Here is a bit of an update from the web. Also talked to secretary at NIR and she said new web sight will be up within a month.
NAPIER INTERNATIONAL TECHNOLOGIES INC. -
SV-35 CONFORMS TO BOEING
970924 - NAPIER INTERNATIONAL TECHNOLOGIES INC.(NIR) - VANCOUVER, BRITISH COLUMBIA
Napier is pleased to announce that Scientific Material International Inc. of
Miami, Florida, a recognized facility for the aerospace industry, has
delivered a second critical report confirming that Napier's SV-35 aviation
paint stripper "conforms with Boeing DG-17487, Revision L, Table 1
requirements for paint stripping".
Napier recently announced that the SV-35 also passed all McDonnell Douglas
CSD#1 Specs for removing paint from aluminum surfaces and high-strength steel
components.
In addition to the obvious advantages of being environmentally safe and user
friendly (it is no longer necessary for workers to use protective clothing
and breathing apparatus), SV-35's unique formulation actually lifts the paint
by destabilizing the bond and releasing the paint, leaving the entire
substrate, including rivets, perfectly clean. With the paint lifting in
sheets that remain solid, recovery and clean up is greatly simplified and
costs are dramatically reduced.
Now that Napier's SV-35 conforms to both McDonnell Douglas and Boeing Specs
the company will begin an international launch of our SV-35 into the very
large aerospace depainting industry. Management has entered into negotiations
with several distributors who were awaiting these very positive results from
SMI. We anticipate a successful conclusion from these negotiations in the
near future.
Napier International is a young chemical company located in Surrey, B.C.,
Canada that trades on both the Toronto and Vancouver Stock Exchanges. Napier
continues to market and develop products for the forestry, sign stripping,
auto, marine and aerospace industries, which industries now support over 90%
of Napier's revenue. The aerospace depainting industry alone represents
hundreds of millions of dollars spent annually an depainting aircraft.
Management would like to thank the companies in each of these industries for
assisting in the development of these new product lines by supplying samples
and testing information. Additional product information can be obtained
through our marketing team at (604) 888-5332.
On behalf of the management
[signed]
James G. Grinnell
Vice President Operations/CFO
The Toronto Stock Exchange Neither Approves or Disapproves the Contents of
This News Release Which Was Prepared Solely At The Discretion of the
Management. |
