IPL Inc.

IPL Inc.

October 16, 2007 08:30 ET

IPL Invests in its Edmundston Facility

EDMUNDSTON, NEW BRUNSWICK--(Marketwire - Oct. 16, 2007) - IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, is announcing an important investment program at its Edmundston, New Brunswick, facility. Starting in January 2008, IPL will install three new state-of-the-art injection presses, of which one represents capacity addition and two will replace existing equipment with more performing technology. This program represents a total investment of $1.2 million.

"This investment will allow us to improve our competitive position," said Serge Bragdon, President and Chief Executive Officer of IPL. "With this more efficient equipment, our employees will be better able to put their talent to work, thus providing IPL with the opportunity to exploit new business avenues in keeping with our corporate culture based on innovation."

About IPL

IPL Inc. is one of the leading North American producers of moulded plastic products through injection and extrusion for different industrial manufacturing sectors. IPL employs more than 1,000 people in its four plants located in Saint-Damien, Saint-Lazare and Lawrenceville (Quebec), and Edmundston (New Brunswick). The Company manufactures and markets over 400 products for the packaging, materials handling and environment sectors. IPL also provides highly technical value-added custom moulding services for the automotive and transport industries, as well as for various industrial uses. Further information about IPL is available at www.ipl-plastics.com.

Forward Looking Statements

With the exception of historical information, this press release may contain declarations of a speculative nature with regard to the Company's future performance. These are made based on assumptions, uncertainties and management's best estimates with regard to future events, and are subject to certain risks factors. Such factors might include, but are not limited to, fluctuations in quarterly results, changes in customer demand for the Company's services and the impact of competitive price pressures, as well as general market trends and changing economics. Consequently, readers are advised that actual results may be different than expected results.

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