IPL Inc.

IPL Inc.

June 14, 2007 16:30 ET

IPL to Continue Supplying Wheeled Carts to the City of Montreal

SAINT-DAMIEN, QUEBEC--(Marketwire - June 14, 2007) - IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, has announced the renewal of a large contract to supply the City of Montreal with wheeled carts for recyclable material collection. Worth over $7 million, the contract provides for up to 90,000 large-capacity carts to be delivered to the City of Montreal over a three-year period.

IPL 240- and 360-litre wheeled carts covered by the agreement offer a number of particularly advantageous technical characteristics, and will be used for the collection of waste and recyclable material and even organic material for composting. IPL has supplied solutions for the urban agglomeration of Montreal for nearly 10 years, helping optimize costs related to the collection, management and processing of household waste.

"We are delighted with the renewal of this contract with the City of Montreal," stated Serge Bragdon, President and Chief Executive Officer of IPL. "This agreement confirms both IPL's front-line expertise in the manufacturing of multifunctional wheeled carts and the pertinence of its sustainable development strategy for waste management. We are also very proud to be involved in the continuous improvement of the quality of life of Montrealers by attenuating the impact of their activities on the environment."

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