Innovative Composites Secures New Customer for Composite Containers

CALGARY, Jan. 27 /CNW/ - Innovative Composites International Inc. (IC:TSX-V) ("ICI" the "Company"), announced today that it has received a purchase order for 30 composite containers from Franklin Self Storage, Store All ("Store All"), a Canadian private company.

The containers will be used to launch Store All's entry into the Mobile Storage Business. Store All has developed a state of the art container handling system that greatly improves efficiency for a business that has not seen much innovation over the past decade. The utilization of ICI's composite containers allows Store All to further improve efficiency by taking advantage of the significantly reduced weight, foldable design and increased durability.

The first 30 containers, engineered specifically to meet Store All requirements, will be used in a Cambridge, Ontario facility that will house several hundred containers once fully operational. Store All is planning to roll out the concept as an agency business across approximately 50 cities in North America over the coming years. Every agent would initially commit to purchasing 27 containers and order additional containers as needed. Each location should have a target capacity of approximately 200 containers.      

Tony Campbell, owner of Store All said: "The quality of the product being produced by ICI and the cutting edge technologies used by the firm are a natural fit for Store All and we felt confident in choosing ICI to engineer and manufacture our proprietary storage containers. Our business is built on a premise of expansion and we feel having ICI as a supplier can help us grow exponentially."

"ICI has been looking to expand its composite container business and Store All is a great example of how we plan to do that. The product has been engineered to customer specifications and we managed to deliver a better product at a better price. We look forward to expanding our relationship with Store All as their business grows" said Terry Ball, President of ICI.

About Franklin Self Storage, Store All    

Located in Cambridge, Store All is one of Ontario's largest indoor storage facilities. Offering climate controlled lockers or our mobile storage containers Store All has a solution that will suit your moving or storage needs. We make the hassle of moving convenient, and satisfying. Our newly renovated building is a state-of-the-art "Generation 3" facility - offering an unparalleled product and service that makes it one of Ontario's Premier Self Storage Facilities.

To find out more about Franklin Self Storage, Store All, please visit our website at: www.franklinselfstorage.ca

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 projections."

SOURCE Innovative Composites International Inc.

For further information:

Contact 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.

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