Resin Systems Inc.


Resin Systems Inc.

Resin Systems Inc. is Canadian company that develops, manufactures, and sells composite products for infrastructure markets. Its products include utility poles and composite roller tube, which is used in roller assemblies for industrial bulk material handling equipment. The company was founded in 1995. It was formerly known as Recycled Solutions for Industry, Inc. and changed its name to Resin Systems, Inc. in 2000. The company is headquartered in Calgary, Canada. [Cite web|url=http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=3177659 |title=RS Details |publisher="BusinessWeek" |accessdate=2008-06-11]

History

Resin Systems Inc. (tsx|RS) is based in Canada but operates in Canada, Europe, Australia, and the U.S. [ [http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?symbol=RS Reliance Steel & Aluminum Co. (RS): Stock Quote & Company Information ] ] .The current President and CEO of the company is Paul Giannelia, whose background is in law and engineering. In 2005, Robert Schaefer became the Chief Financial Officer and Corporate Secretary [ [https://web.grouprsi.com/rsweb/aboutrs/management RSI Management] ] . Wilmot Matthews, Brian Felesky, Paul Giannelia, James Gray, Dwayne Hunka, and David Williams are currently on the Board of Directors [ [https://web.grouprsi.com/rsweb/aboutrs/board%20of%20directors RSI Board of Directors] ] .

The company has completed two lines of product: composite poles and composite roller tubes [ [https://web.grouprsi.com/rsweb/aboutrs About RS] ] .

Products

RSI makes RStandard modular utility poles and VRoll industrial conveyor rollers from their “own input materials, equipment, and processes” [ [http://finance.google.com/finance?q=OTC:RSSYF RSSYF - Resin Systems Inc. (USA) - Google Finance ] ] . These are made to substitute for products made, traditionally, by resources like wood, concrete, and metal. Instead of using those customary materials, RSI uses their own innovative Version system that implements “green” polyurethane resin [ [http://www.earthtimes.org/articles/show/news_press_release,213706.shtml Resin Systems Inc. to Present at the Pacific Growth Equities' Clean Technology and Industrial Growth Conference - Press Release ] ] . Version resin is made to be cost-effective and durable [ [https://web.grouprsi.com/rsweb/products Products ] ] . After making the tallest pole constructed out of composites thus far, the company has made a place for itself in the market. This has landed them a contract with two firms in China- one of which “is a preferred supplier” for China’s utility industry. This agreement is estimated to be worth upwards of 36 million U.S. dollars by 2009 as the country is adding about 62,137 miles of transmission lines [ [http://irap-pari.nrc-cnrc.gc.ca/success/resin_e.html NRC-IRAP - Innovation leaders - 2006 - Resin Systems Inc, Edmonton ] ] .

Environmental Record

According to RSI, the way that they make their products allows for less harm to the environment on their end as well as their customers’ end. By making light, durable products, there are less harmful emissions made by maintenance vehicles. No harmful pollutants are released in the manufacture of the products because of the resin that they use [ [https://web.grouprsi.com/rsweb/aboutrs/environment About RS ] ] . According to GreenPages, RSI’s utility poles are environmentally friendly in that they are recyclable, have no leaching, and release no pollutants during production [ [http://www.eco-web.com/index/category/9.9.3.html Green Pages - Index 9.9 : General Power Engineering & Misc. - Power Engineering, Feasibility Studies, Consulting, Design and Project Management ] ] .

Notes

RStandard, VRoll, and Version are registered trademarks of Resin Systems Inc.

References


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