International Barrier Technology Inc. (IBTGF)

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International Barrier Achieves Rapid Sales Growth of Fire Resistant Wood Panels to Commercial Modular Building Manufacturers

International Barrier Technology Inc. (“Barrier”) (IBTGF: OTCBB; IBH: TSXV), a manufacturer of proprietary fire resistant building materials, reports that sales of its fire-resistant wood panels under its supply agreement with Mule-Hide Products Co., Inc. ("Mule-Hide") are growing rapidly and have surpassed the initial sales target of two million square feet on an annualized monthly basis. Mule-Hide has established an initial end user base of six regional and national commercial modular building manufacturers, comprising nine plants, using its Class A and Class C rated Mule-Hide® FR Deck Panel, the private-label brand it uses to market Barrier’s fire-rated sheathing. This success validates the competitive positioning and value proposition of the new Mule-Hide fire resistant oriented strand board (OSB) panels, which meet increasingly stringent requirements for wind and fire resistance in roof deck assemblies in commercial modular structures.
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