FRT Fortsum Business Solutions I

Innovative Composites International Inc. (TSX VENTURE:IC) ("ICI" the "Company"),
is pleased to announce that Extang Corporation, one of North America's largest
manufactures of pickup truck cargo hold covers, released purchase orders for
ICI's Fiber Reinforced Thermoplastic ("FRT") Panels totalling USD $188,000 for
delivery in January and February. According to Extang, sales should ramp up
significantly in 2010 as the tonneau cover product that uses the FRT panels gain
market presence.


FRT is a technology that creates a permanent molecular bond between Fiberglas,
Kevlar or other fibers with thermoplastics. Using FRT, ICI engineers developed a
line of application-ready structural composite panels that offer superior
strength to weight ratio, are impervious to weathering, rot and corrosion and
are completely recyclable. Extang uses the FRT panels in its newest line of
pickup truck tonneau covers.


"Extang is a market leader in its industry and a company that prides itself in
engineering innovation, an ideal partner for us", said ICI's Chief Executive
Officer, Terry Ball. "We are looking forward to further expanding our business
relationship with Extang and are already working on additional pickup truck
tonneau cover designs that utilize the unique characteristics of our FRT
panels."


ICI has all the capital equipment in place in its Sault Ste. Marie, Michigan
facility to immediately start manufacturing FRT panels for Extang.


"Our relationship with Extang demonstrates that the ICI business model of
partnering with established players in our target markets is working," said Mr.
Ball. "ICI will follow the same strategy for applications of our FRT panels in
the construction, transportation and defence industries that are currently under
development."


About Innovative Composites International Inc.

Headquartered in Toronto, Canada, ICI is a high-technology engineering and
manufacturing company established in 2007 by a group of entrepreneurs with a
successful track record in commercializing advanced materials.


The Company is currently focused in two areas: Fibre Reinforced Thermoplastics
("FRT"), a unique line of application-ready structural panels and Hero 451, an
environmentally friendly fire inhibitor and suppressant. ICI's goal is to
deliver products that exceed industry standards with greater durability,
strength, flexibility and safety.


ICI is partnering directly with leaders in its target industries as it considers
it to be the fastest way to bring products to market. ICI's customized solutions
are intended to provide partners with competitive advantages over their
competitors.


To find out more about Innovative Composites International Inc. (TSX
VENTURE:IC), please visit our website at http://www.innovativecompositesinc.com.


"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."

Fortsum Business Solutions I (TSXV:FRT)
Historical Stock Chart
Von Mai 2024 bis Jun 2024

Fortsum Business Solutions I (TSXV:FRT)
Historical Stock Chart
Von Jun 2023 bis Jun 2024