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The purpose of this paper is to illustrate a FIPG (Formed In Place Gasket) system which is developed by combining an anaerobic sealant and a dispensing valve. A new anaerobic sealant is developed and evaluated in various ways. The result shows that the anaerobic sealant resists movement and has durability. To improve shelf life, the presence of air is introduced into the sealant. However, during dispensing of the sealant, the air must be eliminated. To remove the air bubbles, a spiral shaped dispensing valve is introduced. The valve insures a continuous bead.