JER Announces a New Multi-Year Supply Agreement With JJ Barker
02 Mars 2009 - 3:30PM
Marketwired
JER Envirotech International Corp. (TSX-V: JER) (FRANKFURT: KFTB)
is pleased to announce that the Company has agreed in principle to
a multi-year supply agreement with JJ Barker Company of
Cowansville, Quebec to deliver JER's thermoplastic biocomposite
sheeting products for JJ Barker's line of moisture resistant
decorative tile and wall covering products. The multi-year supply
agreement covers the supply of up to 40,000 sheets annually of 3 mm
and 4 mm thick JERtech(TM) Biocomposite Sheeting in sizes ranging
from 4 ft by 8 ft to 4 ft by 5 ft. The new agreement is the result
of an extensive development effort by JJ Barker and JER Envirotech
including nearly two years of testing and trials. By using
JERtech(TM) Biocomposite Sheeting, JJ Barker will be able to offer
their customers a non-toxic, moisture resistant high strength,
dimensionally stable, and eco-friendly option within their well
established line of high performance decorative wall coverings for
high humidity applications. In announcing the new agreement with JJ
Barker, JER Envirotech has begun increasing production capabilities
and staffing to meet JJ Barker's purchase requirements by the start
of the second calendar quarter 2009.
Founded in the 1898, JJ Barker Company is a family owned and run
business. Now into the fourth generation of the Barker family, JJ
Barker has been making decorative and practical wall panels for
high humidity areas such as kitchens and bathrooms since the 1940s.
Over the course of many years of dedicated effort, JJ Barker has
developed a reputation for providing homeowners, property managers,
and builders with a surprisingly effective and practical set of
choices for wall coverings in demanding environments. JJ Barker has
long focused upon making and marketing a first rate product whose
ease of application and modern, vibrant appearance would catch the
public's imagination. JJ Barker products are specifically designed
and carefully tested for high-moisture areas such as bathrooms,
showers, saunas, spas, kitchens and laundry rooms.
"The supply agreement we have established with JJ Barker for the
JERtech(TM) Sheeting product line is the culmination of intense
efforts by JER Envirotech's Research & Development team and the
extraordinary cooperation and assistance of JJ Barker management
and production teams," states Edward Trueman, President and CEO of
JER. "The new agreement represents a joint commitment to bringing
the moisture resistant JERtech(TM) Sheeting product line to
consumers throughout the world."
Gordon Wood, President of JJ Barker Company, stated that, "JER
Envirotech's commitment to the co-development of a durable product
for our challenging high humidity applications concluded with the
introduction of an environmentally friendly, moisture resistant
decorative panel system that meets our stringent requirements and
those of our customers and prospects. We are pleased with the
JERtech(TM) Biocomposite Sheeting and look forward to incorporating
them into our line of decorative moisture resistant panels."
For more information on JJ Barker Inc., visit
http://www.barkertile.com/
About JER Envirotech International Corporation
JER is a global manufacturer of thermoplastic biocomposite
compounds and sheeting. The Company's patented technology utilizes
waste or by-product materials, such as wood fibre or rice hulls, to
produce environmentally-friendly alternative products for
applications in the construction, transport, automotive and toy
industries. The Company currently has a range of biocomposite
formulations which it developed in collaboration with the National
Research Council - Industrial Materials Institute of Canada.
The Company is publicly-traded on the TSX Venture Exchange (TSX)
under the symbol "JER" and on the Frankfurt Stock Exchange under
the symbol "KFTB."
For more information, please visit www.jerenvirotech.com or
contact:
JER ENVIROTECH INTERNATIONAL CORPORATION
"Ji Yoon"
Mr. Ji Yoon
Chief Financial Officer
International: +1 (604) 940-9262
jyoon@jerenvirotech.com
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. This news release contains
certain forward-looking statements that reflect the current views
and/or expectations of JER Envirotech International Corp. with
respect to its performance, business and future events. Investors
are cautioned that all forward-looking statements involve risks and
uncertainties including, without limitation, those relating to
changes in the market, potential downturns in economic conditions,
foreign exchange fluctuations, demand for thermoplastic
biocomposites, competition and our ability to implement our
business plans and strategies in a timely manner or at all. These
risks, as well as others, could cause actual results and events to
vary significantly. JER Envirotech International Corp. does not
undertake any obligations to release publicly any revisions for
updating any voluntary forward-looking statements.
(2009-03-05)
Distributed by Filing Services Canada and retransmitted by
Marketwire
Contact: JER Envirotech International Corp. Email: Email Contact
Website: www.jerenvirotech.com
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