Innovative Composites Obtains Important Ballistic Certification
TORONTO, Dec. 14 /CNW/ - Innovative Composites International Inc. (IC:TSX-V) ("ICI" the "Company"), is pleased to announce that its ballistic composite panels have been certified to National Institute of Justice ("NIJ") standard 0108.01 Level IV, the highest NIJ certification level.
This standard is applicable to all ballistic restraint materials (armour) intended to provide protection against gunfire for fixed structures and for the occupants of vehicles. The test weapon used in this test is a rifle firing 30 calibre armour piercing bullets (U.S. military designation APM2) at velocities of approximately 868 meters (2850ft) per second.
ICI is currently working with companies in Canada, USA and Mexico to integrate ICI's ballistic panes in various armoured products. ICI ballistic panels offer significant weight advantages compared to steel products and ICI and its customers see various applications for the military and public safety industries. Although the composite armour market is still in its infancy, increased instability in regions like Mexico and the Middle East has steadily driven the demand for bullet proof vehicles and structures.
"Ballistics is a market with notoriously long sales cycles, but can be very lucrative once you are able to get through the required procedures. ICI's partners are established players and the recently obtained NIJ Level 4 certification should allow us to accelerate development efforts and secure market share." said Terry Ball, President and CEO of ICI.
About Innovative Composites International Inc.
Innovative Composites International is an integrated high-tech engineering and manufacturing company that commercializes an IP protected line of state-of-the-art composite products for applications in the housing, construction and transportation industries.
The company, with offices in Toronto and a manufacturing facility in Sault Sainte Marie, Michigan, is led by an executive and engineering team that has more than 100 years of experience in the high-tech manufacturing sector.
Since its inception in 2007 ICI has negotiated and signed significant partnership deals with leaders in its multi-billion target markets, providing its partners with competitive advantages over other providers in their industries.
To find out more about Innovative Composites International Inc. (IC: TSX-V), please visit our website at http://www.innovativecompositesinc.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
"Statements made in this press release include forward-looking statements that involve a number of risks and uncertainties. These statements relate to future events or future performance and reflect management's current expectations and assumptions. A number of factors could cause actual events, performance or results to differ materially from the events, performance and results discussed in the forward-looking statements, such as the economy, generally, competition in its target markets, the demand for ICI's products and the availability of funding. These forward-looking statements are made as of the date hereof and ICI does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from ICI's expectations and projections."
For further information:
Ilja Troitschanski
Chief Financial Officer
(416) 646 0754 x 100
[email protected]
or
Graeme Dick
Brisco Capital Partners
(403) 561-8989
[email protected]
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