IPL Inc.

IPL Inc.

September 04, 2007 08:30 ET

IPL Obtains a Contract to Supply Wheeled Carts to Eight Municipalities in the Richelieu River Valley

SAINT-DAMIEN, QUEBEC--(Marketwire - Sept. 04, 2007) - IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, has been awarded a contract to manufacture and distribute wheeled carts for recyclable material collection for eight municipalities members of the RCM La Vallee du Richelieu. Total value of the contract exceeds $2.2 million.

Close to 27,000, 360-litre carts will be delivered between September and November 2007. The RCM has selected a lidded, multi-compartment blue cart equipped with features ensuring an optimal usage for both residents and operating partners that collect and handle materials. The multi-compartment configuration allows recyclable materials to be sorted based on their original matter, namely paper and cardboard, plastic materials, glass, and metal. In addition, the cart is conceived to be compatible with the current sorting facility and it reduces contamination risk between residuals, thereby further protecting the environment.

"IPL's innovative technical solutions continue to be selected by an increasingly greater number of municipalities,"said Serge Bragdon, President and Chief Executive Officer of IPL. "This mandate further demonstrates the leading position our products occupy in the environment sector."

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.

Contact Information

  • IPL Inc.
    Serge Bragdon, , President and
    Chief Executive Officer
    1-800-463-7083 (Canada)
    1-800-463-4755 (U.S.)
    IPL Inc.
    Jason Savage
    Marketing Director
    418-789-2880, Ext. 303
    Martin Goulet, CFA