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Company innovates by decorating lid using the In-Mold Labeling technology
Saint-Damien, Québec, May 19, 2009 –
IPL Inc. (TSX : IPI.A), one of North America's leading manufacturers of plastic products, has been awarded a contract by the City of Boston, Massachusetts totaling approximately US$4 million to manufacture wheeled carts for the collection of waste materials. Production will take place at the Saint-Damien facility.
Under the terms of the agreement, IPL will supply 90,000 wheeled carts with a capacity of 240 litres to be used in the collection of recyclable materials. The City of Boston selected IPL’s Mastercart and the Company innovates by decorating the lid using the In-Mold Labeling graphics technology. Deliveries will begin in June 2009 and are expected to be completed within a 12-month period.
“This contract clearly demonstrates IPL’s North American scope in supplying products and services in the growing environmental sector,” said Serge Bragdon, President and Chief Executive Officer of IPL. “We are proud to enhance our product and service offering, as this represents the first environmental mandate in which we leverage our proven expertise with the In-Mold Labeling technology. This breakthrough further confirms IPL’s leadership in providing valueadded innovative technical solution to growing market niches.”
About IPL
IPL Inc. is one of the leading North American producers of moulded plastic products through injection and extrusion for different industrial manufacturing sectors. IPL employs close to 900 people in its four plants located in Saint-Damien, Saint-Lazare and Lawrenceville (Quebec), and Edmundston (New Brunswick). The Company manufactures and markets over 400 products for the packaging, materials handling and environment sectors. IPL also provides highly technica lvalue-added custom moulding services for the automotive and transport industries, as well as for various industrial uses. Further information about IPL is available at
www.ipl-plastics.com.
Forward Looking Statements
With the exception of historical information, this press release may contain declarations of a speculative nature with regard to the Company’s future performance. These are made based on assumptions, uncertainties and management’s best estimates with regard to future events, and are subject to certain risks factors. Such factors might include, but are not limited to, fluctuations in quarterly results, changes in customer demand for the Company’s services and the impact of competitive price pressures, as well as general market trends and changing economics. Consequently, readers are advised that actual results may be different than expected results.