'Resin Systems EUCo. has received a purchase order to supply approximately U.S. $45 million of industrial conveyor system rollers made from its Version resin to a domestic EU mining conglomerate.'

Overview

Resin Systems Inc. operates in the composite material products industry and provides engineered solutions for its proprietary input materials, equipment and processes. The foundation of these solutions is the company's proprietary Version™ resin, which is being continuously developed through patent pending and trade secret knowledge.
 

Investment Highlights

• The company has received a three year, multi-million dollar purchase order from Inline Fiberglass Limited of Toronto, Ontario, Canada, to supply IFL with its Version(TM) resin which IFL will use to manufacture soffit architectural components using a pultrusion process. In accordance with the purchase order, RS will ship regular full container loads of Version(TM) resin to IFL on a weekly basis over a three year period commencing in the fourth quarter of 2005. The minimum value of the purchase order exceeds CDN $5-million per year.

Technology

Resin Systems develops engineered solutions and subsequently implements them in three distinct technology platforms: filament winding, pultrusion and moulding. Each of these platforms is unique in process, equipment and materials application. The utilization of their proprietary Version™ resin in each of these platforms requires uniquely specialized equipment and application. Once created, these specialized solutions create new proprietary applications, which result in a significant competitive advantage for RS.

Version™ is a revolutionary polyurethane-based thermoset resin system, which has proven advantages over traditional resin systems. It provides a superior performance in both production processes and finished goods, which has been confirmed by third-party testing. Products manufactured with Version™ have greater strength-to-weight ratio and improved impact resistance. Due to this strength contribution, less fibre reinforcement is required to produce parts of equal or greater strength than with traditional resin systems, which results in a significant cost-saving advantage to the manufacturer.

Fibre makes up approximately 70% of the material inputs in composite material products. Currently the fibre used in the company's engineered solutions is E-glass fibre manufactured primarily from the raw material of quartz. Currently, the fibre is sourced on the open market and their R&D department is continuously searching for alternatives to achieve improvements in performance and certainty of supply.

The base equipment structure for the platforms of filament winding, pultrusion and moulding is obtained from market manufacturers. However, the unique technology necessary for Version™ in winding, die and moulding applications are proprietary and totally developed in-house. This know-how is only available to others through our licensing arrangements.

During the past year, RS has developed a significant engineering and design capability and capacity. This increasing in-house expertise in the areas of chemistry, structural design and mechanical and process engineering will ensure that RS continues to provide increasing total engineered solutions in advance of the marketplace.

The Environment

RS strives to provide solutions that are stronger, lighter, greener and longer lasting.

A growing concern with conventional composites is the Volatile Organic Compound (VOC) content and the Hazardous Air Pollutants (HAPs) that are emitted during the manufacturing process. These environmental issues come about through the use of conventional resins that are found in most composites.

The issue of dangerous emissions during composite manufacturing processes has put the industry under a lot of scrutiny. Recent changes in environmental regulations in North America have resulted in lower allowable emission standards. As a result of these changes, composite manufacturing companies are searching for cost effective alternatives in order to maintain compliant production processes.

The company's patented Version™ resin provides the composite manufacturing industry with many unique and cost effective solutions; one of which is that Version™ resin does not result in VOC content and HAPs emission concerns. This advantage in turn affords the composite manufacturing industry the opportunity to save time and energy spent towards developing and implementing emission compliance solutions.

Composites in general are increasingly replacing conventional industrial materials such as wood, steel and aluminum in various new applications throughout our world. When products are made with environmentally friendly materials such as the company's Version™ resin, everyone can benefit from the strength, durability, light weight, and overall environmental benefits that composites offer over traditional materials.

One need only consider that during the 50 years which it takes an average tree to grow, one production line can manufacture at least 100 composite poles per day using Version™ resin. As a result of this effort, more than two million trees can be saved during this time frame.

Composites can also help reduce greenhouse gasses that cause global warming. Each tree saved by using these composite materials can absorb up to 10 pounds of pollutants from the air each year.
 

Market

The Resin Sector

There are essentially two major groups of resins: thermoset and thermoplastic.

Thermoset resins account for more than 70% of those used to make all composite products worldwide. Currently, North America is the largest composite products user and consumer in the world, and its thermoset resin market today is valued at more than US$ 11-billion.

Thermoset resins are usually liquids or solids with low-melting points in their initial form. When used to produce finished goods, thermoset resins are cured or hardened by a catalyst of some kind, or heat, or a combination of the two. Once cured, solid thermoset resins cannot be converted back to their original liquid form.

The dominant resins in the thermoset category are polyester, vinyl ester, polyurethane and epoxy. Of those, polyester resin is currently the dominant choice of manufacturers, with more than 70% of the market. However, polyester has the weakest property characteristics, with minimal strength or impact resistance capabilities.

Version™ has several outstanding characteristics that give it a strong competitive advantage over the traditional thermoset resins, including polyester. Due to its unique strength and impact resistance performance, Version™ has few competitors. It has superior performance characteristics compared to polyester and general purpose epoxies-and unlike epoxies, it is very competitive in price with traditional polyester and vinyl ester resins.

