WATKINS, MN--(Marketwire - Nov 15, 2011) - International Barrier Technology Inc. ("Barrier") (
Sales volume of shipments of Barrier products for the quarterly period ending September 30, 2011 was 2,209,800 sq. ft., an increase of 25% over the 1,774,100 sq. ft. in the prior year quarter period. Shipments into the Residential Roof Deck/Wall Assembly/Structural Insulated Panel Market, distributed as LP® FlameBlock® Fire-Rated OSB Sheathing, increased 105% and shipments into the Commercial Modular Market, distributed as MuleHide FR Deck Panel, decreased 17%.
Barrier is also pleased to announce that a patent application titled "A System and Method for Coating a Fire-Resistant Material on a Substrate," was accepted by the Australian Patent Office and advertised as such in the Australian Official Journal on October 27, 2011. Barrier believes that this patent will immediately enhance their objective of securing manufacturing technology license partners in Australia.
About International Barrier Technology Inc.
International Barrier Technology Inc. (
INTERNATIONAL BARRIER TECHNOLOGY INC.
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Michael D. Huddy
President, Director
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Forward-Looking Information: The statements in this news release contain forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve certain risks, assumptions and uncertainties, including but not limited to the ability to generate and secure product sales. In each case actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or future changes make it clear that any projected results (expressed or modified) will not be realized.
Contact Information:
Tom Corcoran
Investor Relations Manager
International Barrier Technology
(866) 735-3519
For more information please visit:
www.intlbarrier.com