LoJac, Inc. celebrated the acquisition of Kodi Klip at Five Oaks Gold & Country Club on Monday evening.
Guests at the launch party were treated to appetizers and live music - as well as a closer look at the product which is marketed as a better, faster method for making rebar connections.
LoJac, Inc. was founded in the early 1980s and provides high quality services and materials to the construction industry throughout the southeast. Vice President of Finance Kellie Mires said they saw a new opportunity with Kodi Klip to expand their offerings in the industry.
"We saw the strategic piece to it. It is a product that is in its final stages and ready to launch. It has the potential to revolutionize the concrete industry, which we are a part of," she explained. "In the past, you've had wire tie to connect rebar. This is a product that exponentially moves the tying of rebar and because it is an anticorrosive piece, it can increase the span of, say a bridge, from 50 years to 150 years."
LoJac, Inc. CEO Jack Lowery echoed Mires' remarks, calling Kodi Klip "innovative" and "efficient."
Kodi Klip inventor, Jon Kodi, will serve as chief product developer.
Staff Writer Sabrina Garrett may be contacted at firstname.lastname@example.org.