RS Technologies Com (TSXV:RS.H)
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CALGARY, June 17, 2011 /CNW/ --
CALGARY, June 17, 2011 /CNW/ - RS Technologies Inc. ("RS" or the
"Company") (TSXV: RS.H), a technology innovator and manufacturer of
advanced composite products for infrastructure markets, today announced
that it has received an order for its RStandard(®) poles from Transportista Electrica Centroamericana, S.A. ("TRELEC"), a
subsidiary of Empresa Eléctrica de Guatemala ("EEGSA").
The order from TRELEC is for approximately 60 poles ranging in height
from 18 to 27 meters, all of which are expected to ship in six 40 foot
intermodal shipping containers. This is RS's second order from TRELEC
in 2011, following an initial pilot order shipped in the first quarter.
"The RStandard poles will be used by TRELEC to replace concrete poles
carrying existing 69kV lines in our grid. In particular, the composite
poles will be installed in locations where access is difficult," stated
Manuel Eduardo Arita, manager with TRELEC.
About TRELEC and EEGSA
TRELEC, owned by EEGSA, is responsible for power transmission through
its grid of 230kV and 69kV lines. EEGSA is Guatemala's privately held
power distributor, serving customers in Guatemala City and outlying
areas Sacatepéquez and Escuintla. EEGSA belongs to the investor group
Empresas Publicas de Medellin (EPM), the largest company in Colombia in
the public services sector.
About RS
RS is an ISO 9001:2008 certified technology innovator that develops
advanced composite material products for infrastructure markets. The
composite products manufactured using the company's proprietary resins
and processes are typically lighter, more durable and longer-lasting
than competing products made from the traditional building blocks of
wood, steel or concrete. RS's flagship product is its award-winning
RStandard(®) composite pole. The pole is used as transmission and distribution poles
to carry electric grids and as communication structures for various
uses including wireless networks and microwave communications systems.
For the latest on RS's developments, go to the company's website at www.grouprsi.com.
"RStandard" is a registered trademark of RS.
Reader Advisory
Certain information set forth in this news release contains
forward-looking statements which are based on RS's current internal
expectations, estimates, projections, assumptions and beliefs, which
may prove to be incorrect. Some of the forward-looking statements may
be identified by words such as "expects", "anticipates", "believes",
"projects", "plans" and similar expressions. These statements are not
guarantees of future performance and undue reliance should not be
placed on them. Such forward-looking statements necessarily involve
known and unknown risks and uncertainties, which may cause RS's actual
performance and financial results in future periods to differ
materially from any projections of future performance or results
expressed or implied by such forward-looking statements. These risks
and uncertainties include, among other things, RS not securing
additional funds for its working capital needs to continue as a going
concern; RS's lack of revenues and unpredictability of future revenues;
the uncertainty of the profitability of existing and contemplated
products of RS; RS's ability to raise capital on acceptable terms when
needed; RS's ability to attract and retain key employees; competition
from established competitors with greater resources; the uncertainty of
the developing markets in which RS operates; the risks associated with
rapidly changing technology; RS's reliance on third parties to supply
raw materials and the cost of such raw materials; intellectual property
risks, foreign exchange rate fluctuations and changes in general
economic, market and business conditions. Many of these risks and
uncertainties are described in RS's annual information form for the
year ended December 31, 2010 and other documents RS files with the
Canadian securities authorities. The forward-looking statements are
made as of the date hereof and RS assumes no obligation to update or
revise such statements to reflect new events or circumstances except as
required by applicable securities laws.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/June2011/17/c7012.html
p RS Technologies Inc.br/ Laurien Abel, Investor Relations and Communicationsbr/ Tel: (403) 219-8000 Fax: (403) 219-8001br/ Email: a href="mailto:info@grouprsi.com"info@grouprsi.com/a /p