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Resin System Inc. Signs Exclusive Distributor Agreement With HD Supply Utilities
Resin System Inc. Signs Exclusive Distributor Agreement With HD Supply Utilities.
About this update from Real Estate Split Corp Class A
[{"type":"text","content":"\n\n\n\nCALGARY, Jan. 31 /CNW/ - Resin Systems Inc. (\"RS\") (RS - TSX /\nRSSYF - OTCBB), a composite products innovation company, has signed an\nagreement with HD Supply Utilities, the leading distributor for the utility\nindustry in North America and a subsidiary of The Home Depot(R). With this\nagreement, HD Supply Utilities is now the exclusive distributor of RS's\nRStandard(TM) transmission and distribution poles within Canada, the United\nStates, Mexico, Bermuda, the Bahamas and all of the Caribbean Islands. These\npoles can be used for power transmission and distribution.\n\n\n\"The market has demonstrated a great need for products that are\ninnovative and environmentally friendly,\" said Rick McClure, President, HD\nSupply Utilities. \"By making these products available through HD Supply\nUtilities, we will offer an option that is stronger, lighter and greener than\ntraditional poles. This agreement with RS is an example of our commitment to\nproviding groundbreaking solutions for the utilities market.\"\n\n\n\"The confidence shown by HD Supply Utilities confirms that the RStandard\nutility pole is the future for North American utilities,\" said Paul Giannelia,\nPresident and Chief Executive Officer, RS. \"This relationship secures\nRStandard's market penetration and is a cornerstone of our path to\nprofitability.\"\n\n\nThe agreement includes an initial purchase order for RStandard poles with\na value exceeding $50 million USD over two years after delivery start, subject\nto applicable terms and conditions. Other terms of the deal were not\ndisclosed.\n\n\nAbout RS\n\n\nRS is a composite product innovator. RS develops advanced composite\nproducts for large-scale industrial markets. These products replace products\nthat have been traditionally made using conventional building blocks of wood,\nconcrete and steel. The foundation of RS is continuous innovation and product\ndevelopment utilizing its proprietary Version(TM) polyurethane resin system.\n\n\nRS has successfully developed the award winning RStandard(TM) modular\ncomposite transmission and distribution structure. For the latest on RS's\ndevelopments, click on \"Latest News\" on www.grouprsi.com.\n\n\n\"Version\" and \"RStandard\" are trademarks of RS.\n\n\nForward Looking Statements\n\n\nCertain information set forth in this news release, including\nmanagement's a...