OTCPicks Featured Company: Spongetech Delivery Systems (SPNG.OB) Creates Two-in-One Sponge for Vehicular Uses
Spongetech Delivery Systems (OTCBB: SPNG) designs, produces, markets and distributes cleaning products for vehicular use. The products are patented technology relating to sponges containing hydrophilic (liquid absorbing) foam polyurethane matrices. By configuring the sponges for special uses, as by utilizing an outer contact layer and an inner matrix, the sponges are injected with certain formulated soaps and wax that are released when the sponge is applied to a surface with minimal pressure. Although the company’s primary products are for vehicular cleaning only, the company is exploring alternative avenues to incorporate its patented technology for the development of sponges for other…