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Thursday, February 26, 2009 9:31:30 AM
Conforce Announces Strategic Partnership with Bayer MaterialScience LLC
MARKET WIRE via COMTEX
Toronto, Ont. - February 26, 2009 Conforce International, Inc. (OTC: CFRI - "Conforce" or "Company") is pleased to announce that Conforce and Bayer MaterialScience have signed a definitive agreement establishing a strategic partnership between the two companies. Bayer MaterialScience LLC ("Bayer") is one of the world's leading polymer companies and is a division of the global conglomerate Bayer AG (DE: BAY), a recognized leader in health care, nutrition and the development of advanced materials.
The objective of the partnership is to enable Conforce and Bayer to leverage their respective strengths as they work toward the successful commercialization of EKO-FLOR. The partnership will provide Conforce with key support in the areas of advanced design and material analysis, efficient production practices, technical know-how and expertise, and a global material supply chain consistent with the projected requirements of EKO-FLOR.
Jerry MacCleary, Bayer MaterialScience Senior Vice President, Head of Polyurethanes North America Marketing and Business Development said that "we see EKO-FLOR as one of our key growth projects and are committed to bringing Conforce our technology, expertise and global BaySystems network in order to make the commercialization of EKO-FLOR a success." The BaySystems global network is comprised of 30 system houses on six continents.
Conforce has developed EKO-FLOR cs-4, a polymer based composite container flooring system engineered to create a cost-effective and environmentally responsible alternative to tropical hardwood and other wood-based flooring. Recent product enhancements include a significant reduction in weight resulting in a weight advantage of approximately 18% over plywood floors. The product also features an innovative surface shield developed jointly by Conforce and Bayer. The Company expects that key customer final product evaluations resulting from ocean-going trials will be completed during the third quarter of calendar 2009. Upon successful completion of the trials, the company anticipates receiving orders for shipments in 2009/10. Commencing in the second quarter of calendar 2010, the company plans to fulfil orders for EKO-FLOR cs-4 from a new state-of-the-art Conforce facility to be established in China.
Harry M. George, Bayer MaterialScience Market Unit Head, Molded Parts, NAFTA, stated that "In my opinion, Conforce has stretched the manufacturing envelope with this innovation. EKO-FLOR is ground- breaking technology; it's very unique. And we at Bayer are very excited to be involved in this strategic partnership with Conforce on the EKO-FLOR project."
The partnership will also provide valuable support for EKO-FLOR ms-1, a composite panel system designed specifically for use in rapid deployment special application US military containers. Conforce recently commenced production of ms-1 to fulfil its first order and according to Joseph DeRose, Conforce Vice President of Product Development, "Bayer made a significant contribution to the commercialization of ms-1 by organizing equipment design, processing and product testing resources that were able to support our technology."
Conforce President & CEO Marino Kulas added that "this partnership with Bayer better positions us to execute on a global scale. We are confident that by combining the vast resources of Bayer with our EKO- FLOR innovation, we will be able to redefine the future of the container industry."
About Bayer MaterialScience
With 2007 sales of Euro 10.4 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. In 2007, Bayer MaterialScience had 30 production sites and employed approximately 15,400 people globally. Bayer MaterialScience is a Bayer Group company. For more information, please visit www.bayermaterialscience.com.
About Conforce International
Management of the Company has been in the shipping container business for over 25 years. Conforce operates a multi-acre, full service container Terminal that provides storage, handling, repair and transportation services for International Shipping Lines. In addition to its terminal business, the Company has developed a polymer based composite panel system designed to change the way shipping containers and highway trailers are made. The environmentally-friendly product, EKO-FLOR, has been certified by the American Bureau of Shipping for use in shipping containers worldwide. The Company has commenced customer evaluations of its product and has received orders for ocean-going trials from International Shipping lines. The Company's objective is to provide a cost-effective, environmentally responsible alternative to the wood currently used as flooring in containers and trailers. Conforce research, currently available in the public domain, indicates that apitong, a specific wood used for container flooring, is rapidly depleting and that a suitable alternative is in high demand. For more information on the Company, please click on the website listed below. Additional information on Conforce may be found by viewing the Company's Form 10 Registration Statement on the Investor Relations page of the Conforce website. The Company recently filed its Form 10 Registration Statement with the United States Securities and Exchange Commission (SEC) and its Form 211 Information Statement with the Financial Industry Regulatory Authority (FINRA) with the objective being to have its securities listed for trade on the OTCBB.
Click to visit: http://www.conforce1.com
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain statements in this press release may contain words such as "anticipates", "believes", "could", "estimates", "expects", "intends", "may", "projects", "plans", "targets" and other similar language and are considered forward-looking statements. These statements are based on management's current expectations, estimates, forecasts and projections about the success of its newly developed container and trailer flooring products, as well as certain other composite based flooring products in various stages of development. These forward-looking statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and therefore the actual results may be materially different from those discussed.
