From shareholder letter: Getting a UC1 and UC2 code is what we're waiting for. Should be any week. Getting that code means our wood is stamped with UC1 and UV2 like pressure treated wood. We are cheaper with the added fire inhibitor, its a no brainer for builders and engineers to switch.
"The Company is far along with all testing and quality control implementations and expects to potentially meet AC433 requirements and receive an ESR designation from the ICC by the end of first quarter 2012.
The creation of a building code (AC433) addresses a key element (Termite Protection – Wood Rot/Decay) in the wood protection offered by Eco Building products and will potentially open up significant market opportunities. Once product certification is achieved Eco Red Shield lumber products will meet industry standard Use Categories UC1 and UC2 as defined by the AWPA guidelines for usage of treated lumber. The pressure-treatment industry generates roughly $4 billion annually (Source: CBS News, February 11, 2009). Approximately 65% of the treated wood components sold annually fall into the UC1 and UC2 use categories opening up significant opportunities for Eco Red Shield products as a direct substitute or competitive product.
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