Luxor Industrial Corporation Updates Activities
2010年11月8日 - 11:00PM
Luxor Industrial Corporation (Pink Sheets:LXRRF) (TSX-V:LRL) wishes
to provide an update on corporate activities. While the North
American housing market has been distressed for the past 3 years,
Luxor has maintained sales levels by developing new wood product
lines.
The Company recently extended its lease for 5 years with the
city of Abbotsford for its 20,000 square feet manufacturing
facility located on Abbotsford airport land. Luxor has leased an
additional 20,000 square feet of paved storage land to handle the
increase in wood processing and to build steel racks to store
engineered wood products up to 60 feet in length. The city has
built a roundabout road on airport land to allow for ease of
unloading and loading lumber products.
In June, the Company advised that it had received orders to
provide value added services for 18 truckloads of specialty wood
products used in the natural resource sector. This has become an
ongoing business and Luxor is working with the customer on other
product lines. In addition to increasing sales, the processing will
reduce costs through manufacturing efficiencies.
Luxor has shipped its second order of FastFrame™ building
components treated with EcoBlu wood coating. The components will be
used to frame an auto lubricating garage in Saskatchewan by Base
Construction Management, who have contracts for six garages in
British Columbia and Saskatchewan. The Company is also working
closely with its supplier, EcoBlu Products Inc. (OTCBB:ECOB), to
take advantage of the changes in Canadian building codes regarding
the use of fire resistant building materials in wood frame
construction.
The Company has received an initial order to provide engineered
products for custom buildings in a large project. The customer has
advised that it intends to purchase products from Luxor for all
additional units, which would provide a steady order file into
2011.
Luxor expects to receive approval by the end of the year from
the Canadian Construction Materials Centre (CCMC) for its IBS3000™,
its second generation engineered bridging that complements its
patented IBS 2000®. The US patent application for IBS3000™ has been
filed. The Company expects to launch product sales in January,
2011. Racking stiffness values for IBS3000™ are slightly lower than
IBS 2000® but IBS3000™ is substantially less expensive, which will
provide significant potential for expanded sales. Additionally, the
advantages of IBS3000™ will also facilitate sales by replacement of
conventional forms of bridging including cross bridging, blocking,
wood strapping and metal strapping.
Luxor anticipates significant sales growth in 2011 based on
progress made with new product lines during 2010. The Company
will keep shareholders advised of further developments.
About Luxor Industrial Corporation
Luxor manufactures and markets its patented IBS 2000® and patent
pending IBS3000™ engineered bridging that enables the floor to act
as a system with unparalleled scale of gain in stiffness and
rigidity. Luxor has spent many years analyzing wood-frame floor
construction and has established itself as a leading authority in
wood floor performance engineering in North America.
Luxor also manufactures other building components, architectural
and utility wood products including specialty products for the
natural resource sector. It distributes laminated beams and offers
various custom wood cutting services. Luxor coats certain of its
products with EcoBlu and offers EcoBlu wood products which protect
wood against mold, decay and insects and provide fire
protection.
The TSX Venture Exchange has
neither approved nor disapproved this announcement
CONTACT: Luxor Industrial Corporation
Terry Lashman
(800) 665-2454
(604) 684-7929
John Taylor
(877) 496-4355
(604) 864-9601
www.luxorcorp.com
Luxor Industrial (CE) (USOTC:LXRRF)
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