South Miami, FL, August 11, 2014 --(PR.com
)-- An innovative new product designed to serve as an extremely valuable accessory for a number of widely used hand tools, the Multi-Tool Speed Wrench, has been developed by Theodore M. Nick, Jr. of Harpers Ferry, West Virginia. The invention's unique design enables it to attach seamlessly to other tools to address a common problem related to the removal of nuts, bolts, screws, and similar components.
The Multi-Tool Speed Wrench allows for the quick and easy removal of such items in normally hard-to-reach places. The product eliminates a great deal of the exertion and time normally expended in trying to access tight areas with a conventional wrench or similar tool. Additionally, the Multi-Tool Speed Wrench works equally effectively with a number of different tools. Furthermore, the Multi-Tool Speed Wrench will be competitively priced and made from durable steel or metal, adding to its appeal and making it a wise investment.
Mr. Nick now seeks a third party licensee to manufacture, market, and distribute the product for him under a royalty agreement. Potential licensees in the hand tools industry are currently being targeted as candidates to eventually commercialize the Multi-Tool Speed Wrench on a worldwide basis.
In February 2014, Mr. Nick contracted Miami, Florida-based product management services leader Innovation Direct™ to represent the Multi-Tool Speed Wrench to potential licensees for a 2 year period. Innovation Direct™ obtains the maximum amount of exposure for the products that it represents through its unique and patented licensing methodology and its participation in multiple and diverse industry-leading trade shows each year. Exhibits that Innovation Direct™ has attended in recent years include the SHOT Show, the International Home and Housewares Show, the World of Concrete Show, the National Hardware Show, Licensing International, the SEMA and AAPEX Shows and the ERA D2C Convention.
Potential licensees interested in obtaining more information about the Multi-Tool Speed Wrench and discussing licensing opportunities with respect to the product can contact the Manufacturer Response Department of Innovation Direct™ at (877) 991-0909 ext. 4285 or at MR@innovationdirectonline.com.