CHEYENNE, WY -- (Marketwired) -- 08/07/17 -- Simply Innovative Products, Inc. (OTC PINK:SMPI) has signed multiple manufacturing supply agreements to produce its patented plastic disposable beverage lid for the company's subsidiary Simply Lids.
The supply agreements involve the production of two injection molds from one supplier, and robotics, packaging, injection molding machines, and manufacturing from another. The state-of-the-art manufacturing station will be capable of producing 250,000 lids a day. The use of robotics enables the production of the patented lid that is superior to any disposable lid on the market, at a lower cost. The environmentally friendly Simply Lid has a lower carbon footprint and uses a plastic that is readily recycled, keeping products out of landfill sites. This is the first of many manufacturing stations slated for production in North America. World demand for disposable cups and lids in 2017 will rise 5% per year to nearly $26 billion.
Simply Innovative Products, Inc. President John Newman stated, "This is the beginning of a new era in disposable beverage lids. Having signed these important agreements is the start of a dream that has been in the works for many years. We are excited to be bringing this wonderful product to our customers and building a company that will support the many investors who have been with us since inception."
About Us: Simply Innovative Products, Inc. is a development company specializing in plastic products in various markets. Bugout™ Pet Products is the company's latest acquisition, poised to make an impact in the multi-million-dollar pet industry.
Simply Lids is an award-winning company whose specialty is disposable beverage lids in the food services industry. Simply Lids' patented technologies provide a safer, more enjoyable drinking experience, without splashing or spills, and has the added benefit of unique marketing opportunities, never before realized in this industry sector. Simply Lids plans on being the leader in this multi-billion-dollar sector through the application of its unique technology and innovation. For more information, please visit our website at www.simplyinnovativeproducts.com.
