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Whitewater Specialties Changes Corporate Name

03 May 2002

Whitewater Specialties Ltd., one of North America's largest thermosets designers/manufacturers, has changed its name to Whitewater Composites Ltd.

""This new name better reflects our core capabilities of engineering and manufacturing high-quality fiberglass and polyurethane parts"", explained Stuart Burns, President of Whitewater Composites Ltd. ""This change underscores our corporate strategy of focusing on new market sectors for increased growth, in particular promoting our Contract Manufacturing capabilities to product and equipment developers throughout North America.""

The name change culminates a very successful 12-months for Whitewater Composites that has seen strong growth for fiberglass architectural and building products. ""We are forecasting 10% sales growth for architectural products in 2002"", added Mr. Burns. ""We are very excited about our ongoing investments in advanced fabrication techniques, such as Resin Transfer Molding, which has resulted in several key contract manufacturing contracts in Canada and USA.""






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