Coda sells licence for self-inflating tyre

ERJ staff report (DS)

Prague, Czech Republic -- Coda development said it has sold the first licence for its self-inflating tyre technology. Frantisek Hrabal, CEO said he could not say who has bought the licence due to confidentiality agreements. In a press release, Coda said the licence was sold to a major Asian tyre producer.

Coda said the agreement will accelerate the introduction of this innovative technology to the global tyre market. The contract grants rights to manufacture and sell SIT technology in specific territories of Asia.

Coda said It continues to seek business partners to participate in the introduction of SIT technology in Asian markets including Japan and South Korea, as well as in European and American markets.

The SIT is primarily designed to aid safety, fuel economy and tyre longevity. It also benefits drivers by eliminating inconvenient pressure checks and tyre inflation. All tyres gradually leak over time. In average more than 20 percent of all vehicles ride with at least one tyre seriously underinflated. This simple technology addresses all recognised negative aspects of incorrect tyre pressure.

The SIT is primarily designed to aid safety, fuel economy and tyre longevity. It also benefits drivers by eliminating inconvenient pressure checks and tyre inflation. All tyres gradually leak over time. In average more than 20 percent of all vehicles ride with at least one tyre seriously underinflated. This simple technology addresses all recognised negative aspects of incorrect tyre pressure.

The news comes days after Goodyear announced its own self-inflating tyre technology in a truck tyre. There is no reason to suppose the two announcements are in any way linked.

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Press release from Coda

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