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
SOURCE Innovative Composites International Inc.
For further information:
Chief Financial Officer
(416) 646 0754
Brisco Capital Partners