TORONTO, Jan. 20 /CNW/ - Innovative Composites International Inc.
(IC:TSX-V) ("ICI" the "Company"), announced today that it has filed provisional patent applications on
three new products: a composite ballistic and blast mitigation panel
and two advanced fire retardant products to be utilized in ICI's
existing product line as well as in stand alone applications.
Ballistic/Blast Mitigation System. This composite sandwich panel construction can enhance a number of ICI's
products by providing protection from explosive energy as well as
shrapnel and bullets. Applications for this product may include command
and communication structures for the military, protective wall sections
for vulnerable areas in government buildings, as well as lobby and
reception areas of banks, hotels and other commercial establishments
where there is a need to protect personnel in the event of an attack.
Fire Retardant Resin/Additive. This non-toxic, bromide and halogen-free fire retardant product can be
utilized as an additive to be incorporated into polymers, rubbers,
foams and other synthetic materials. This eco-friendly compound
replaces harmful brominated organic compounds, phosphorous, or other
environmentally hazardous materials that are being used in the industry
today. Applications include enhancement of the fire retardant
properties of ICI's thermoplastic products and a wide variety of stand
alone applications in the fire safety industry.
Fire Retardant Binder. This advanced binder system can be utilized to bond a fire retardant
agent to a variety of composite and textile materials in order to
create durable protection. Applications include military, fire fighter
and police uniforms, industrial and consumer products that are subject
to fire safety codes and a variety of composite and conventional
"These patents will improve our intellectual property portfolio and help
market our core product line into potentially lucrative niche markets
such as the military. Without taking the focus off the affordable
housing and transportation industries we continue development of
advanced products that will help us to stay ahead of any potential
competitors," said ICI President and CEO Terry Ball. "Not only can
these products add a new dimension to our core thermoplastic building
panels but they have the potential to expand our business into a range
of other commercial applications," he said.
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, 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:
Chief Financial Officer
Brisco Capital Partners