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Thermwood

Resin Systems Starts Commercial Production

04 September 2007

Resin Systems’ contract manufacturer, Global Composite Manufacturing, has begun commercial production of RStandard utility poles from the first production cell in Tilbury, Ontario.

Commercial production has begun following the completion last week of climate controls on the first production cell and all required quality checks. Production began with one shift and Global Composite Manufacturing plans to add second and third shifts shortly with full production from the first cell anticipated in the fourth quarter. The finished product will initially be dedicated to customer shipments and trial production of several product improvements developed this year.

“The beginning of commercial production is a critical milestone reached through the dedicated joint effort of Global Composite Manufacturing and RS over many months. We will now turn our attention to adding shifts on the first cell and working on the preparation of the second cell,” said Paul Giannelia, president and chief executive officer. “These are the next important steps in reaching our goal of establishing meaningful revenue increases by the end of this year and reaching profitability in 2008.""