Jul 22 2010
Energy Composites Corporation (“ECC”) (NASDAQ OTC:ENCC) a leading provider of composites-based solutions to the clean-tech sector, today announced that it has received the largest composite structure fabrication purchase order in the Company’s history. Under the multi-million dollar agreement,
ECC will fabricate 76 large diameter chemical storage tanks for a global mining leader’s new nickel processing plant in Newfoundland. Production begins in August and runs throughout the remainder of 2010 and much of 2011. ECC will complete its work on the project under a subcontract from its strategic partner in Canada, AC Plastiques.
ECC will produce 76 vertical, fiber-wound tanks in diameters from 20 feet to 6 feet. All tanks will be produced in ECC’s 73,000 square foot Wisconsin Rapids, WI climate controlled production center. The tanks will then be taken to a shipping port on Lake Michigan so that they can more easily be shipped by barge to the Newfoundland site. The larger tanks will be produced with ECC’s new portable horizontal field winder, which enables ECC to wind very large diameter tanks up to 40 feet in length without body joints.
ECC’s corrosion resistant tank design makes use of Derakane® Epoxy Vinyl Ester resins from Ashland Inc. As well as boron-free Advantex ECR™ glass from Owens Corning. The Company’s logistics advantages include the opportunity to ship completed tanks by barge from the lake port at Manitowoc, WI to the final destination in Newfoundland. ECC will complete engineering and design work on the project shortly and then initiate production next month.
“We are pleased to receive this significant contract,” noted Jamie Mancl, ECC’s President and Founder. “This marks the successful completion of a twenty four month sales and engineering effort that was substantially enhanced by the addition of our new sales and marketing team led by Jim Thomas. I want to congratulate our entire ECC team as well as our partners AC Plastiques, Owens Corning and Ashland, for this achievement.”
Jim Thomas, ECC’s national sales manager, added, “Our sourcing partnerships and logistics plan made a big difference in securing this project. Working closely with the client to precisely understand their requirements allowed us to submit a highly attractive bid that was ultimately successful. We continue to work with our client to refine the final work plan, and anticipate additional orders as well on the project.”
Thom Johnson, Corrosion Industry Manager at Ashland Chemical added, “ECC worked very hard to secure this project. Their capabilities to fabricate high quality corrosion resistant composite equipment using Ashland’s DERAKANE® Epoxy Vinyl Ester resins at a competitive price was the key in winning this bid. We look forward to working closely with Jamie and his team as they undertake this momentous project.”
Eric Lamontagne, Vice President of AC Plastiques Canada, Inc., added, “This contract signifies a great deal of success with the collaboration efforts that had started in early 2008 between AC Plastiques and ECC Corrosion, formerly AFT, Inc. We look forward to join our respective forces to deliver competitive, high quality composite equipment to our client.”
Source: http://www.energycompositescorp.com/