18 February 2010
18 February 2010
Innovative Composites International (ICI) has received a purchase order for commercial construction panels from Engineered Plastics Incorporated (EPI), a Canadian specialty composite products manufacturer that serves the infrastructure/construction, mass transit and corrections industries.
EPI is in the process of completing the construction of a flagship Mercedes Benz dealership in Hamilton, Ontario and will utilize ICI's Fiber Reinforced Thermoplastic (FRT) panels for the construction of several wall sections.
ICI and EPI have entered into a three year exclusive Distribution Agreement whereby ICI's proprietary panels will be purchased by EPI for application in construction of commercial buildings: including wall and roof systems, hurricane shutters, mass transit platforms, pedestrian walkway systems, and construction of correctional facilities. Design and engineering will be a joint effort with EPI providing application engineering and ICI providing product engineering.
Mr. Ken Szekely, President of EPI commented, ""I am excited about the opportunity of combining EPI's expertise of engineering composite products and our extensive distribution channels with ICI's products which I believe provide a superior performance with competitive market pricing. EPI is confident that through this strategic alliance ICI will have the opportunity to fast track the implementation of its unique technology into the commercial construction marketplace.""
Terry Ball, ICI's Chief Executive Officer said, ""Having an absolute composite expert such as EPI sign up to distribute our FRT panels gives us additional confidence in the superiority of our products in terms of attributes and pricing. We consider EPI to be an absolute leader in their industry and are excited to have opened up a new market for our structural FRT panels.""
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