Greenman Signs Deal To Produce Shingles From Tires

Date: September 5, 2002

Source: News Room

GreenMan Technologies Inc. (Lynnfield, MA) has signed an agreement with US Century LLC (San Antonio, TX) whereby GreenMan will be the sole producer of roofing shingles made from US Century's FlexShake technology. The agreement with US Century "underscores our 'slaughterhouse' business plan, in which our goal is to recycle over 90% of each tire and therefore realize value from almost all components," said Bob Davis, GreenMan's President and CEO. "In the case of FlexShake, we will produce not only shingles but also value-added playground materials and alternative fuel chips from the remainder of the tire."

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