Home / Knowledge / News / Information Technology / FindU shoe platform for Isaac Daniel Group
FindU shoe platform for Isaac Daniel Group
18
Jun '08
Isaac Daniel, who's Global Positioning (GPS) sneakers gained worldwide attention in 2007, has announced the signing of a breakthrough distribution agreement that will see his GPS footwear and the FindU, personal locator device (PLD), sold in the Commonwealth of Independent States (CIS).

The deal is valued at least $75 million over the next five years according to Isaac Daniel, chairman and CEO of Fele Holding Corp. and the Isaac Daniel Group (IDG).

The CIS, consisting of 15 former Soviet Republics, is considered to be one of the fastest growing markets in the world.

The agreement with Victory Grand Development (VGD), a Delaware company with offices in Moscow that was formed to be a market leader of safety and protective services in Russia, will allow VGD to become the exclusive CIS marketer and distributor of both the GPS footwear and FindU, a new IDG product. A small device, smaller than a cigarette lighter, FindU enables the user to be found anywhere on the surface of the globe with the simple push of a button.

“This is a major breakthrough, not only for our company, but for the people of the CIS,” said Daniel. “As a leader in the Location Based Services industry, we are very excited about this partnership with Victory Grand Development and look forward to servicing the needs of this dynamic market.”

According to Daniel, a former United Nations official, one of the keys to the success of the agreement with VGD was granting them the rights to market both the shoes and the FindU, which fits in the palm of a hand and measures 1.7 inches by 2.5 inches.


Must ReadView All

Textiles | On 26th Jul 2017

Q1 2018 revenue at Raymond soars 14%

The consolidated revenue of Raymond Limited for the first quarter of...

Textiles | On 26th Jul 2017

Textile Corp of America to create 1000 jobs in Tennessee

Textile Corporation of America Inc, a leading textile manufacturer,...

Textiles | On 26th Jul 2017

Leather & footwear industry expecting incentive package

India’s leather and footwear industry is anticipating an incentive...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

July 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Thanks for your valuable feedback. Claim your free latest sustainability e-book.


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search



X