SAVAGE, Minn. (Sept. 11, 2008) — Welch Products Inc., a subsidiary of tire recycler GreenMan Technologies Inc., has won a master agreement from the state of Iowa to provide its patented DuroMat “Extended Life” recycled rubber safety tile.
The agreement, which runs for a minimum of one year up to three years, provides for any Iowa government entity to buy the safety tiling, according to GreenMan. The initial purchase under the contract is for safety surfacing at 22 Iowa state parks.
This is the third major contact Welch has announced in the last month with state governments, the first two being for playground surfacing in Missouri and California.
GreenMan recycles more than 12 million tires annually, according to company publicity. The company reported three successive profitable quarters through the first quarter of fiscal 2008, but suffered losses in the second quarter and first half of 2008.