CALGARY, June 22 /PRNewswire-FirstCall/ - Resin Systems Inc. ("RS" or the "Company") (RS - TSX), a technology innovator and manufacturer of advanced composite products for infrastructure markets, is pleased to announce that its shareholders have approved a name change to RS Technologies Inc. The name change will go into effect at market open on Wednesday, June 23, 2010. The Toronto Stock Exchange (TSX) trading symbol remains "RS".
RS has been known commercially to its customers as RS Technologies for the past several years. As a result, the Company decided to identify itself under a single corporate brand to all its stakeholders.
"We have reached an important stage in the growth of our Company. Since the beginning of 2009, we have proven our manufacturing capabilities. In parallel, our RStandard(R) composite poles are now being accepted at a growing rate by the utility and communications markets in larger-scale applications," said Paul Giannelia, chief executive officer of RS.
RS has also engaged Macquarie Capital Markets Canada Ltd. as Financial Advisor to assist the Company in securing funds for both its near term working capital needs and its anticipated manufacturing expansion.
RS is an ISO 9001:2008 certified technology innovator that develops advanced composite material products for infrastructure markets. The composite products manufactured using the company's proprietary resins and processes are typically lighter, more durable and longer-lasting than competing products made from the traditional building blocks of wood, steel or concrete. RS's flagship product is its award-winning RStandard(R) composite pole. The pole is used as transmission and distribution poles to carry electric grids and as communication structures for various uses including wireless networks and microwave communications systems.
For the latest on RS's developments, go to the company's website at www.grouprsi.com.
"RStandard" is a registered trademark of RS.
SOURCE Resin Systems Inc.