TZ Limited granted patent for SMArt locking devices

TZ Limited (ASX:TZL) has been granted patent applications relating to new types of TZ SMArt Locking and Fastening Devices in Australia and Japan that could support additional uses of its technology.

In addition, the patents increase TZ's IP protection and add value to its asset portfolio.

The application has also been accepted in China and is proceeding to grant while applications in the U.S. and Europe are currently undergoing patent office examination.

The patent covers a range of shape memory alloy actuated or smart materials actuated fasteners, fastening and locking systems, fastener assemblies and other related areas that represent embodiments and improvements over TZ's prior art in the intelligent fastening device space.

Specifically, the patents cover its devices such as the Beam Clip, Ring Grip and In-Line Fasteners that represent a broad array of alternative form factors, actuating methodologies and mechanisms.

Analysis

The grant of patent applications for new types of TZ SMArt Locking and Fastening Devices not only protects TZ's intellectual property in Australia and Japan, it also sets the stage for the company to develop new applications of its technology.