CALGARY, June 27 /CNW/ - Resin Systems Inc. ("RS") (RS - TSX / RSSYF -
OTCBB), a technology innovator that develops advanced composite material
products for infrastructure markets, announced today that its composite roller
tubes have been selected to replace existing steel roller tubes in a bulk
material handling load-out facility. The load-out facility loads vessels for
the export of potash abroad.
This order is the first permanent replacement of traditional steel built
roller tubes with RS's exclusive advanced composite material roller tubes in
the highly corrosive and abrasive environment of potash handling. The
RStandard(TM) composite roller tube is more corrosion and abrasion resistant
than steel tubes and the weight of the total assembly is significantly less.
These value added benefits provide the user lower installation and operating
costs as well as a bulk material handling system with significantly longer
performance life compared to steel-based handling systems. The operator of
this load-out facility is starting the permanent replacement in the harshest
and most corrosive areas. RS anticipates the operator will transition the
remaining facility over time.
RS first introduced the RStandard composite roller tube to the market in
the second half of 2007 in the form of pilot installations. The pilot
installations allow the end-user to trial the new product and understand first
hand its value added features before selecting RStandard roller tubes for
their entire facility needs. Since the beginning of the product launch in
mid-2007, the number of pilot installation orders continues to grow for
application in a variety of bulk material handling environments. The above
first permanent replacement order was a result of the very first pilot
installation in the fall of 2007.
"This first order for permanent replacement RStandard roller tubes is a
significant milestone for our new product" said Paul Giannelia, chief
executive officer and president of RS. "We expect that in the next year, our
roller tube business will have a growing impact on our revenues".
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.
RS designs, engineers and develops its products in-house, while
outsourcing where applicable, its manufacturing and distribution.
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: Resin Systems Inc., 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