On 3rd January 2019, Flooring Industries, Unilin’s intellectual property division, entered into an exclusive sublicensing arrangement to commercialize IOBAC’s revolutionary magnetic technology globally. IOBAC patented technology, allows floors and walls to be installed simply and quickly using magnetism, while providing end-users with ultimate flexibility to change and remodel in less time and at a lower cost than traditional systems.
The system has been tested in numerous commercial environments including Sainsbury’s, Walgreens Boots Alliance, Whole foods, Heathrow Airport and Hilton and will now be made available to a broader audience through Unilin IP’s licensing network.
“We are very pleased to partner with IOBAC”, stated Bart Van der Stockt of Unilin. “They have developed a great technology for commercial applications which gives multiple advantages for flooring manufacturers, project installers and customers. We are looking forward to bringing this technology to the next level by introducing it to our customer base.”
“The IOBAC technology platform has evolved significantly over the last two years and is now aligned and relevant to more markets and segments of the flooring industry, at very competitive price points and with increased benefits. We believe the partnership with Unilin IP leverages the combined strengths of technological innovation and commercialization focused on improved customer experiences” stated Paul Woolvine, CEO of IOBAC
“Following a strategic review, the board concluded that partnering with Unilin was the right choice to expose IOBAC’s technology to the globe”, states Jamie Lawson-Brown, a Director of IOBAC.
Unilin IP will demonstrate the advantages of the !OBAC technology during the Domotex Hannover exhibition (11th to 14th of January) at Stand B80 in Hall 12.
For more information on IOBAC, please visit www.iobac.com