CALGARY, Nov. 27, 2012 /CNW/ - RS Technologies Inc. ("RS" or the "Company"), an ISO 9001:2008 certified company that designs, engineers and manufactures composite utility poles, today announced that it has filed its unaudited interim consolidated financial statements for the three and nine month periods ended September 30, 2012 and the related management's discussion and analysis with Canadian securities regulatory authorities. Copies of these documents are available at www.sedar.com.
"RS's sales slowed during its third quarter, corresponding with reduced pole purchases during the summer months. That said, the Company added ten new customers in the quarter and is encouraged that sales for the year were about 67% higher than for the same period in 2011," stated Howard Elliott, President and CEO of RS. "We are pleased to have added Melbye Scandinavia as an investor in our business during the quarter with their participation in the $6 million secured convertible debenture. We are excited about continuing to work with Melbye to drive adoption of our poles in their region and about their participation on our Board of Directors."
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.
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