VANCOUVER, British Columbia, Jan. 28, 2016 (GLOBE NEWSWIRE) -- Luxor Industrial Corporation, (TSX:LRL.V) (OTC:LXRRF) a leading manufacturer and distributor of engineered commercial and residential wood building products, today announced that it is in discussions with Tilcor Roofing (Ross Roof Group Ltd.) to provide lumber coated with Millennium Fire LLC’s MAFL16TM technology to defend against fire. Tilcor’s lightweight coated metal roofing defends against fire and wind and the battens that support that roofing will now be coated and supplied by Luxor to Tilcor’s Distribution Partners.
The current exchange rate and Luxor’s factory proximity to the United States border provides an additional advantage in manufacturing these products for export.
Tony Tiapon, Technical Sales Manager for Tilcor America, states, “We’re excited about partnering with Luxor and Millennium. Tilcor’s high performance lightweight coated metal roof system performs under harsh conditions that climate change related events can cause. We are pleased to suggest MALF16™ coated battens to our Distribution Partners. We already have customers in Sacramento and after debuting MALF16™ in this weekend’s home builder show we expect to have more. We will be following this up in next month’s big show in Orlando.”
Terry Lashman, CEO of Luxor, states, “For several months we’ve had discussions with Millennium in introducing this technology. It is a pleasant surprise that we’ve had an immediate interest from Tilcor. For the future we are discussing coating lumber and panel boards on a large scale for distributors and big box stores. Luxor and Millennium management have had initial discussions with major forest products manufacturers and distributors in British Columbia and the Pacific Northwest of the United States. They are excited about the technology and availability of treated wood products that defend against mold and fire.”
Forward Looking Statements
This news release contains forward looking statements. Although Luxor believes that the expectations reflected in these forward looking statements are reasonable, undue reliance should not be placed on them because Luxor can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Additional information may be accessed through the Sedar website: www.sedar.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.