EDMONTON, May 17 /CNW/ - Resin Systems Inc. (RS - TSX Venture/RSSYF -
OTCBB), a composite material products technology company, and its operating
division, RS Technologies (collectively, "RS"), are pleased to announce that
RS has received a three year, multi-million dollar purchase order from Inline
Fiberglass Limited ("IFL") of Toronto, Ontario, Canada, to supply IFL with its
Version(TM) resin which IFL will use to manufacture soffit architectural
components using a pultrusion process. In accordance with the purchase order,
RS will ship regular full container loads of Version(TM) resin to IFL on a
weekly basis over a three year period commencing in the fourth quarter of
2005. The minimum value of the purchase order exceeds CDN $5-million per year.
IFL has an ongoing multi-year contract to furnish soffit architectural
components to Pulte Homes, Inc. (NYSE: PHM), a major housing industry builder
headquartered in Bloomfield, Michigan (http://www.pulte.com/). Prior to the
introduction of RS's Version(TM) resin, IFL manufactured the soffits using
polyester resins.
About Inline Fibreglass Limited
IFL is a composite materials pultrusion fabrication company, specializing
in "thin wall" pultrusion manufacturing. The company pultrudes custom profiles
for a variety of end users, including Pulte Homes, Inc. IFL is actively
integrating RS's 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.
About Resin Systems Inc.
RS is a composite material products technology company providing
engineered solutions developed for its proprietary input materials, equipment
and processes. The foundation of these solutions is based on RS's patented
Version(TM) polyurethane resin, which is being continuously developed through
additional patent pending and trade secret knowledge. RS is also
commercializing its RStandard(TM) modular composite pole for sale to power
utility companies worldwide. For more information on RS, visit
www.grouprsi.com.
"Version" and "RStandard" are trademarks of Resin Systems Inc.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
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