Press Releases

October 2017

TEDCO Portfolio Company Signs Licensing Agreement with Lizard Skins

FOR IMMEDIATE RELEASE

Lizard Skins Becomes Exclusive Worldwide Distributor of Grip Boost Batting Gel

 BALTIMORE, Md. (October 31, 2017)—Grip Boost Inc., a Baltimore-based TEDCO portfolio company, announced that Lizard Skins became the exclusive worldwide distributor of the Grip Boost Batting Gel.

Grip Boost’s patent-pending gel technology was invented at the University of Maryland and commercialized through seed funding support provided by TEDCO’s Maryland Innovation Initiative (MII) and Technology Commercialization Fund (TCF).

The Grip Boost gel was invented to restore grip to football gloves; a reformulated version of the product was later released to address the unique needs of baseball and softball players. The Grip Boost Batting Gel is a quick drying, alcohol-based gel that gives batters the extra grip and superior bat control they need without the mess of traditional grip enhancers such as pine-tar. The Grip Boost Batting Gel works by applying a thin, tacky polymer layer to the palm of the glove. It’s clear, easy to clean and doesn’t leave residue. Performance is not dependent on temperature and the tackiness can be reactivated with moisture.

“When we first met Grip Boost we were very excited and enthralled by their product and knew that this was a product we wanted to be associated with,” said Brad Barker, General Manager of Lizard Skins. “This will be a great addition to our baseball accessories brand.”

Lizard Skins has always led the market in products relative to the hand-to-grip interface. The unique synergy with Grip Boost and Lizard Skins products builds on Lizard Skins’ story and allows them to deepen their expertise in this space. The new agreement also allows Grip Boost® to broaden their market exposure and branding by being associated with a grip company like Lizard Skins.

“We are extremely excited about this partnership,” said Chanda Arya, Chief Operating Officer of Grip Boost. “Over the past 5 years, Lizard Skins has revolutionized the batting grip industry and built an incredibly effective sales and marketing machine throughout the baseball sporting goods industry. They already have our product in the hands of many MLB players. We can’t imagine a better partner to help bring our breakthrough, mess-free grip technology into retail stores across the world.”

About Grip Boost: Grip Boost Inc. is a Baltimore-based sporting goods company spun out of the University of Maryland. The company is dedicated to integrating design initiatives from professional athletes with cutting-edge engineering research to make products that help athletes perform at their highest level.

 

About TEDCO: The Maryland Technology Development Corporation (TEDCO) is more than an early stage funding resource.  It is the hub of Maryland’s innovation ecosystem where we nurture entrepreneurship, support innovation, drive tech transfer and commercialization, and champion minority access. TEDCO invests in extraordinary entrepreneurs with unique technologies. We help to build great companies that stay and last in Maryland.

 

About Lizard Skins: Lizard Skins has been in business since 1993 manufacturing and distributing bicycle accessories around the world. In January of 2012, Lizard Skins officially launched a new product into the baseball industry. DSP (DuraSoft Polymer) bat grip was created based off the highly successful DSP handlebar tape for road bikes. Utilizing their knowledge and experience in developing grips, Lizard Skins designed and created this new innovative bat grip.

 

Contact Information:

Chanda Arya, PhD

COO and Co-Founder

Grip Boost Inc.

chanda@gripboost.com

443.421.4987

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