CALGARY, Jan. 25, 2013 /CNW/ - RS Technologies Inc. ("RS" or the "Company"), an ISO 9001:2008 certified company that designs, engineers and manufactures composite utility poles, today announced certain changes to its arrangement with HD Supply Power Solutions, Ltd. (formerly HD Supply Utilities, Ltd.) ("HDSPS"), including the termination of the exclusive Distribution Agreement between RS and HDSPS in place since November 2009.
Pursuant to a new Distribution Agreement with HDSPS, which replaces the previous agreement, RS's composite poles will be distributed by HDSPS to utility companies in the province of Ontario. The utility companies that HDSPS will work with includes Hydro One Inc., a utility which has been using RS poles since approximately 2006, as well as a number of other local and regional utility companies in Ontario. The new agreement also provides for RS and HDSPS to work together outside of Ontario on a project-by-project basis to continue to collaborate to sell RS poles. Unlike the previous agreement, the new agreement does not set out minimum quantities for HDSPS to purchase, nor is RS restricted to working solely with HDSPS in utilities not set out in the new agreement. Outside Ontario, RS will sell its poles directly to utility companies.
"We are pleased to announce the continuation of our work with HD Supply Power Solutions in Ontario, where numerous installations of our poles exist in a host of transmission and distribution voltages," stated Howard Elliott, President and CEO of RS.
RS is an ISO 9001:2008 certified company that designs, engineers and manufactures composite utility poles. The poles are used in transmission, distribution and communication applications and offer a lighter, more durable and longer-lasting solution over wood, steel and concrete alternatives. In many instances, the environmentally friendly poles deliver the lowest total installed and lifecycle cost solution of any pole on the market. With installations dating back to 2003, RS has over 280 customers globally.
For the latest on RS's developments, go to the company's website at www.RSpoles.com.
SOURCE: RS Technologies Inc.
For further information:
Investor Relations and Communications
Tel: (403) 219-8000
Fax: (403) 219-8001