Very thorough update...
Exciting it is...
Tekmodo resumes operations of large laminator
2017-05-10 12:20 ET - News Release
Mr. Jacob Vogel reports
TEKMODO PROVIDES OPERATIONAL UPDATE
Tekmodo Industries Inc. has provided the following operational update.
Large Laminator
At year end, the Company experienced an unexpected manufacturing equipment failure of its large laminator which resulted in substantially reduced sales and cash flow for the months of January and February 2017. The equipment was repaired and resumed operations in March 2017, with full production coming on in April 2017. Sales and cashflow were impacted in March and April as the business ramped up production.
The large laminator is important to the TekModo business as it produces the unique-to-market Fortis composite substrate (secondary layer). Fortis is a design-engineered composite substrate designed to replace luan (plywood) panels for a smooth, seamless sidewall that improves optics and reduces weight. Fortis panels are available in any length and in widths greater than eight feet. Fortis composites are currently incorporated into several lines of RVs and commercial buses throughout North America and China. The Fortis product line is offered in coils, large panels, or cut to size sheets. Additionally, Fortis serves as a substrate for RV OEM manufacturers to adhere to their exterior skins. The Fortis product line remains alone in the industry as the only continuous, seamless composite substrate system.
TekModo has upgraded and optimized the large laminator during the recent downtime, resulting in improved product quality, tighter tolerances and increased throughput speed. TekModo's clients have commented on the increased quality of the materials that are being produced.
GRP Line
TekModo commenced pre-production trials of lightweight, high gloss Spectralite(TM) from the GRP gel coat manufacturing line on April 24, 2017. Spectralite(TM) is a high-gloss seamless exterior wall panel with automotive-grade surface optics, significant weight reduction and increased durability.
TekModo will be conducting production runs designed to optimize the system parameters, processing conditions and product performance over the coming weeks. Client evaluations are expected to begin in June, which, if successful and orders are received, will result in commercialization in August 2017.
If product testing is successful, TekModo will integrate Spectralite(TM) with the Company's proprietary Fortis substrate in order to provide the most advanced seamless sidewall skin system in the marketplace.
Other Product Lines
Roll Coater
TekModo operates a continuous 10' wide roll coater, which remains extremely unique to the market. The roll coater allows for the continuous lightweight Fortis composite substrate to be bonded directly to client-provided FRP exterior skins to produce one-piece, composite sidewall, roof, and/or front wraps and rear walls. TekModo stands alone in the market place as the only company able to provide this unique to market solution. Market demand continues to remain strong and new customers and new opportunities continue to present themselves regularly.
Shear Line
A new 125" wide automated shear has been delivered and is being installed. This line will allow for the rapid production of sheets/or panels from coil stock. The shear has been designed to cut to size the vast array of composite materials produced, distributed, and processed by TekModo.
Lightweight Foam Panel Systems
TekModo has recently introduced an industry-first, design-engineered, lightweight polymer panel system. These panels serve as a direct replacement for plywood, adhesively laminated structures, and/or honeycomb composites. Targeted applications include roof, wall, slide-out floor, and main floor systems. Target markets include Commercial Vehicles, Marine, and RV applications. A wide array of surface options, panel thicknesses, and core densities will be offered to meet client-specific applications.
Benefits of this polymer panel system are:
10' width capability
Seamless system construct
Ubiquitous screw retention
Extreme chemical, and moisture resistance
Extreme weight reduction possibilities
Extreme durability and environmental resiliency
Decorative surface options available
Limited commercial programs have been initiated as part of a strategic rollout.
Activated Carbon
TekModo announced the delivery of its first shipment of distributed, pelletized activated carbon on December 8, 2016. Since then, two additional orders have been delivered. There are currently no additional orders for activated carbon.