Eco Building Products, Inc. Subsidiary, Wood Protection, Technologies, Inc. (WPT), Enters Into Negotiations with Leading Structural Insulated Panels (SIPs) Manufacturer
Production and Market Tests are Complete SIPs are an Innovative and Growing Segment of the Building Industry
(firmenpresse) - SAN DIEGO, CA -- (Marketwired) -- 04/27/17 -- Eco Building Products, Inc. (OTC PINK: ECOB) reported today that its subsidiary, Wood Protection Technologies, Inc. (WPT), is in advanced negotiations with one the Industry''s leading manufacturers of structural insulated panels to supply it with its SP™ formulation. Production and market testing has been completed and negotiations are advancing.
Structural insulated panels (SIPs) are a high performance building system for residential and light commercial construction. The panels consist of an insulating foam core typically sandwiched between two outer faces of oriented strand board (OSB). SIPs are manufactured under factory controlled conditions and can be fabricated to fit nearly any building design. The result is a building system that is extremely strong, highly energy efficient and cost effective.
WPT President and CEO, Tom Comery said, "SIPs represent a tremendous new channel opportunity for us as an innovative, high growth product category. Their value proposition of improved indoor air quality and environmental stewardship is a perfect fit for WPT. It is a substantial industry segment with manufacturing and distribution in every state and province across North America and we expect it to play a major role in our growth strategy."
SIP manufacturers will apply WPT''s SP™ formulation to protect the outer faces of wood panels from mold, termites and fungal decay. Fire retardant is also an important protection which WPT will address as it advances development of the Company''s new FRC EWP™ formulation.
Eco Building Products, Inc. (Eco) is a manufacturer of proprietary, environmentally conscientious chemistry utilizing patent pending ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco''s products protect against fire, mold/mycotoxins, fungal-decay, wood ingesting insects and termites. Eco is headquartered in San Diego, CA and goes to market through licensed Affiliates nationwide.
Safe Harbor Statement: This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act"). In particular, when used in the preceding discussion, the words "believes," "expects," "intends," "plans," "anticipates," or "may," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act, and are subject to the safe harbor created by the Act. Any statements made in this news release other than those of historical fact, about an action, event or development, are forward-looking statements. Forward looking statements involve known and unknown risks and uncertainties, which may cause the Company''s actual results in future periods to be materially different from any future performance that may be suggested in this release. ECOB takes no obligation to update or correct forward-looking statements, and also takes no obligation to update or correct information prepared by third parties.
Eco Building Products, Inc.
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Datum: 27.04.2017 - 05:30 Uhr
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News-ID 1500889
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Petrochemicals
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