Surftech Announces Partnership with Cobra Int.
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SANTA CRUZ, California - May 29, 2013 - Surf Technicians, LLC ("Surftech"), a leading innovator, designer and developer of the highest performing surf and stand-up paddle boards sold worldwide has announced that it has taken a significant step to deepen its partnership with Cobra International, the world leader in composite fabrication.
Surftech and Cobra share a long relationship which originated in 1990 when Surftech founder Randy French developed Tuflite composite construction with Cobra as his manufacturing partner. Since that time, the two partners have collaborated on several industry leading board technologies including, Softop, ULTRAFLX, Pro-Eite, TL2, Natural Composite and most recently Quantum Carbon construction.
Surftech LLC and Cobra International announced the signing of a definitive agreement under which Cobra will become a minority shareholder of Surftech. Under this new strategic partnership, the structure and management of Surftech will remain the same while Surftech will immediately benefit from increased financial and technical support from the industry's leading manufacturer.
"Cobra has been Surftech's strongest partner and closest ally for more than twenty years. This newly deepened strategic partnership will give Surftech the support in product development and production ability to meet the strong demand for our boards we have today and grow into the future," said Surftech CEO Huntley Dornan. "Together, Surftech and Cobra are positioned to advance board building yet another step and to create world class innovative products for another twenty years, just as we have the past twenty."
ABOUT SURFTECH
In 1989, Randy French, a leading surf and windsurf board shaper, founded Surftech to bring Tuflite, a dynamic, durable and lightweight board construction material, from the windsurf industry to surf. Today, in partnership with many of the world's leading board designers, Surftech offers a wide variety of high performance surf and stand-up paddle boards to customers worldwide.
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