Before the opening bell, GreenMan Technologies, Inc. announced that it has changed the name of its Welch Products Inc. subsidiary to Green Tech Products, Inc. The new company name better reflects the nature of their new product-line extension strategy beyond playground safety tiles and equipment.
Lyle Jensen, GreenMan’s President and Chief Executive Officer, commented, “We have built our business by delivering products that represent the best aspects of recycling, green technology, safety and accessibility. The name Green Tech Products better encapsulates not only where the business is today, but also future growth initiatives.”
He added, “We are currently evaluating additional recycled molded products that may be used in applications such as highway anti-vegetation and field-turf encasement projects. Our playground products will continue to be marketed under our National Playground Compliance Group name which enjoys strong brand recognition within the industry.”