WATKINS, MN and VANCOUVER, BC -- (MARKET WIRE) -- January 22, 2007 -- International Barrier
Technology Inc. ("Barrier") (
OTCBB:
IBTGF) (
TSX-V:
IBH), a manufacturer of
proprietary fire-resistant building materials, is pleased to announce that
they have negotiated a supply agreement with Protective Chemistries, Inc.
(PCI), a Minneapolis, MN company. PCI develops very effective formulations
engineered to protect materials from fire, mold, mildew and termites.
Barrier and Protective Chemistries will work together to deliver two
particular formulations to Barrier's builder and modular manufacturing
customers. One formulation will be a fire-resistive paint capable of being
applied in the field. The other is a field-applied formulation to prevent
the growth of mold and mildew while it also repels termites. Both
formulations will be private labelled and sold under the trademark family
of Blazeguard® products.
"The synergies of our companies working together was apparent from the
first time we met," states Dr. Michael Huddy, Barrier's President.
"Field-applied, fire-resistive paint has been emerging quickly as a viable
product to help people protect their buildings from fire. Barrier will be
able to capture additional sales in the situations where a fire-resistant
application requires a field-applied technology. Now we have a viable
product that will complement and augment our existing business so that we
can become a full-service provider of fire protective coatings."
Barrier has begun the process of UL certification and listing for the paint
product, being marketed as Blazeguard Fire Resistant Paint. Modular
manufacturers were consulted during the negotiation process for this
agreement and they were very encouraged by how both the fire-resistive
paint and the mold- and mildew-resistant paint could help them improve upon
existing systems. The Supply Agreement allows Barrier to develop protected
territories and markets for both lines of proprietary products.
"We do not view these new product lines as competitive to our existing
product, Blazeguard fire-rated sheathing," explains Huddy. "In fact, they
are complementary. Our existing Blazeguard fire-rated sheathing product is
a lower cost solution for a builder/manufacturer that requires a
structural-rated, code-approved, Class A fire-rated panel to use during the
construction process. Blazeguard fire-resistive paint and the MMT paint
will be an alternative material for protection of a structure that has
already been built. Additionally, we have already discovered how the
combination of these technologies can provide for enhanced performance in
certain modular construction situations. We are very excited about how the
addition of these lines will solve real problems for builders and
manufacturers and how the introduction of these products through existing
distribution channels will improve sales for Barrier."
About International Barrier Technology Inc.
International Barrier Technology Inc. (
OTCBB:
IBTGF) (
TSX-V:
IBH) develops,
manufactures, and markets proprietary
fire-resistant building materials branded as Blazeguard®. Barrier's
award-winning Blazeguard® wood panels use a patented, non-toxic,
non-combustible coating with an extraordinary capability: it releases water
in the heat of fire. The panels exceed "model" building code requirements
in every targeted fire test and application, and are unique in combining
properties that increase panel strength and minimize environmental and
human impact. Blazeguard® provides Barrier's customers a premium material
choice meeting an increasingly challenging combination of requirements in
residential and commercial building construction. Blazeguard® customers
include four of the five top US homebuilders.
INTERNATIONAL BARRIER TECHNOLOGY INC.
Michael D. Huddy
President, Director
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS PRESS
RELEASE.
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: Melissa McElwee
Investor Relations Manager
International Barrier Technology
(866) 735-3519
Email Contact
For more information please visit:
www.intlbarrier.com