Lilo Beuzieron, CEO of Barotex Technology Corporation (“Barotex”) (Pink Sheets:BARX), announced today that Barotex has reached a significant milestone by nearing completion of the final round of testing on a variety of protective panels designed for use in commercial and military aircraft. In fact, results have substantially exceeded the expectations of partner companies who participated in the testing. Consequently, they have already filed for FAA approval.
Completion of the FAA approval process is expected in Q1, 2008, at which time Barotex will be in the position to offer the aerospace industry a wide range of parts and panels constructed from the Barotex® material.
The Barotex® fiber based material used in producing these aircraft panels is a revolutionary specialty fiber technology that is highly disruptive and will soon be the material of choice for myriad aircraft panels and parts currently manufactured from aluminum. Mr. Beuzieron commented that “there are three major factors that make the new Barotex fiber based panels exceptionally attractive, they weigh approximately one-third as much as the aluminum panels, are between two and three times stronger and cost approximately one-third of what is currently being paid for these same panels.”
For more information please visit www.barotextechnology.com.
About Barotex Technology Corporation
As an innovative specialty fiber company, Barotex Technology Corporation has developed fibers that represent a truly disruptive and paradigm shifting technology with broad based application across many market sectors that will redefine the way the world views and utilizes composite type and/or specialty materials. For many applications Barotex can efficiently and cost effectively replace the reigning composite material industry leaders such as glass and mineral fibers (fiberglass, carbon fiber, kevlar, etc.) or Barotex can be combined with these composite materials to produce stronger, lighter, lower cost products.
This press release may contain forward-looking statements. Any statements that express or involve discussion with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical facts and may be forward-looking statements. Forward-looking statements are based on expectations, estimates and projections at the time the statements are made to involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated.
Garrett K. Krause, 310-451-7400