Business
Resin Systems Nearing Full Production Capability at Calgary Facility
Resin Systems Nearing Full Production Capability at Calgary Facility.
About this update from Real Estate Split Corp Class A
[{"type":"text","content":"\n\n\n\n\nEDMONTON, March 27 /CNW/ - Resin Systems Inc. (RS - TSX / RSSYF - OTCBB),\na composite material products technology company (\"RS\"), announced today that\nit has begun production from its second production cell for RStandard(TM)\nutility structures and plans to reach 24 hour operation in the beginning of\nMay. This is expected to follow shortly after the company reaches 24 hour\noperation on its first production cell in mid-April.\nDuring the second quarter, RS will complete the final training of its\nproduction shift teams with maximum throughput from the two cells to be\nreached as of the beginning of the third quarter. RS management expects\nthroughput levels to reach 70% in early May, rising to full capacity by the\nthird quarter. At capacity, the Calgary facility will annually produce 10\nthousand metric tons of RStandard utility structures with a value of\napproximately $50 million USD.\nOver the past several months RS has been completing the production\nsystems integration and programming necessary to produce all component modules\nof RStandard structures up to 120 feet in all load classifications. RS has\nreceived certification for these module heights from Colorado based EDM\nInternational Inc., a recognized independent leader in electrical utility\nstructure testing and engineering research.\n\"This is a significant corporate milestone as we can now replicate\nproduction cells, accelerate our business model and ramp up production\ncapabilities for both ourselves and our licensees. Production cell No. 1 is\ncapable of producing modules up to 135 feet in height, whereas production cell\nNo. 2 will be able to produce modules up to 195 feet,\" said Greg Pendura,\nChairman, CEO and President of Resin Systems Inc. \"Now that we can produce\nmodules for structures over 135 feet, we are able to proceed with the\nproduction and delivery of RStandard utility structures to our previously\nannounced Chinese and EU customers so they can complete the testing and\napproval process in their respective countries.\"\n\nAbout RS\nRS is a composite product innovator. RS engineers advanced composite\nproducts for large-scale industrial markets. These products replace products\nwhich historically have been made using conventional building blocks of wood,\nconcrete and steel. The foundation of RS is continuous innovation, product\...