09 September 2005
09 September 2005
Resin Systems Inc, a composite material products technology company, will make its first regular shipment of RStandard modular composite utility poles to its licensee, Armor Utilities Structures Pty Limited (""AUS"") of Sydney, Australia.
The first full container load of RStandard utility poles, all manufactured in RS Alberta production facilities, will be shipped this week. The second container will be shipped within the next three weeks and ongoing regular shipments are anticipated until the AUS production facilities are fully operational, which is expected at the end of the fourth quarter in 2006.
The orders are an outgrowth from the original agreement announced in May 2005, in which RS granted a license to AUS to use its technology for the manufacture and sale of RStandard utility poles in Australia and New Zealand (the ""Territory""). Until AUS's production facilities are fully operational, all RStandard utility poles to be distributed in the Territory will be manufactured in RS's Alberta production facilities and shipped to AUS for distribution.
AUS is a wholly owned subsidiary of Armor Australia Pty, Limited (""Armor""), which is a composite materials engineering and manufacturing company specializing in composite moulding armour panel applications. Armor works within a variety of industries providing engineered composite solutions from design and prototyping through to providing fully designed and operational production cells. Since 2004, Armor has been engaged by the Australian electrical energy transmission and distribution industry to investigate the use of fibre composites to meet the industry's growing need for replacement of its utility pole structures. Armor is located in Sydney, Australia.
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