EDMONTON, Nov. 30 /CNW/ - Resin Systems Inc. (RS - TSX Venture /
RSSYF - OTCBB), a composite material products technology company through its
operating division, RS Technologies ("collectively RS"), is pleased to
announce that commercial production of its RStandard(TM) utility structures
have started from the first production cell at its Calgary, Alberta plant. In
addition, installation of the second production cell, announced on August 2,
2005, is currently underway and will be operational in Q1 2006. At full
capacity, the two production cells are capable of producing approximately
$50 million USD of RStandard utility structures annually.
Shipments of RStandard utility structures have now started from the
Calgary plant. The first container of poles has been shipped to a European
Union ("EU") energy producer and is the first shipment of a $26 million USD
order announced on August 9, 2005. The order is for utility poles ranging in
lengths from 32 metres (105 feet) to 36 metres (120 feet) and will be filled
over the next two years.
"We are pleased that our Calgary plant is up and running, and starting
customer shipments," said Greg Pendura, Chairman, President & Chief Executive
Officer. "We are now filling orders and working on our growing backlog."
About RS
RS operates in the composite material products marketplace and provides
engineered solutions that are developed with its proprietary input materials,
equipment and processes. The foundation of these solutions is based on the
company's proprietary polyurethane Version(TM) resin system. RS is
continuously building on this foundation through additional patent pending and
trade secret knowledge. The company's engineered solutions are developed and
implemented in three distinct technology platforms, one of which is filament
winding, which has resulted in the development and production of the
RStandard(TM) modular composite utility pole. RS is commercializing the
RStandard for sale to power utility companies both domestically and
internationally. The RStandard modular composite utility pole application is
the winner of the 2005 ACE award from the American Composites Manufacturers
Association for the most creative application and innovative use of composites
material.
For the latest on the company's developments, click on "Latest News" on
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.
This news release contains forward-looking statements. The forward-
looking statements are not guarantees of future performance and undue reliance
should not be placed on them. Actual results may differ materially as a result
of any number of factors and uncertainties, many of which factors are beyond
RS's control. Many of these risks and uncertainties are described in RS's
revised annual information form dated June 29, 2005, RS's management's
discussion and analysis and other documents RS files with the Canadian
securities authorities.
This release is available on the KCSA Public Relations Worldwide Web site
at www.kcsa.com.
