WATKINS, MN and VANCOUVER, BC--(Marketwire - January 14, 2010) - International Barrier
Technology Inc. ("Barrier") (
OTCBB:
IBTGF) (
TSX-V:
IBH) is pleased to
announce that a Supply Agreement has been executed with a major North
American manufacturer of oriented strand board (OSB). The manufacturer has
requested to remain unnamed until they have formally announced their
private labeled, fire-rated OSB product at the International Builder's Show
in Las Vegas on January 19, 2010.
Barrier will provide fire-treatment services for the OSB manufacturer at
Barrier's existing manufacturing facility in Watkins, MN. While the initial
target market will be the wildfire hazard zones in the Wildland Urban
Interface Zones (WUI) of California, Barrier anticipates improved sales
volume will be shipped to all geographies in the US where a structural fire
rated sheathing is required by local building code.
"The relationship structured by this Supply Agreement will enable our OSB
manufacturing client to leverage and vertically integrate Barrier's
existing product certifications and code evaluation reports with their OSB
manufacturing capacity and extensive distribution network to provide a very
strong presence in the market in a very short period of time," reports Dr.
Michael Huddy, Barrier's President and CEO. "We could not be more pleased
that this company has selected Barrier's Pyrotite™ technology to be
their vehicle to provide an environmentally friendly, high performing,
competitively priced, fire-rated OSB for the building community."
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