SOURCE: Stelax Industries Ltd.

August 01, 2005 09:00 ET

NUOVINOX™ Delivered for Michigan DOT Project and Distribution Set Up in Israel

DALLAS, TX -- (MARKET WIRE) -- August 1, 2005 -- Stelax Industries Ltd. (OTC: STAX) (Euronext Symbol: "STAX") - Stelax International Ltd. announced today that Stelax, Inc. has delivered NUOVINOX™ stainless steel clad rebar for the Michigan Department of Transportation (MIDOT) M43 - Sebewa Drain bridge reconstruction project outside of Sunfield, Michigan. This project was the first use of NUOVINOX™ for MIDOT and photos will be posted on "PHOTOS" in the near future, in addition to photos of the Alaska DOT and Hawaiian Electric Company projects.

Mr. Harmon Hardy, Chairman of the Stelax companies, stated: "We are pleased to have had the opportunity to work with Michigan DOT on this project and look forward to additional projects in the future as we continue to pursue our plans for U.S. production of NUOVINOX™. The recent establishment of NUOVINOX™ distribution in Israel will provide additional opportunities for further growth in the international markets for our product."

NUOVINOX™ distribution has been set up in Israel with Powermesh Ltd, a specialist company in the corrosion protection and refurbishment of concrete infrastructure. Dr Zvi Reichverger, Managing Director of Powermesh Ltd, stated: "We are pleased to have the opportunity to work with Stelax and become their distributor for NUOVINOX™ in Israel. The projects we are involved with here in Israel, from water desalination plants to seaside resorts, have one thing in common: all are requiring a more cost-effective long-term solution against corrosion in order to extend their project life. We believe Powermesh, which is known and respected amongst the country's top civil engineering consultants and opinion leaders, is well-placed to gain engineering acceptance of NUOVINOX™ for a variety of project applications."

Stelax International Ltd. manufactures NUOVINOX™ in Wales, United Kingdom, and produces two separate product lines through the Abernathy facility: "NUOVINOX™," a stainless steel claded product with a carbon steel core utilizing the company's unique patented manufacturing process and "StelaBlast™," steel abrasive shot pellets which are used as an abrasive cleaner and polisher in steel manufacturing. Distribution relationships have been set up for NUOVINOX™ in Japan, United Kingdom, Hong Kong and now Israel.

This press release contains forward-looking statements identified by words such as "believe," "expect," "anticipates" and similar expressions. Actual results might differ materially from those projected in, expressed in or implied by the forward-looking statements, which speak only as to management's expectations this date.

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Contact Information

  • For Further Information Contact:

    Ross E. Paulson
    Stelax, Inc.
    Stelax Industries Ltd.
    Stelax International Ltd.
    P/F: (+1) 425.823.1913
    E: Email Contact