IPL Inc.
TSX : IPI.A

IPL Inc.

April 07, 2009 08:30 ET

IPL Is Awarded Three New Waste Handling Products Contracts

Contracts total $5.5 million from various regions of Canada

SAINT-DAMIEN, QUEBEC--(Marketwire - April 7, 2009) - IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, has been awarded three new contracts totaling approximately $5.5 million to manufacture Waste Handling products. Production will take place at the Saint-Damien facility.

The most important contract is for the production and distribution to 14 municipalities on Montreal's West Island, of up to 60,000 wheeled carts with capacities of 120, 240 and 360 litres to be used in the collection of recyclable materials. Deliveries will be made between the end of April and the end of August 2009.

The second mandate, awarded by the city of Whitehorse, Yukon, consists of the production of approximately 12,000, 240-litre wheeled carts to be delivered by the end of the current month. The mandate includes the supply of wheeled carts for the collection of waste and composting of organic materials, the latter to be carried out with IPL's Bio Cart, an environmentally-conscious solution that provides benefits for both users and operators.

The final contract authorizes the production of nearly 7,000 wheeled carts with capacities of 120 and 240 litres to be used in the collection of waste and recyclable materials in Williams Lake, British Columbia. Cart deliveries are also scheduled for April 2009.

"These contracts further illustrate our leading position in supplying products and services in the environmental sector across the country," said Serge Bragdon, President and Chief Executive Officer of IPL. "These mandates, combined with other important ones obtained in the last few months, validate our strategic decision to increase high-tonnage moulding capacity at our Saint-Damien plant. This capacity enables IPL to be increasingly proactive in its quest for business opportunities in the growing environmental products market."

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 close to 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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