Westlake, OH, June 3, 2014 (GLOBE NEWSWIRE) -- RevoLaze, LLC announced today that Roy P. Disney has made an investment in the laser technology firm and has joined the board effective immediately, according to RevoLaze CEO Darryl Costin, PhD. Mr. Disney's investment in RevoLaze was made through an investment vehicle affiliated with Shamrock Holdings, Inc., the Roy E. Disney family's investment company. Mr. Disney joins Mr. Bernard Theisen from Lear Corporation, Darryl J. Costin, Sr., Darryl J. Costin, Jr. and Kimberly L. Ripley on the RevoLaze board. Lear Corporation acquired an interest in RevoLaze on June 27, 2013.
RevoLaze globally commercializes high-speed, high-power laser scribing technology unmatched in the world. The company's eco-friendly processes offer 2500 watts of power with unparalleled laser scan speeds exceeding 50 meters per second. With over 20 years of experience and knowledge in the industry, its licensees can expect major benefits of cost reduction, throughput enhancement and design flexibility. "
The demand for laser abrasion and patterned denim continues to skyrocket," says Costin. "Our custom delivery systems are built for any application. Also, we are excited to introduce our new Linear Processing machine designed exclusively for textile roll goods. It's the fastest moving laser on the planet, and we feel the future of laser technology."
But it wasn't just the manufacturing speed that attracted Roy Disney's attention. "We appreciate working with companies that have a special concern for our environment," says Shamrock President Greg Martin. "There is a significant health risk associated with the sandblasting of denim to create the worn look. Likewise, the denim enzyme washing process produces environmental hazards. RevoLaze's technology virtually eliminates both of these maladies."
The laser technology developed and patented by the company was also a key factor. "Textiles are manufactured all over the globe today. A company needs absolute assurance that the laser technology they are using to create their garments is properly licensed. With 29 patents worldwide, RevoLaze provides that comfort," says Disney.
Disney is excited to see all the applications Linear Processing can bring to the textile industry. "From replacing the enzyme process to replicating expensive loom processes, and providing patterned denim to the marketplace, RevoLaze technology is literally just scratching the surface," says Disney. "We believe the benefits of RevoLaze technology is compelling, both financially and environmentally, and that companies will be eager to adapt this technology sooner rather than later."
That's precisely how Bernard Theisen, Vice President of Lear Corporations' Global Trim Group, felt when he saw RevoLaze's technology in action. Lear is one of the world's leading suppliers of automotive seat systems. "The design possibilities and speed at which production occurs are phenomenal. We are thrilled about our partnership with RevoLaze and the customization opportunities it affords," says Theisen.
About RevoLaze, LLC
Through a combination of unique digital software and specifically designed material delivery systems, RevoLaze develops the highest speed, highest power galvo driven laser machines in the industry. With over 20 years of experience, and 29 patents granted worldwide, RevoLaze offers its licensees unprecedented cost reduction, throughput enhancement and design flexibility. To learn more about RevoLaze, visit www.revolaze.com.
About Shamrock Holdings, Inc.
Shamrock was founded by the late Roy E. Disney in 1978 and serves as the family office and investment vehicle for certain members of the Roy E. Disney Family. Shamrock's tenets are straightforward - invest and act with integrity, responsibility, and transparency.
About Lear Corporation
Lear Corporation is one of the world's leading suppliers of automotive seating and electrical distribution systems. The Company's world-class products are designed, engineered and manufactured by a diverse team of approximately 120,000 employees located in 36 countries. Lear's headquarters are in Southfield, Michigan, and Lear is traded on the New York Stock Exchange under the symbol [LEA].
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