MONTREAL, Oct. 18, 2005 (PRIMEZONE) -- Beluga Composites Corporation (Pink Sheets:BGCC), an International Leading Manufacturer of underground flammable-liquid storage tanks and the only company in the world which owns the technology which has earned both of the Underwriters Laboratories UL 1316 and ULC-615-S certifications for fiber glass reinforced plastic (FRP) underground storage tanks for petroleum products, made the following announcement relating to the successful operations of its Philippines plant:
Mr. Dean Panofsky, Chairman of the Board announced today that we have placed an order for a second filament winding machine since our plant has already reached its full capacity. We have been working around the clock from the time that our plant was officially UL listed. We hope to double our production capacity within the next three months in order to respond to the orders from our clients. We are very pleased with the acceptance of the Beluga technology and products by the engineering professionals representing the petroleum companies. We have found them to be an exceptionally efficient and knowledgeable group and we are looking forward to a long and mutually beneficial relationship to work to better protect the local environment.
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 Underground Storage Tanks (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. Member of the Petroleum Equipment Institute, Beluga has the technology and holds the Underwriters Laboratories UL 1316 and ULC-615-S certifications for fiber glass reinforced plastic (FRP) underground storage tanks for petroleum products. We are the only company in the world which 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 undergone a series of exacting tests supervised by the Underwriters Laboratories.
Beluga manufactures single wall and double wall FRP 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 depends on a structural type of back fill during installation. Beluga's technology 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.
The Beluga Composites Corporation logo is available at: http://www.primezone.com/newsroom/prs/?pkgid=1604