Deltron Reports on Upswing in Sales and Customer Inquiries for Green Soy-Based Polyurethane Products
04 August 2010 - 2:00PM
Business Wire
Deltron, Inc. (OTCBB: DTRO) is pleased to announce that its
wholly owned manufacturing subsidiary, Elasco Inc., is reporting an
increase in sales of its newly formulated “green” polyurethanes.
Elasco has engineered and developed sustainable, energy efficient,
proprietary polyurethane formulations made from renewable soybean
oil. Orders for its new soy-based polyurethane products have
increased this year and are expected to increase further based on
contacts with existing clients and potential new customers
interested in reducing their carbon footprint and marketing their
products as eco-friendly.
Elasco has focused a percentage of its product development
efforts on formulating more eco-friendly offerings and has
succeeded in creating a soy-based polyurethane that matches the
performance of petroleum-based polyurethane while dramatically
decreasing its carbon footprint. Polyols, the raw material for
polyurethane, can be extracted from soybeans rather than petroleum.
Using soy polyols reduces demand and dependence on non-renewable
petroleum reserves, eliminates the use of volatile organic
compounds (VOCs), decreases energy requirements for the
manufacturing process, and reduces emissions by 36%.
Deltron’s manufacturing subsidiary is generating increasing
sales of the new green formulations in the recreational sports
market. The largest percentage of sales has been to longboard
skateboard manufacturers who market the soy-based wheels produced
by Elasco as green and environmentally sustainable. Deltron intends
to expand its sales and marketing activities to other customers in
the high performance sporting sector including roller skate
manufacturers, exercise equipment makers and other consumer
products suppliers.
Henry Larrucea, Deltron CEO, commented: “We are on track to
generate double-digit growth in sales of our new soy-based
polyurethane formulas this year. We believe there is further
opportunity to expand market share in the recreational products
sector, where manufacturers can leverage our green polyurethane’s
use of renewable resources and reduced carbon footprint in their
marketing efforts.”
Deltron’s wholly owned Elasco subsidiary is a growing engineered
plastics and polyurethane molding and manufacturing company with a
production facility in Southern California. Elasco has been in
business since 1979 producing recreational and industrial products
used in a wide range of dynamic applications. Elasco provides
complete design and manufacturing services including proprietary
polymer mixing, prototype work, mold and tooling design,
manufacturing, custom casting and plastic injection molding.
About Deltron, Inc. (DTRO.OB)
Deltron acquires profitable businesses with strong management
teams, substantial revenue and established market positions. Wholly
owned Elasco is a proven innovator in product manufacturing with a
31-year operating history, diverse customer base and vertically
integrated manufacturing facility in Garden Grove, California. Blu
Vu, a division of Deltron, 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.
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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