VANCOUVER, BRITISH COLUMBIA | November 07, 2019 | Daizee Diapers Corp. (the "Company" or "Daizee") is pleased to announce that India Patent No. 297293, “DIAPERING SYSTEM USING RE-USABLE DIAPER SHELL WITH REPLACEABLE ABSORBENT INSERT AND METHOD OF MANUFACTURE OF SAME” was issued on May, 31 2018. The patent has a twenty-year term from the filing date of August 2, 2007.
The Company considers this patent to be an important part of the intellectual property protection for the 2-piece diaper system. The market for diapers in India was US$5,136 Million in 2019 and is expected to grow annually by 5.1% to $6,242 Million in 2023.
Patent Cooperation Treaty (PCT) National Phase Application
Diazee Diapers Corp. is also pleased to announce that, on October 30, 2019, a Patent Cooperation Treaty (PCT) National Phase Application was submitted to Canadian Intellectual Property Office for patent application PCT/CA2017/050534, “REPLACEABLE ABSORBENT DIAPER CHANNEL FOR USE AS A MULTIPLIER WITH SINGLE-USE DISPOSABLE DIAPERS OR RE-USABLE RECYCLABLE OUTER SHELL”, filed on May 2, 2017. A PCT National Phase Application is a one-time submission to apply for a patent through member states of the PCT, providing a streamlined process to secure patent protection in each member state while adhering to the individual requirements of each nation.
This is an important milestone for the Company since this recent patent application provides protection for the use of the disposable insert in the reusable, washable and recyclable shell and in competing single-use diapers so that they may also be reused. This important development in diaper technology provides the advantages of being economically and environmentally friendly by reducing landfill waste, plastic use, carbon production and cost.
About Daizee Diapers Corp.
Daizee Diapers Corp. (“Daizee”) has exclusive rights for the production, marketing, and international sales and distribution of a globally patented two-piece diaper system for all sizes from newborns to adults. The patents describe unique disposable diaper inserts that are used in combination with our reusable, washable, recyclable diaper shells. The inserts are discarded and the washable shells can be used multiple times. The technology, described by independent third parties as a market disruptor, provides lower pricing for consumers and offers the environmental advantages of significantly reduced plastic waste and carbon output compared to competing diapers. Daizee Diapers Corp. is incorporated and based in Vancouver, B.C., Canada.
ON BEHALF OF THE BOARD,
Terrance (Terry) Owen, PhD, MBA | CEO
For more information, please visit the Company's website at: www.daizeediapers.com
For inquiries, please contact the Company at (604) 862.3439 or at firstname.lastname@example.org
Forward Looking Statements Disclaimer
This press release contains forward-looking statements. These statements relate to future events or future performance and reflect management’s current expectations and assumptions. The words “anticipate”, “expect”, “believe”, “may”, “should”, “estimate”, “project”, “outlook”, “forecast” or similar words are used to identify such forward-looking information. In particular, but without limitation, this document contains forward-looking statements relating to the potential future financial performance and proposed initiatives of Daizee Diapers Corp. (Daizee). Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management of Daizee. In particular, forward-looking statements relating to the potential future financial performance of Daizee are based on: the financial and operating attributes of Daizee as at the date hereof, the anticipated operating and financial results of Daizee, the views of management and the board of directors of Daizee regarding current and anticipated market conditions. Although we believe that the expectations represented in such forward-looking statements are reasonable, there is no assurance that such expectations will prove to be correct. By their very nature, forward-looking statements involve inherent risks and uncertainties (both general and specific) and the risk that the expectations represented in such forward-looking statements will not be achieved. Undue reliance should not be placed on forward-looking statements, as a number of important factors could cause the actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. These factors include, among other things: changes in laws and regulations affecting Daizee and its business operations, changes in taxation of Daizee, general business conditions and economic conditions in the markets in which Daizee and its customers compete, Daizee’s relationship with its suppliers and its access to quality products, the protection of its contractual and proprietary rights, the ability of Daizee to maintain and expand its customer base, actual future market conditions being different than anticipated by management and the board of directors of Daizee, and actual future operating and financial results of Daizee being different than anticipated by management and the board of directors of Daizee. You are cautioned that the foregoing list is not exhaustive. Comparisons to other companies in the industry are for information only and there are no assurances that Daizee will achieve the same or similar results.
No representation or warranty, expressed or implied, is made as to the accuracy or completeness of the information contained in this document. Certain information contained herein has been secured from third party sources believed to be reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor.
This document is not a solicitation for the sale of securities of Daizee and under no circumstances is to be construed as, a prospectus, offering memorandum, or advertisement or a public offering of securities. Offers to sell, or the solicitations of offers to buy, any security can only be made through official offering documents that contain important information about risks, fees and expenses or by way of applicable requirements of securities laws for the private offering of securities without an official offering document.
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