INNOVATIVE COMPOSITES SECURES MORE ORDERS FOR STORAGE CONTAINERS

Increase in Purchase Orders Results in Adding a Second Shift at Manufacturing Facility

TORONTO, May 4 /CNW/ - Innovative Composites International Inc. (IC:TSX-V) ("ICI" the "Company"), announced today that it has secured two new customers for its composite mobile storage containers. A purchase order for 20 containers was placed by a Canadian storage enterprise and a US-based moving-and-storage company purchased several containers to be placed in their fleet to be tested in real life conditions.

ICI's composite containers provide an affordable, durable and lightweight alternative to traditional steel container products allowing for significantly higher payloads and/or fuel savings. Another important feature is the ability to fold the composite containers quickly and without utilization of any machinery. A 53' tractor trailer can carry up to 24 folded containers compared to only two conventional ones. This allows moving and storage companies to utilize their vehicle fleets more efficiently and address the current shortage of trailers and drivers.

The production of the composite containers for the Canadian company will begin immediately and adds to the expanding list of confirmed purchase orders that ICI now has on its books. The US-based moving-and-storage company has started testing the ICI containers this week and is expected to complete evaluation and place possible follow-up orders in the near future. This customer is one of the 20 largest transportation companies in the US and brings the total number of ICI's active container customers to four.

"We continue to generate continuous revenue in the transportation industry, specifically expanding sales in composite containers, trailers and tonneau covers. As of today, over $450,000 worth of finished goods are scheduled to be shipped out in the next 8 weeks which further speaks to the acceptance of our products in our target markets," said ICI President and CEO Terry Ball. "It is very important for ICI to continue growing transportation industry revenue while we are working on securing anticipated large scale housing contracts," he added.

The recent increase in the number of purchase orders resulted in adding a second shift at the Sault Ste. Marie manufacturing facility. High unemployment in the area and the proximity to the Lake State University provides a good pool of qualified labour to staff required positions.

About Innovative Composites International Inc.

Headquartered in Toronto, Canada, ICI is a high-tech engineering and manufacturing company established in 2007 by a group of entrepreneurs with a successful track record in commercializing advanced materials.

The Company is currently focused in two areas: Structure LiteTM panels, a unique line of application-ready structural composite panels and Hero 451TM, a line of environmentally friendly fire inhibitors and suppressant. ICI's goal is to deliver products that exceed industry standards with greater durability, strength, flexibility and safety.

ICI is partnering directly with leaders in its target industries as it considers it to be the fastest way to bring products to market. ICI's customized solutions are intended to provide partners with material advantages over their competitors.

To find out more about Innovative Composites International Inc. (IC: TSX-V), please visit our website at http://www.innovativecompositesinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

"Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, potential cancellation of existing purchase orders, the demand for ICI's products and the availability of funding. These forward-looking statements are made as of the date hereof and ICI does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from ICI's expectations and projections."

SOURCE Innovative Composites International Inc.

For further information:

Ilja Troitschanski
Chief Financial Officer
(416) 646 0754
ilja@innovativecompositesinc.com

or

Graeme Dick
Brisco Capital Partners
(403) 561-8989
graeme@briscocapital.com

Profil de l'entreprise

Innovative Composites International Inc.

Renseignements sur cet organisme


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.