International Barrier Technology Reports the Ratification of a Three-Year Supply Agreement With LP(R) Building Products
January 25 2011 - 10:00AM
Marketwired
International Barrier Technology Inc. ("Barrier") (OTCBB: IBTGF)
(TSX-V: IBH) is pleased to announce the ratification of a
three-year supply agreement with LP® Building Products (LP). The
agreement extends the exclusive supply agreement ratified in
January 2010 through December 31, 2013. Under the terms of the
agreement, Barrier Technology Corporation will continue to
manufacture LP® FlameBlock® Fire-Rated OSB Sheathing, utilizing
Barrier's proprietary Pyrotite® Technology, at Barrier's existing
manufacturing facility in Watkins, MN.
Judy Musgrove, LP's OSB Marketing Manager, reflects on the
agreement in stating: "...LP® FlameBlock® is a critical component
of LP's value-added OSB strategy. LP believes that fire treated OSB
products will be more and more important over time and is proud to
have the only cementitious fire treated OSB product on the
market."
LP® FlameBlock® was first introduced to the building industry at
the International Builder's Show in Las Vegas in January 2010.
According to Dr. Michael Huddy, Barrier's President and CEO: "Both
LP and Barrier were encouraged by 2010's success in building
awareness and developing prospects for LP® FlameBlock® in the
building industry. We are well positioned and resolved to help
builders and building designers provide effective solutions for
fire-rated construction in 2011 and beyond."
Additional Information:
To view a fact sheet on International Barrier: CLICK HERE To
view LP® FlameBlock® Fire-Rated OSB Sheathing Products: CLICK
HERE
About International Barrier Technology
Inc. International Barrier Technology Inc. (OTCBB: IBTGF)
(TSX-V: IBH) develops, manufactures, and markets proprietary
fire-resistant building materials branded as LP® FlameBlock®
Fire-Rated OSB Sheathing and Mule-Hide FR Deck Panel. Barrier's
award-winning fire-resistant wood panels use a patented, non-toxic,
non-combustible coating with an extraordinary capability: it
releases water in the heat of fire. The panels exceed "model"
building code requirements in every targeted fire test and
application, and are unique in combining properties that increase
panel strength and minimize environmental and human impact.
Barrier's family of products provides customers a premium material
choice meeting an increasingly challenging combination of
requirements in residential and commercial building construction.
For more information please visit www.intlbarrier.com.
INTERNATIONAL BARRIER TECHNOLOGY INC.
Michael D. Huddy President, Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS
PRESS RELEASE.
Forward-Looking Information: The statements in this news release
contain forward-looking information within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve certain risks, assumptions and
uncertainties, including but not limited to the ability to generate
and secure product sales. In each case actual results may differ
materially from such forward-looking statements. The company does
not undertake to publicly update or revise its forward-looking
statements even if experience or future changes make it clear that
any projected results (expressed or modified) will not be
realized.
Tom Corcoran Investor Relations Manager International Barrier
Technology (866) 735-3519 Email Contact For more information
please visit: www.intlbarrier.com