IPL Inc.

IPL Inc.

May 07, 2007 08:00 ET

IPL Wins a Major Contract to Supply Wheeled Carts to the City of Longueuil

SAINT-DAMIEN, QUEBEC--(CCNMatthews - May 7, 2007) - IPL Inc. (TSX:IPI.A), one of North America's leading manufacturers of plastic products, has won a contract to supply the city of Longueuil with wheeled carts for waste recycling. A total of nearly 75,000 carts are presently being distributed by IPL's partner, RCI Environnement.

Slightly more than half (38,000) of the wheeled carts delivered under the contract will be used to collect recyclable material. These 360-litre capacity containers have significant advantages that make them easier and more efficient to use than the 64-litre containers presently used by Longueuil residents. Not only are they larger, they are also easier to manage and have a cover that protects the recyclable material from the elements, aspects that will help Longueuil residents continue to improve the quality of their environment.

"We are proud that IPL's innovative technical solutions have been chosen for the citizens of Longueuil," stated Serge Bragdon, President and Chief Executive Officer of IPL. "This contract shows once again the key role that IPL products can play on the environmental front."

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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