The PEROS Economist Umbrella has all the features of a high-end folding umbrella at a fraction of the price. It has an eight panel pongee canopy which is supported by 54cm steel and fibreglass ribs. Other features include automatic opening and closing, a three-stage steel shaft, a Velcro tie, a plastic hand grip, a matching pongee sleeve and a woven carry strap. Every PEROS umbrella includes a 1-year manufacturer’s warranty.