MONTREAL, Sept. 21, 2005 (PRIMEZONE) -- Beluga Composites Corporation (Pink Sheets:BGCC), an international leading manufacturer of underground flammable-liquid storage tanks that is the only company in the world to own the technology which has earned both of the Underwriters Laboratories' UL 1316 and ULC-615-S certifications for Fiberglass Reinforced Plastic (FRP) Underground Storage Tanks (UST) for petroleum products, today announced that Beluga Composites Inc.'s Taguig City, Philippines manufacturing plant is now fully certified as an Underwriters Laboratory-listed company (see Note) with UL1316 for their FRP tanks.
Note: Please see file page on Underwriters Laboratories by clicking http://www.online-login.com/z_clcode_3088141_clcode_z.aspx
This news is exceedingly important as most major oil companies now prefer to only place orders for USTs with manufacturers that are certified with Underwriters Laboratories' UL1316 and meeting the EPA's mandated guideline compliancy requirements for Underground Storage Tanks.
About Beluga:
Beluga Composites Corporation is a manufacturer of UST, related accessories and oil/water separators. A Member of the Petroleum Equipment Institute, Beluga has the technology and holds the Underwriters Laboratories' UL 1316 and ULC-615-S certifications for fiberglass reinforced plastic (FRP) underground storage tanks for petroleum products. We are the only company in the world that presently holds both the UL 1316 and the ULC-615-S.
These two certifications were obtained after having produced a number of tank samples and undergoing a series of exacting tests supervised by Underwriters Laboratories.
Beluga manufactures single wall and double wall FRP Underground Storage Tanks (UST) that are of higher quality and environmentally safer than steel tanks, being 100% corrosion resistant. Moreover, Beluga's tanks are produced using the next generation FRP UST technology, FILAMENT WINDING, and as such, they are mechanically and structurally superior to FRP tanks produced by the competition which still uses the first generation FRP UST technology, SPRAY UP, which depend on a structural type of back fill during installation. Beluga's technology which produces a structurally autonomous UST with fully integrated, physical characteristics independent of any consideration for the type of backfill to be used. The key advantages of the Beluga manufacturing process are: efficient and computerized filament wound technology; consistent high quality controlled modularly designed products and competitive pricing.
Forward Looking Statements:
The momentum of Beluga's Leadership Position in the market due to their UL listing Certifications and EPA guideline compliant FRP USTs are being fully recognized and validated as several Major Oil Companies are currently placing orders that already will require Beluga to run their manufacturing plant at full capacity. Anticipated short-term, mid-range and long-term demand of Beluga's FRP USTs as indicated by major oil company's current negotiations and projections with Beluga, suggest that Beluga's market position is strategically aligned and poised to meet the dramatic demand increases and growth potential as the recognized manufacturer of choice of major oil companies for their FRP USTs.