07 June 2011
07 June 2011
Innovative Composites International (ICI) has received purchase orders for the supply of composite panels to a North American automotive aftermarket company.
The program is expected to ramp up to approximately $5 million in revenue annually within the next six to nine months, bringing the company a step closer to positive cash flow.
The program is expected to have a five to six year life span at full capacity. According to ICI, their panels replace a conventional material currently used by the customer and offer a better strength to weight ratio, are impervious to weathering, rot and corrosion and are completely recyclable. Purchase orders for the first four months have already been released to ICI. ""This program is a natural fit for our core product,"" said Terry Ball, President and CEO of ICI. ""Not only will it utilize our recently expanded production capacity at the Sault Ste. Marie plant, but once fully ramped up bring ICI a major step closer to being cash-flow positive,"" he said.
The American Composites Manufacturers Association participated in a roundtable discussion about the IMAGINE Act. Known as the Innovative Materials in American Growth and Infrastructure, Newly Expanded (IMAGINE) Act, the new bill is designed to promote the increased use of innovative materials like fibre reinforced polymer (FRP) composites, as well as new manufacturing methods to accelerate the deployment and extend the life of infrastructure projects.
After the collapse of a drinking water pipeline in downtown Amsterdam, the Netherlands, Insituform was contracted to reline a close to 100 year old pipe underneath one of the canals. Water was restored successfully within five days, with minimal impact on traffic and the environment.
Australian organisations Austrak, Laing O’Rourke and the University of Southern Queensland (USQ) have joined forces to develop polymer composite solutions for bridge transoms in a $10 million project titled Polymer Composite Transoms for Rail Bridge Deck Replacement (CompTrans).