WATKINS, MN and VANCOUVER, BC--(Marketwire - November 29, 2007) - International Barrier
Technology Inc. ("Barrier") (
OTCBB:
IBTGF) (
TSX-V:
IBH), a manufacturer of
proprietary fire-resistant building materials, is pleased to report the
final testing phase of the automated manufacturing line is now complete.
For the past month, over 82% of our standard size panel production was
manufactured on the new line with an impeccable quality rate of 99.5%.
Continuous production output at the designed rate of production per hour
has been consistently achieved. The new line can provide a potential
annual output equivalent to double the total 2007 sales. This capacity is
attainable with running only one shift. Having available production
capacity is the engine that allows real growth to occur.
As the final implementation phase of the new manufacturing line was in
progress, upgrades were made to the existing line to improve consistency,
throughput, and quality. The existing line is being dedicated to niche
market development and to running odd shaped or boards too warped (plywood)
to run through the precision driven new line. Product designated for the
Structurally Insulative Panels (SIPs) market, for instance, which requires
the ability to produce "jumbo" panels
(up to 8' X 24' in dimension) with a very uniform surface appearance, will
be run on the "old" line. The improvements made on the "old" line have
already demonstrated the ability to produce to the standards required for
the SIPs market. Other "specialty" products will be run on this line as new
niche markets are developed.
"The new production line is proving that our vision for high speed
production is viable," reports Dr. Michael Huddy, Barrier CEO. "Having the
efficiencies from the new high speed line coupled with the ability to
develop and produce more specialty products on the more versatile existing
line creates flexibility at Barrier that we have never had before. We are
excited and encouraged by how these major steps forward in production will
enable our sales and marketing program to sell more products in a greater
landscape of market applications."
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 Blazeguard®. Barrier's award-winning Blazeguard® 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. Blazeguard®
provides Barrier's customers a premium material choice meeting an
increasingly challenging combination of requirements in residential and
commercial building construction. Blazeguard® customers include many of
the top multifamily homebuilders, and commercial modular building
manufacturers in the United States.
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.
Contact Information: Contact:
Melissa McElwee
Investor Relations Manager
International Barrier Technology
(866) 735-3519
For more information please visit:
www.intlbarrier.com