TORONTO, Dec. 14 /CNW/ - Innovative Composites International Inc.
(IC:TSX-V) ("ICI" the "Company"), is pleased to announce that its ballistic composite panels have been
certified to National Institute of Justice ("NIJ") standard 0108.01
Level IV, the highest NIJ certification level.
This standard is applicable to all ballistic restraint materials
(armour) intended to provide protection against gunfire for fixed
structures and for the occupants of vehicles. The test weapon used in
this test is a rifle firing 30 calibre armour piercing bullets (U.S.
military designation APM2) at velocities of approximately 868 meters
(2850ft) per second.
ICI is currently working with companies in Canada, USA and Mexico to
integrate ICI's ballistic panes in various armoured products. ICI
ballistic panels offer significant weight advantages compared to steel
products and ICI and its customers see various applications for the
military and public safety industries. Although the composite armour
market is still in its infancy, increased instability in regions like
Mexico and the Middle East has steadily driven the demand for bullet
proof vehicles and structures.
"Ballistics is a market with notoriously long sales cycles, but can be
very lucrative once you are able to get through the required
procedures. ICI's partners are established players and the recently
obtained NIJ Level 4 certification should allow us to accelerate
development efforts and secure market share." said Terry Ball,
President and CEO of ICI.
About Innovative Composites International Inc.
Innovative Composites International is an integrated high-tech
engineering and manufacturing company that commercializes an IP
protected line of state-of-the-art composite products for applications
in the housing, construction and transportation industries.
The company, with offices in Toronto and a manufacturing facility in
Sault Sainte Marie, Michigan, is led by an executive and engineering
team that has more than 100 years of experience in the high-tech
Since its inception in 2007 ICI has negotiated and signed significant
partnership deals with leaders in its multi-billion target markets,
providing its partners with competitive advantages over other providers
in their industries.
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, 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
SOURCE Innovative Composites International Inc.
For further information: For further information:
Chief Financial Officer
(416) 646 0754 x 100
Brisco Capital Partners