Design Partnership With Spark Innovations for New Retail Unit Development

ST. CATHARINES, ON--(Marketwired - Jul 21, 2015) - Axiom Corp. (OTC PINK: AXMM) ("Axiom" or the "Company") today announced that PaperNuts has partnered with Spark Innovations, a leading Canadian industrial design company, for the completion of design and prototype development of the Company's first ever retail scale units.

Tyler Pearson, CEO of PaperNuts, commented, "Joining forces with Spark Innovations as a design and engineering partner brings a tremendous amount of value and in house capability to our organization that should allow us to drastically increase our speed to market for the new retail scale PaperNuts machines that we have planned for release later this year."

The retail ready PaperNuts Converter machines will be smaller, quieter, and lighter than current industrial scale machines and will enable select retail channel partners to manufacturer PaperNuts on-site on-demand at the retail store level. This will allow consumers direct access to PaperNuts products at their favorite local shipping and supply stores while freeing valuable shelf space at retailers that can be reallocated to selling other products.

Bob Dickie, President of Spark Innovations, commented, "We look forward to working with the Axiom PaperNuts team and utilizing our specialized design and engineering talents to build their concepts for a smaller, quieter, and lighter retail version of their technology into a fully functional prototype ready for mass production."

Pearson concluded, "Based on our current rapid design and production schedule, we expect to have the new retail PaperNuts machines installed in stores during the fourth quarter of this year."

About Spark Innovations

Founded in 1989, Spark Innovations is an award-winning industrial design company specializing in the development of innovative products and inventions. Spark's professional team of industrial designers and mechanical engineers has taken thousands of products from the early stages of an idea to the mass market. Spark's in-house team works closely with clients on product development, strategy, product management, manufacturing, patents, and logistics. We help companies and individual inventors identify, visualize, and communicate product design opportunities to create revenue. Spark designs projects ranging from electronic consumer goods and housewares to sports and industrial equipment. Spark's strategic design development process has resulted in over 240 U.S. patents issued. For additional information regarding Spark Innovations, visit www.sparkinnovations.com.

About Axiom Corp.

Axiom Corp., operating through its majority owned subsidiary (95.6%), PaperNuts Corporation, is a global focused developer and marketer of innovative and environmentally friendly packaging solutions. PaperNuts Corporation owns proprietary technology and intellectual property originally developed in Finland that provides an environmentally friendly alternative to traditional protective packaging options that are often very harmful to the environment. PaperNuts delivers a loose-fill packaging solution that competes directly with polystyrene foam plastic "peanut" fillers, bubble wrap, air pillows, crumpled paper, foam-in-place, and corn starch peanut products.

PaperNuts are a cost-effective green alternative to competitive fillers, made from 100% recycled paper that was destined for landfill, and are both biodegradable and fully recyclable after use. PaperNuts also provide superior product protection, are clean and easy to handle, non-polluting, and low in particulates. The "PaperNuts Converter" machine used to create PaperNuts requires only 10 sq. ft. of floor space to operate and gives small, medium, and large scale businesses the capability to produce on-demand on-site packaging that reduces the shipping and storage costs associated with competitive products.

For additional information regarding Axiom Corp. and PaperNuts Corporation, visit www.axiompaper.com.

Axiom Corp. files reports with the Securities and Exchange Commission. The Company's filings can be viewed at www.sec.gov.

Disclaimer/Safe Harbor:

This Axiom Corp. / PaperNuts Corporation news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company's contracts, the Company's ability to raise sufficient development and working capital, the Company's liquidity position, the Company's ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.

Contact Information

  • Investor/Media Contact:

    Axiom Corp. / PaperNuts Corporation - Investor Relations
    Toll-Free: (888) 694-1999
    E-mail: Email Contact
    Website: www.axiompaper.com