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DTRO Deltron Inc (CE)

0.000001
0.00 (0.00%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Deltron Inc (CE) USOTC:DTRO OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.000001 0.00 01:00:00

Deltron Manufacturing Sees Rising Demand for Energy Efficient Building Insulation

02/08/2010 9:00am

Business Wire


Deltron (CE) (USOTC:DTRO)
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Deltron, Inc. (OTCBB:DTRO) has identified an opportunity to provide energy efficient polyurethane foam insulation for residential and commercial buildings. Improving energy efficiency is a major priority for homeowners and companies seeking to lower their electricity bills as well as government agencies working to reduce energy demand and decrease emissions. With heating and cooling consuming 44% of a building’s energy usage according to the U.S. Department of Energy, installing and upgrading insulation yields significant savings. Deltron’s wholly owned Elasco, Inc. subsidiary has 31 years of experience formulating and manufacturing polyurethane to meet customer’s specific requirements. The Company believes eco-friendly polyurethane spray foam insulation represents a new strategic direction with significant potential for growth.

Energy lost through walls, roofs and windows is the largest single waste of energy in most buildings. The Environmental Protection Agency estimates homeowners can typically save up to 20% of heating and cooling costs by air sealing their homes and adding insulation in walls, attics, floors, crawl spaces and basement rim joists. Polyurethane foams form one of the world's most popular, energy efficient and versatile thermal insulating products, dramatically improving the efficiency of the building envelope. Polyurethane spray foam is environmentally friendly, contains no formaldehyde or ozone depleting chemicals, saves energy and reduces the use of fossil fuels. It also assists in providing good indoor air quality, requires less energy to produce than the leading insulation, and reduces the amount of energy required to transport and install it.

Henry Larrucea, Deltron CEO, commented: “Energy efficient insulation represents an exciting new opportunity for our organization. Our Elasco subsidiary is a proven innovator in high performance polyurethane foams and manufactured products with a firm commitment to sustainability. We believe Deltron can make a contribution to residential and commercial customers’ efforts to decrease energy consumption, reduce reliance on fossil fuels and improve energy efficiency.”

Demand in the residential and commercial insulation market reached nearly $6 billion in 2009, despite the recession. The market is expected to continue to rebound this year with up to 10% growth, according to the “Residential & Commercial Insulation 2010” report published by materials research firm Principia Partners.

Elasco, a wholly owned subsidiary of Deltron, is a growing polyurethane and plastics design, molding and manufacturing company serving customers since 1979. Earlier this month Deltron reported a 60% increase in revenue for the first six months of this year versus January to June of 2009.

About Deltron, Inc. (DTRO.OB)

Deltron acquires profitable businesses with strong management teams, substantial revenue and established market positions. A division of Deltron, Blu Vu is a developer of proprietary closed circuit rebreather technology and components that go beyond conventional scuba systems to enable commercial and recreational divers to go deeper, stay underwater longer and recover faster. Wholly owned Elasco is a proven innovator in product manufacturing with a 30-year operating history, diverse customer base and vertically integrated manufacturing facility in Garden Grove, California.

This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. DTRO has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates", "believes", "estimates", "expects", "plans", "intends", "potential" and similar expressions. These statements reflect DTRO’s current beliefs and are based upon information currently available to it.

Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the DTRO’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. DTRO undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

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