Recent News and Press Releases

• Resin Systems announces completion of $25 million unsecured convertible debenture offering
(Oct 7)
 

• Resin Systems announces its first regular shipment of RStandard utility poles to Australia (Tue Sept 6)

• Resin Systems Announces $26 Million USD Order for its RStandard(TM) Composite Utility Poles to a Major European Union Electric Utility Producer (Tue Aug 9)

• Resin Systems Expands Operations Into European Union and Announces Initial Purchase Order to Manufacture Approximately U.S. $45 Million of Industrial Conveyor System Rollers (Thu Aug 4)

• Resin Systems Retains KCSA Worldwide to Introduce Its Products and Services in the United States (Wed Aug 3)

• Resin Systems Completes Filament Winding Equipment Installation in Calgary Facility (Tue Aug 2)

• Resin Systems receives long-term purchase order for its Version(TM) resin from a leading pultrusion company (Tue May 17)

Management Team

Greg Pendura
President & Chief Executive Officer - RSI
 

Mr. Pendura is one of the original founders of RSI and formerly served as the Executive Vice-President. He has been involved with RSI since 1995 Mr. Pendura has owned and operated several successful manufacturing, trading and retail businesses in the Edmonton area. He is responsible for overseeing RSI’s corporate affairs. He works closely with other members of the Board of Directors and senior management in developing the RSI business strategy. Mr. Pendura continues to develop solid relationships with the investor and financial communities. A former High School Teacher with a Masters degree in Education, Mr Pendura provides steady leadership to the corporation.
 

Paul Giannelia
Chief Executive Officer, RS Technologies
 

Mr. Giannelia has been with RS in his present capacity since October 2003. He is responsible for overseeing the corporate operations of RS Technologies, the operating division of Resin Systems Inc., which is responsible for the engineering, design, production and sales of all RS product lines. Mr. Giannelia has extensive experience in start-up business and brings more than 30 years of experience to RS. Mr. Giannelia was founder, President and CEO of SC Infrastructure and Strait Crossing Inc., two global infrastructure leaders, which were responsible for the building of the Confederation Bridge in Atlantic Canada. He has an Economics Degree from Wilfred Laurier University, an Honourary Doctorate - Science (Engineering) from the University of New Brunswick, and Honourary Doctorate Degrees (Law) from Wilfred Laurier University and the University of Calgary. He also holds an Honourary Membership in the Engineering Institute of Canada.
 

Robert Schaefer, CA
Chief Financial Officer
 

Mr. Schaefer joined the RS team as Chief Financial Officer in August 2005. He is responsible for all the company's financial affairs and has extensive experience in growth-oriented companies, with over 17 years of experience in Canada, the United States and Europe. Most recently, Mr. Schaefer was a business development executive within the energy industry in Canada and the United States, responsible for mergers and acquisitions and growth initiatives. Prior to that, he served as CFO for a large gas marketing organization, where he was responsible for all financial functions and new business development. Mr. Schaefer has a Bachelor of Commerce degree from the University of Calgary and is a Chartered Accountant, with membership in the Institute of Chartered Accountants of Alberta.
 

Michael Giannelia, CET
Vice-President, Commercial
 

Mr. Giannelia joined the RS executive management team in early 2004. He provides the company with a strong commercial and administrative management background, with core strengths and expertise in insurance, contracts and administrative controls as well as corporate and project finance. Mr. Giannelia’s experience encompasses nearly twenty years of administrative management and cost control systems implementation, in both domestic and international environments. Mr. Giannelia is a Certified Engineering Technologist through ASET and is an honours graduate of Civil Engineering at Ryerson Polytechnical Institute in Toronto. He is a member of the Association for the Advancement of Cost Engineering (AACE).
 

Milena Radakovic, MBA
Vice-President, Marketing
 

Ms. Radakovic has a strong marketing background and the expertise needed to head up the RS marketing team. She holds an MBA and has ten years of experience managing, promoting and marketing both products and services in high tech, as well as industrial, markets. Ms. Radakovic's background includes working with a very profitable high-tech enterprise, as well as working with a large utility agency.
 

Contacts

Head Office

Calgary
2421 - 37 Avenue NE, Calgary
Alberta, Canada T2E 6Y7

T: +1 (403) 219-8000
F: +1 (403) 219-8001
Toll Free: +1 (877) 219-8002
 

Edmonton
14604-115A Avenue, Edmonton
Alberta, Canada T5M 3C5

T: +1 (780) 482-1953
F: +1 (780) 452-8755
Toll Free: +1 (866) 482-2999

SEDAR Filings

RS filings with SEDAR can be found here. All Fillings are current and the Company is fully reporting.

FORWARD LOOKING STATEMENTS

This report includes forward-looking statements that reflect Resin Systems, Inc. current expectations about its future results, performance, prospects and opportunities. Resin Systems, Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause Resin Systems, Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.

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AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for Resin Systems, Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.

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