Deltron Manufacturing Sees Rising Demand for Energy Efficient Building Insulation
02 August 2010 - 10:00AM
Business Wire
Deltron, Inc. (OTCBB:DTRO) has identified an opportunity to
provide energy efficient polyurethane foam insulation for
residential and commercial buildings. Improving energy efficiency
is a major priority for homeowners and companies seeking to lower
their electricity bills as well as government agencies working to
reduce energy demand and decrease emissions. With heating and
cooling consuming 44% of a building’s energy usage according to the
U.S. Department of Energy, installing and upgrading insulation
yields significant savings. Deltron’s wholly owned Elasco, Inc.
subsidiary has 31 years of experience formulating and manufacturing
polyurethane to meet customer’s specific requirements. The Company
believes eco-friendly polyurethane spray foam insulation represents
a new strategic direction with significant potential for
growth.
Energy lost through walls, roofs and windows is the largest
single waste of energy in most buildings. The Environmental
Protection Agency estimates homeowners can typically save up to 20%
of heating and cooling costs by air sealing their homes and adding
insulation in walls, attics, floors, crawl spaces and basement rim
joists. Polyurethane foams form one of the world's most popular,
energy efficient and versatile thermal insulating products,
dramatically improving the efficiency of the building envelope.
Polyurethane spray foam is environmentally friendly, contains no
formaldehyde or ozone depleting chemicals, saves energy and reduces
the use of fossil fuels. It also assists in providing good indoor
air quality, requires less energy to produce than the leading
insulation, and reduces the amount of energy required to transport
and install it.
Henry Larrucea, Deltron CEO, commented: “Energy efficient
insulation represents an exciting new opportunity for our
organization. Our Elasco subsidiary is a proven innovator in high
performance polyurethane foams and manufactured products with a
firm commitment to sustainability. We believe Deltron can make a
contribution to residential and commercial customers’ efforts to
decrease energy consumption, reduce reliance on fossil fuels and
improve energy efficiency.”
Demand in the residential and commercial insulation market
reached nearly $6 billion in 2009, despite the recession. The
market is expected to continue to rebound this year with up to 10%
growth, according to the “Residential & Commercial Insulation
2010” report published by materials research firm Principia
Partners.
Elasco, a wholly owned subsidiary of Deltron, is a growing
polyurethane and plastics design, molding and manufacturing company
serving customers since 1979. Earlier this month Deltron reported a
60% increase in revenue for the first six months of this year
versus January to June of 2009.
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management
teams, substantial revenue and established market positions. A
division of Deltron, Blu Vu is a developer of proprietary closed
circuit rebreather technology and components that go beyond
conventional scuba systems to enable commercial and recreational
divers to go deeper, stay underwater longer and recover faster.
Wholly owned Elasco is a proven innovator in product manufacturing
with a 30-year operating history, diverse customer base and
vertically integrated manufacturing facility in Garden Grove,
California.
This Press Release may contain certain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. DTRO has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates",
"believes", "estimates", "expects", "plans", "intends", "potential"
and similar expressions. These statements reflect DTRO’s current
beliefs and are based upon information currently available to
it.
Accordingly, such forward-looking statements involve known and
unknown risks, uncertainties and other factors which could cause
the DTRO’s actual results, performance or achievements to differ
materially from those expressed in or implied by such statements.
DTRO undertakes no obligation to update or advise in the event of
any change, addition or alteration to the information catered in
this Press Release including such forward-looking statements.
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