MARKET WIRE via COMTEX
Toronto, Ont. - February 26, 2009 Conforce International, Inc. (OTC: CFRI - "Conforce" or "Company") is pleased to announce that Conforce and Bayer MaterialScience have signed a definitive agreement establishing a strategic partnership between the two companies. Bayer MaterialScience LLC ("Bayer") is one of the world's leading polymer companies and is a division of the global conglomerate Bayer AG (DE: BAY), a recognized leader in health care, nutrition and the development of advanced materials.
The objective of the partnership is to enable Conforce and Bayer to leverage their respective strengths as they work toward the successful commercialization of EKO-FLOR. The partnership will provide Conforce with key support in the areas of advanced design and material analysis, efficient production practices, technical know-how and expertise, and a global material supply chain consistent with the projected requirements of EKO-FLOR.
Jerry MacCleary, Bayer MaterialScience Senior Vice President, Head of Polyurethanes North America Marketing and Business Development said that "we see EKO-FLOR as one of our key growth projects and are committed to bringing Conforce our technology, expertise and global BaySystems network in order to make the commercialization of EKO-FLOR a success." The BaySystems global network is comprised of 30 system houses on six continents.
Conforce has developed EKO-FLOR cs-4, a polymer based composite container flooring system engineered to create a cost-effective and environmentally responsible alternative to tropical hardwood and other wood-based flooring. Recent product enhancements include a significant reduction in weight resulting in a weight advantage of approximately 18% over plywood floors. The product also features an innovative surface shield developed jointly by Conforce and Bayer. The Company expects that key customer final product evaluations resulting from ocean-going trials will be completed during the third quarter of calendar 2009. Upon successful completion of the trials, the company anticipates receiving orders for shipments in 2009/10. Commencing in the second quarter of calendar 2010, the company plans to fulfil orders for EKO-FLOR cs-4 from a new state-of-the-art Conforce facility to be established in China.
Harry M. George, Bayer MaterialScience Market Unit Head, Molded Parts, NAFTA, stated that "In my opinion, Conforce has stretched the manufacturing envelope with this innovation. EKO-FLOR is ground- breaking technology; it's very unique. And we at Bayer are very excited to be involved in this strategic partnership with Conforce on the EKO-FLOR project."
The partnership will also provide valuable support for EKO-FLOR ms-1, a composite panel system designed specifically for use in rapid deployment special application US military containers. Conforce recently commenced production of ms-1 to fulfil its first order and according to Joseph DeRose, Conforce Vice President of Product Development, "Bayer made a significant contribution to the commercialization of ms-1 by organizing equipment design, processing and product testing resources that were able to support our technology."
Conforce President & CEO Marino Kulas added that "this partnership with Bayer better positions us to execute on a global scale. We are confident that by combining the vast resources of Bayer with our EKO- FLOR innovation, we will be able to redefine the future of the container industry."
About Bayer MaterialScience
With 2007 sales of Euro 10.4 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. In 2007, Bayer MaterialScience had 30 production sites and employed approximately 15,400 people globally. Bayer MaterialScience is a Bayer Group company. For more information, please visit www.bayermaterialscience.com.
About Conforce International
Management of the Company has been in the shipping container business for over 25 years. Conforce operates a multi-acre, full service container Terminal that provides storage, handling, repair and transportation services for International Shipping Lines. In addition to its terminal business, the Company has developed a polymer based composite panel system designed to change the way shipping containers and highway trailers are made. The environmentally-friendly product, EKO-FLOR, has been certified by the American Bureau of Shipping for use in shipping containers worldwide. The Company has commenced customer evaluations of its product and has received orders for ocean-going trials from International Shipping lines. The Company's objective is to provide a cost-effective, environmentally responsible alternative to the wood currently used as flooring in containers and trailers. Conforce research, currently available in the public domain, indicates that apitong, a specific wood used for container flooring, is rapidly depleting and that a suitable alternative is in high demand. For more information on the Company, please click on the website listed below. Additional information on Conforce may be found by viewing the Company's Form 10 Registration Statement on the Investor Relations page of the Conforce website. The Company recently filed its Form 10 Registration Statement with the United States Securities and Exchange Commission (SEC) and its Form 211 Information Statement with the Financial Industry Regulatory Authority (FINRA) with the objective being to have its securities listed for trade on the OTCBB.
Click to visit: http://www.conforce1.com
Safe Harbor Act Disclaimer: Forward-looking statements in this release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Certain statements in this press release may contain words such as "anticipates", "believes", "could", "estimates", "expects", "intends", "may", "projects", "plans", "targets" and other similar language and are considered forward-looking statements. These statements are based on management's current expectations, estimates, forecasts and projections about the success of its newly developed container and trailer flooring products, as well as certain other composite based flooring products in various stages of development. These forward-looking statements are subject to important assumptions, risks and uncertainties, which are difficult to predict and therefore the actual results may be materially different from those discussed.
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