Resin Systems Inc - Business Update

14 September 2000

Chemical technologies company, Resin Systems Inc. announced it has received further test results, conducted by the Alberta Research Council (ARC), that demonstrate significant mechanical property improvements over previously announced results. On-going refinements through their product development program have yielded a 20% improvement in Tensile Modulus and a 10% improvement in Stress Modulus. Company President and CEO, John McCrae, has indicated that the product formulation is now production ready, and that RSI will introduce its new product to the anticipated 5,000-plus attendees of the Composites Fabricators Association trade show in Las Vegas at the end of this month. While the official marketing campaign for the new resin has not yet begun, the company is already working with two large North American customers to schedule initial production trials in the next month. Additionally, beta site customer Omniglass Ltd., of Winnipeg, will commence production using RSI's "Version" resin in the last week of September.

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