CALGARY, Sept. 5 /CNW/ - Resin Systems Inc. ("RS") (RS - TSX/RSSYF -
OTCBB), a technology innovator that develops advanced composite material
products for infrastructure markets, is pleased to announce that it has
entered the telecommunication tower market with its RStandard(TM) modules.
Sales and Marketing Update
This is a new application and market segment for RStandard modules. The
telecommunication tower industry is a large, growing multi-million dollar
sector with a global reach. RS's modules are well-suited for this market
because telecommunication towers are large, often in excess of 27 meters
(90 feet) high, and frequently installed at sites with difficult access.
RStandard modules are significantly lighter and easier to handle than
conventional steel telecommunication towers allowing for ease of installation
and the use of smaller and more cost-effective transportation and hoisting
equipment. In addition, the modules are essentially maintenance-free and have
a significantly longer life than traditional steel structures.
RS has started initial deliveries of modules to a major
telecommunications end-user in Atlantic Canada.
"We are excited about this new market opportunity," said Paul Giannelia,
president and chief executive officer of RS. "The value added benefits of
RStandard modules are compelling and the telecommunications industry is
innovative and growing on a global scale. These combined factors provide
another great new business opportunity for RS."
Manufacturing Transition Update
Further to the previous announcement on August 1st, 2008 regarding the
transition of RStandard module manufacturing from Global Composite
Manufacturing ("GCM") to RS, manufacturing is continuing and shipments are
increasing from the Tilbury plant. The production capacity at the plant is
growing at a controlled rate and current scheduled deliveries are being made.
The transition of manufacturing to RS's control is relatively complete
with the recent court and legal determination that RS's contract manufacturer,
GCM, was declared bankrupt on September 3, 2008.
RS is a technology innovator that develops advanced composite material
products for infrastructure markets. These advanced material products are not
only structurally superior to products made with traditional building blocks
of wood, steel or concrete, they are also lighter, more durable and
longer-lasting. The company has entered the global market with its award
winning utility poles and conveyor roller tubes as its two initial products,
and continues to identify a growing list of additional innovative products.
For the latest on RS's developments, go to the company's website at
"RStandard" is a trademark of RS.
For further information:
For further information: Dimitrios (Jim) Leonidas, Chief Financial
Officer, Tel: (403) 219-8000, Fax: (403) 219-8001, Email: email@example.com;
Laurien Abel, Investor and Public Relations Coordinator, Tel: (403) 219-8000,
Fax: (403) 219-8001, Email: firstname.lastname@example.org