CALGARY, March 16 /CNW/ - Resin Systems Inc. ("RS") (RS - TSX/RSSYF -
OTCBB), a composite products innovation company, today announced an update on
the RStandard(TM) modular composite pole order to an established European
Union ("EU") energy producer. This order, announced August 9, 2005, was for
RStandard poles with heights between 32 metres (105 feet) and 41 metres
(135 feet) for an approximate value of $26 million USD. As further announced
on November 30, 2005, RS shipped an initial container of RStandard poles to
the EU energy producer for testing. Once independent testing was completed, RS
was to begin shipments under the order.
As part of RS's 2007 business strategy announced February 2, 2007, RS's
main focus for the RStandard business line is in the domestic market through
its exclusive distribution agreement with HD Supply Utilities, a subsidiary of
The Home Depot(R). RS understands that the EU energy producer continues to
evaluate the initial poles; however RS has no near-term plans to make any
shipments under the original order given its current focus on the domestic
RS will advise the market if and when material shipments are expected to
RS is a composite product innovator. RS develops advanced composite
products for large-scale industrial markets. These products replace products
which traditionally have been made using conventional building blocks of wood,
concrete and steel. The foundation of RS is continuous innovation and product
development utilizing its proprietary Version(TM) polyurethane resin system.
RS has successfully developed the VRoll(TM) bulk material handling system
roller tube and the award winning RStandard(TM) modular composite transmission
and distribution structure. For the latest on RS's developments, click on
"Latest News" on www.grouprsi.com.
"Version", "RStandard" and "VRoll" are trademarks of RS.
For further information:
For further information: Resin Systems Inc., Laurien Abel, Investor and
Public Relations Coordinator, Tel: (403) 219-8000, Fax: (403) 219-8001, Email: