Our subsidiary, Wood Protection Technologies, Inc. (“WPT”), has entered into an exclusive licensing and distribution agreement with one of the industry’s largest wood fencing manufacturers. WPT has granted the rights to its proprietary fencing formulation, D-Fence™ that protects wood fencing from termites, mold, fungal decay and fire. Chemical shipments from our San Diego facilities are anticipated to commence in early April and our licensee’s production of fencing to commence shortly thereafter. We anticipate that fencing protected by WPT’s proprietary fencing formulation, D-Fence™, will become available from inventory at various “big box” home centers in May and widely available in many U.S. markets by year end.
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