Investor Fact Sheet
International Barrier Technology Inc. (OTCBB: IBTGF; TSXV: IBH) develops, manufactures, and markets proprietary fire resistant technology including building materials branded as LP® FlameBlock™ Fire-Rated OSB and FR Deck Panel. Barrier's award-winning family of structural wood panels use a patented, non-toxic, non-combustible coating with an extraordinary capability: it releases water in the heat of fire. Pyrotite™ has potential applications to engineered wood products, paint, plastics, and expanded polystyrene.
Barrier's panels exceed "model" building code requirements in every targeted fire test and application, and are unique in combining properties that increase panel strength and minimize environmental and human impact. Barrier's family of products provide customers a premium material choice meeting an increasingly challenging combination of requirements in residential and commercial building construction. Barrier completed the certification and received their International Code Congress Report ICC-ESR 1365(pdf 53k) in the Fall of 2005. The publication of this report has expanded the market for Barrier panels to the entire region west of the Mississippi.
Barrier's products provide customers - developers and builders of residential, commercial, and institutional buildings, and pre-fabricated building manufacturers – with a premium material choice that meets an increasingly challenging combination of financial and technical performance requirements for many applications. Customers already include many of the top multifamily homebuilders and commercial modular building manufacturers in the United States. Lowe's Companies, Stock Building Supply, Builders Firstsource, 84 Lumber, and ABC Supply, Co. are distributors.
After refining its products and manufacturing processes and establishing sales through its exclusive US license to Pyrotite™ (in April 2004), Barrier announced an agreement to acquire the Pyrotite technology in order to pursue identified emerging opportunities. This acquisition is an important step in providing access to global markets; additional product applications; and new business relationships (such as licensing).
The company first acquired rights to the Pyrotite technology in 1986, and currently owns and operates a manufacturing plant in Watkins, Minnesota. As an experienced company with a long sales history and addressable markets measured in hundreds of millions of square feet, Barrier is expanding its role and increasing its market share in the fire safety industry.