GRPS Forms JV in MJ Greenhouses! 03/26/2014
As many shareholders know, I have been involved with another individual for the past 20 years in the development and maturation of certain composite technologies. Together, we have performed engineering, prototyping and manufacturing systems development for firms such as Great Dane Trailers, Fleetwood Enterprises, Western Star Trucks, and Sundowner Horse Trailers, to name a few.
That company is now in the process of establishing their manufacturing facility in the Republic of Panama where they will be manufacturing composite housing for South and Central America. Their facility is leased; their management is in place and the necessary equipment is in transit.
Of special interest in that market are solar roofs. How this benefits GRPS is that the best structural core for those roof panels is a polyurethane foam core, which cannot be used in manufacturing in Panama due to the outgassing of volatile organic compounds (VOC’s). Once GRPS succeeds in raising the necessary capital we will manufacture those roofs for them and we will be able to manufacture the fire retardant panels for greenhouse applications in the marijuana farming market as well as other greenhouse markets.
We anticipate a joint venture with this company in this regard will be forth-coming. An added benefit is that they will be able to source solar panels from outside the U.S. (the U.S. government has placed high tariffs and duties on this product), perform value added applications in Panama, and as the result of the U.S. and Panama’s free trade agreement, transship the solar panels to GRPS for housing and green house applications without having to pay the onerous duties/tariffs.
Further, the fire retardant housing panels will be tested by the University of Panama and will comply with the ASTM E-72 international building codes. This means that GRPS will not have to have that testing done here as the U.S. has embraced these codes.
It is anticipated that the Panama facility will be functional within 90 - 120 days and the ASTM E-72 testing complete within 60 days thereafter. We are working to secure our funding and hope to be operational within this time frame.
John Ohlin
President/CEO
Gold River Productions, Inc.
