Business
iBrands to Enter Building Materials Market
iBrands to Enter Building Materials Market.
About this update from I Brands Corp
[{"type":"text","content":"iBrands Corporation\nInc. Finalizing Exclusive Licensing Agreement.\n\nThis Agreement Will\nDisrupt the Building Industry.\n\nIrvine, CA.—April 21, 2016—iBrands Corporation Inc.\n(OTC-IBRC) today announced that they are in the final execution stage of an\nexclusive licensing agreement with an option to purchase the intellectual\nproperty and full manufacturing rights for a unique line of building products. \n\nAccording to Michael Ogburn, iBrands CEO, “My team has been\nworking diligently for the last couple of years helping develop these formulas\nwith some of the best chemists and engineers in the world. These products are\nthe result of a breakthrough in bio-based open and closed cell elastomeric\nfoams. These foams are the first of its kind to repel water. This has enabled\nus to create a building insulation that is bio based, water resistant, bug\nresistant, will not lose R value with humidity like fiberglass, mold resistant\nand fungus resistant. It also has an acoustic barrier that is up to four times\nthat of fiberglass. It’s even EPA\napproved to be used in or around waterways”.\n\nOgburn states “On top of the insulation, we will have a line\nof carpet padding that is water resistant and therefor reduces pet odors. When\nyou get your carpets cleaned, it’s doing just that; cleaning your carpets. The\npadding under your carpet is not being touched. Mold, mildew, pet urine and\nspills settle in and can grow. That’s why smells are so hard to get rid of. We\ndeveloped a pad that will have all of the properties of traditional pad, that\nis also water and bug resistant at the same retail cost”.\n\nThe product that iBrands sees as the largest disruptor in\nthe building space is a synthetic drywall made from a third formula covered in\nthe agreement. “This will change the way homes and commercial buildings are\nbuilt and remodeled. This product will have the same dimensions as traditional\ndrywall. It will have the same facing that is on drywall and accept drywall mud\nand will be finished, cut and installed just like traditional drywall, except\nthe weight is reduced by about 50%, its water resistant, mold resistant and 5X\nstronger than traditional drywall. Now there is an option to reduce holes and\ndings in walls”. Ogburn went on to state.\n\nTerms of the agreement and finalization are expected in the\nnext 10 days. \n...