Entrepreneur Scores Dragons' Den Deal

CBC News Posted: Nov 06, 2014 11:49 AM

Island businessman Glenn Cox earned a half-million dollar deal on Dragon's Den for his invention RuptureSeal™ Wednesday night.

RuptureSeal™ provides a quick and easy way to plug holes in tanks, and is particularly useful for gas and oil leaks. Cox received offers from several dragons, but ended up shaking hands with Jim Treliving.

“I believe in you and I believe in the way you do things,” Treliving told Cox.

“My offer is $500,000 for 25 per cent. No royalties because I think you need the cash in right now.”

Cox is still going through the due diligence process to get the money, which he plans to use on marketing, mainly in the U.S.

But Cox said he is already seeing benefits from the deal on the show.

“My Blackberry has just been smoking,” he said.

“I guess they call it the Dragon’s Den effect. It’s an opportunity to grow the business. I only wish that CBC was played in the United States, but somehow they black it out because of the market. None of my customers in the States are going to have the opportunity to see this, unfortunately.”

It's been a good year for Cox. He won this year's $10-thousand Ernest C. Manning Award for innovation as well.

Coast to Coast in the USA this week
RuptureSeal™ at The MONSTER Tow Show! RuptureSeal™ is being introduced at the American Towman Exposition in Baltimore, Maryland, Nov 21-Nov 24.
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Entrepreneur Scores Dragons' Den Deal
Island businessman Glenn Cox earned a half-million dollar deal on Dragons' Den for his invention RuptureSeal™ Wednesday night.
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Wins Innovation Award
Video - A P.E.I. company has found success with a new product that helps emergency responders plug leaks. Rupture Seal is being used by fire departments across the United States...
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Charlottetown's Glenn Cox Named Winner of the 2014 Ernest C. Manning Innovation Award
Glenn Cox of Charlottetown is a $10,000 winner of this year's Ernest C. Manning Innovation Award for inventing and commercializing the RuptureSeal™.
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