SOURCE: Stelax Industries Ltd.

August 22, 2005 09:00 ET

Stelax Announces NUOVINOX™ Rebar Ordered for Historic Bow Bridge Restoration Project in Hadley, New York and Distribution Set Up in Puerto Rico

DALLAS, TX -- (MARKET WIRE) -- August 22, 2005 -- Stelax Industries Ltd. (OTC: STAX) (Euronext Symbol: STAX) -- Stelax International Ltd. announced today that a Purchase Order has been received for use of NUOVINOX™ stainless steel clad rebar on the historic Bow Bridge Reconstruction Project in Saratoga County -- Hadley, New York.

Built in 1885 to replace an 1813 wooden covered bridge that burned, the Hadley Parabolic Bridge, better known as the Bow Bridge is one of three iron lenticular truss bridges built in New York State by the Berlin Iron Bridge Co. and the only one left standing. It was placed on the National Registry of Historic Sites in 1977. Now for the first time since 1984 -- when the bridge was closed because of safety concerns -- the two sides of Hadley will be directly connected. Photo of the bridge is viewable over the web at the following address: www.greenfieldpress.com/BowBridge.html

Stelax International Ltd. has also established distribution of NUOVINOX™ with MCA Engineering Consultants PSC in Puerto Rico. MCA is a well-recognized multi-disciplined engineering firm dealing with a variety of projects through out the Caribbean area. NUOVINOX™ will address the corrosive conditions experienced in Puerto Rico with a solution, which will increase project life and lower long-term maintenance costs. MCA is making the Puerto Rico debut introduction of NUOVINOX™ at the 65th Annual SASHTO Conference (Southeastern Association of State Highway Transportation Officials) held in Puerto Rico through August 24th, 2005.

Mr. Eladio Castrodad, P.E. and Principal of MCA Engineering Consultants PSC stated: "We are well aware of the short comings of regular carbon steel reinforced concrete when confronted with chlorides in our island environment. Based on the years of detailed test research completed to date on this subject, we are confident that NUOVINOX™ will offer a superior cost effective solution for a variety of infrastructure projects here in Puerto Rico."

Harmon Hardy, Chairman of the Stelax companies stated: "We are honored that the New York State Department of Transportation and State Office of Historic Preservation have entrusted this historic restoration project to Stelax and our NUOVINOX™ stainless steel clad rebar. We know that the Bow Bridge will be restored to its former beauty and by using NUOVINOX™, this time it will last. We are also pleased to have MCA Engineering Consultants PSC, a leader in the engineering community, represent Stelax and NUOVINOX™ in Puerto Rico. As the benefits of NUOVINOX™ are introduced in Puerto Rico, we are confident that such value will be recognized as has also been the case in the similar Hawaii market."

Headquartered in Wales, United Kingdom, Stelax produces two separate product lines through their Aberneath facility: "NUOVINOX™," a stainless steel cladded 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, Israel and Puerto Rico.

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
    W: www.stelax.com