IPL Is Awarded Three New Waste Handling Products Contracts

* Reuters is not responsible for the content in this press release.

Tue Apr 7, 2009 8:31am EDT

  SAINT-DAMIEN, QUEBEC, Apr 07 (MARKET WIRE) -- 
IPL Inc. (TSX: IPI.A), one of North America's leading manufacturers of
plastic products, has been awarded three new contracts totaling
approximately $5.5 million to manufacture Waste Handling products.
Production will take place at the Saint-Damien facility.

    The most important contract is for the production and distribution to 14
municipalities on Montreal's West Island, of up to 60,000 wheeled carts
with capacities of 120, 240 and 360 litres to be used in the collection
of recyclable materials. Deliveries will be made between the end of April
and the end of August 2009.

    The second mandate, awarded by the city of Whitehorse, Yukon, consists of
the production of approximately 12,000, 240-litre wheeled carts to be
delivered by the end of the current month. The mandate includes the
supply of wheeled carts for the collection of waste and composting of
organic materials, the latter to be carried out with IPL's Bio Cart, an
environmentally-conscious solution that provides benefits for both users
and operators.

    The final contract authorizes the production of nearly 7,000 wheeled
carts with capacities of 120 and 240 litres to be used in the collection
of waste and recyclable materials in Williams Lake, British Columbia.
Cart deliveries are also scheduled for April 2009.

    "These contracts further illustrate our leading position in supplying
products and services in the environmental sector across the country,"
said Serge Bragdon, President and Chief Executive Officer of IPL. "These
mandates, combined with other important ones obtained in the last few
months, validate our strategic decision to increase high-tonnage moulding
capacity at our Saint-Damien plant. This capacity enables IPL to be
increasingly proactive in its quest for business opportunities in the
growing environmental products market."

    About IPL

    IPL Inc. is one of the leading North American producers of moulded
plastic products through injection and extrusion for different industrial
manufacturing sectors. IPL employs close to 1,000 people in its four
plants located in Saint-Damien, Saint-Lazare and Lawrenceville (Quebec),
and Edmundston (New Brunswick). The Company manufactures and markets over
400 products for the packaging, materials handling and environment
sectors. IPL also provides highly technical value-added custom moulding
services for the automotive and transport industries, as well as for
various industrial uses. Further information about IPL is available at
www.ipl-plastics.com.

    Forward Looking Statements

    With the exception of historical information, this press release may
contain declarations of a speculative nature with regard to the Company's
future performance. These are made based on assumptions, uncertainties
and management's best estimates with regard to future events, and are
subject to certain risks factors. Such factors might include, but are not
limited to, fluctuations in quarterly results, changes in customer demand
for the Company's services and the impact of competitive price pressures,
as well as general market trends and changing economics. Consequently,
readers are advised that actual results may be different than expected
results.

Contacts:
IPL Inc.
Serge Bragdon
President and Chief Executive Officer
418-789-2880
sbragdon@ipl-plastics.com

IPL Inc.
Gaston Lacasse
Vice President, Sales and Marketing
418-789-2880, ext. 216
glacasse@ipl-plastics.com

MaisonBrison
Martin Goulet, CFA
514-731-0000
martin@maisonbrison.com

Copyright 2009, Market Wire, All rights reserved.

-0-
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.