International Barrier Technology Inc., a manufacturer of proprietary fire resistant building materials, reported a net income of $35,761 for the three month period ending Sept. 30, 2005. Record sales volume of $1,615,865 and 1,651,400 sq. ft. for this period were reported in October 2005. Sales to commercial modular markets were up to 869,100 sq.ft, a 122% increase over the same period in the previous year.
“Barrier is extremely pleased with the strong start to fiscal year 2006,” said Michael Huddy, Ph.D., International Barrier’s president and CEO. Success in the commercial modular building market is the primary force behind growth in this period. Roof deck markets continue to be strong in existing east coast multifamily residential markets. Market introductions for Blazeguard have begun in Southern California and in the upper midwest, where Barrier has hired an experienced sales manager.
“Our focus for the year remains the successful start-up of the new production line in Watkins, (Minn.) and on continued growth in sales of Blazeguard,” Huddy continued. “Expanding Blazeguard sales into the priority geographies of the midwest, California, and Texas, has been facilitated by the publication of the International Code Congress Evaluation Services Report which sanctions the use of Blazeguard wherever the International Building Code is used.”
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