SOURCE: Stelax Industries Ltd.

May 04, 2005 13:23 ET

Stelax NUOVINOX™ to Be Used on 2 Hawaii D.O.T. Projects & Alaska D.O.T. Delivery

DALLAS, TX -- (MARKET WIRE) -- May 4, 2005 -- Stelax Industries Ltd. (OTC: STAX) (Euronext Symbol: STAX) / Stelax International Ltd. today announced that Stelax, Inc. has received a 2nd contract for use of NUOVINOX™ on the Hawaii Department of Transportation (HIDOT) - Queen Kaahumanu Highway, Guardrail and Shoulder Improvements Project from Kawaihae to Hapuna on the island of Hawaii. The 3rd HIDOT project selected for use of NUOVINOX™ rebar is the Kamehameha Highway Kokololio Bridge project on Oahu.

The NUOVINOX™ rebar for the previously announced Alaska DOT - Gastineau Channel Bridge - Navigation Clearance Gauge Project has arrived in Seattle and been delivered to the contractor's Alaska-bound project staging area in Seattle.

Paradise Reinforcing, Inc. of Waipahu, Hawaii, will be supplying and installing the NUOVINOX™ rebar for the recently bid HIDOT Kamehameha project. Mr. Glenn Eugenio, President of Paradise, stated: "We are encouraged by the high level of interest engineers are showing in NUOVINOX™ to address reinforced concrete corrosion problems here in Hawaii. Further applications for NUOVINOX™ are being considered for projects on various islands in Hawaii so as to provide a reliable long-term solution in our corrosive environment."

Harmon Hardy, Chairman of the Stelax companies, stated: "Use of NUOVINOX™ on these two follow-up HIDOT project suggests that NUOVINOX™ is fulfilling a needed market segment that has to date been overlooked. We expect to see this trend continue in other market areas as usage applications grow and also look forward to working with Alaska DOT on additional projects in the future."

Stelax International Ltd. manufactures NUOVINOX™ in Wales, United Kingdom, and produces two separate product lines through the Aberneath facility: "NUOVINOX™," a stainless steel cladded product with a carbon steel core utilizing the company's unique patented manufacturing process, and "StelaBlast™," steel abrasive shot pellets which are used as an abrasive cleaner and polisher in steel manufacturing. Distribution relationships have been set up for NUOVINOX™ in Japan, United Kingdom, and Hong Kong.

This press release contains forward-looking statements identified by words such as "believe," "expect," "anticipates" and similar expressions. Actual results might differ materially from those projected in, expressed in or implied by the forward-looking statements, which speak only as to management's expectations this date.

NUOVINOX™ -- "The New Standard for a World Market"™

Contact Information

  • For Further Information Contact:
    Ross E. Paulson
    Stelax, Inc.
    Stelax Industries Ltd.
    Stelax International Ltd.
    P/F: (+1) 425 823-1913