EDMONTON, April 26 /CNW/ - Resin Systems Inc. ("RSI") (RS - TSX Venture /
RSSYF - OTCBB), a composite materials technology company, through its
operating division, RS Technologies ("RS"), is pleased to announce that it has
received a multi-year, multi-million dollar order from Inline Fiberglass
Limited ("IFL") of Toronto, Ontario, Canada, to supply Version(TM) resin for
the manufacture of industrial conveyor system rollers. IFL will use a
pultrusion process to manufacture the rollers, applying technologies and dies
jointly developed by IFL and RS. Regular full container shipments of
Version(TM) resin are scheduled to commence in early July 2005, and continue
for a minimum of three years. The frequency of shipments will be a minimum of
one full container of Version(TM) resin per month and will increase to meet
production and schedule requirements.
Large industrial conveyor systems are commonplace in open pit mining
operations or where large volumes of earth and/or rock are moved great
distances. Historically, the majority of heavy industrial conveyor rollers
have been manufactured with high quality steel pipe. Management of RS believes
that rollers made from its Version(TM) resin composite material will gradually
replace the steel pipe used in the manufacturing process as end users will
enjoy an immediate and significant reduction in conveyor operating costs as a
result of the conversion, including (i) operating cost savings resulting from
using less energy to operate the significantly lighter Version(TM) resin
rollers as compared to steel rollers, and (ii) reduced maintenance cost
savings resulting from Version(TM) resin being maintenance free and not
impacted by the natural elements such as rain, snow, moisture, temperature,
etc. The conversion from traditional steel rollers is only possible because of
the unique superior strength and impact resistance properties of RSI's
proprietary Version(TM) resin.
The end user of the composite rollers to be made by IFL is KWB SA
Kopalnia Wegla Brunatnegro ("KWB") located in Betchatow, Poland, the largest
open pit mine in the European Union. KWB mines in excess of 35 million tonnes
of coal annually, all of which is used as a source of energy for an adjacent
4,000 megawatt thermal power plant. KWB is the largest member of a multi-coal
mine industry group in Poland and is known to be a leader in new mining
process applications. Currently, the KWB mine alone operates in excess of
90 kilometres (56 miles) of industrial conveyors which require more than
600,000 rollers. The manufacture of each composite roller requires
approximately 4 kilograms (9 pounds) of Version(TM) resin. KWB has initiated a
conversion program which will see the existing steel rollers replaced with
rollers made from Version(TM) resin over the next three year period. Due to
B's desire to begin the conversion program immediately, initial
manufacturing will commence in IFL's existing facilities in Toronto and will
continue in Poland as soon as local facilities are commissioned.
IFL is a major global composite materials pultrusion fabrication company,
specializing in "thin wall" pultrusion manufacturing. IFL is continuing to
actively integrate Version(TM) resin into its comprehensive range of composite
building and industrial products. IFL is headquartered in Toronto, Ontario,
and provides the global marketplace with composite material products.
RS is a composite material products technology company providing
engineered solutions to applications of its proprietary Version(TM) resin
material on a worldwide market basis. RS is also commercializing its
RStandard(TM) modular composite utility pole for sale to power utility
companies domestically and abroad.
"Version" and "RStandard" are trademarks of Resin Systems Inc. For more
information
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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