EDMONTON, March 27 /CNW/ - Resin Systems Inc. (RS - TSX / RSSYF - OTCBB),
a composite material products technology company ("RS"), announced today that
it has begun production from its second production cell for RStandard(TM)
utility structures and plans to reach 24 hour operation in the beginning of
May. This is expected to follow shortly after the company reaches 24 hour
operation on its first production cell in mid-April.
During the second quarter, RS will complete the final training of its
production shift teams with maximum throughput from the two cells to be
reached as of the beginning of the third quarter. RS management expects
throughput levels to reach 70% in early May, rising to full capacity by the
third quarter. At capacity, the Calgary facility will annually produce 10
thousand metric tons of RStandard utility structures with a value of
approximately $50 million USD.
Over the past several months RS has been completing the production
systems integration and programming necessary to produce all component modules
of RStandard structures up to 120 feet in all load classifications. RS has
received certification for these module heights from Colorado based EDM
International Inc., a recognized independent leader in electrical utility
structure testing and engineering research.
"This is a significant corporate milestone as we can now replicate
production cells, accelerate our business model and ramp up production
capabilities for both ourselves and our licensees. Production cell No. 1 is
capable of producing modules up to 135 feet in height, whereas production cell
No. 2 will be able to produce modules up to 195 feet," said Greg Pendura,
Chairman, CEO and President of Resin Systems Inc. "Now that we can produce
modules for structures over 135 feet, we are able to proceed with the
production and delivery of RStandard utility structures to our previously
announced Chinese and EU customers so they can complete the testing and
approval process in their respective countries."
About RS
RS is a composite product innovator. RS engineers advanced composite
products for large-scale industrial markets. These products replace products
which historically have been made using conventional building blocks of wood,
concrete and steel. The foundation of RS is continuous innovation, product
development and its proprietary Version(TM) polyurethane resin system.
RS's business strategy is to continually seek out future business
opportunities in its realm of expertise while applying a focused, disciplined
approach to commercializing those opportunities that pass its business tests.
To date, RS has successfully developed and brought to market the award winning
RStandard modular composite transmission and distribution structure and is in
various stages of development with other composite products. For the latest on
RS's developments, click on "Latest News" on www.grouprsi.com.
"Version" and "RStandard" are trademarks of Resin Systems Inc.
