Jul 9 2015
Luxor Industrial Corporation is pleased to announce that it has commenced manufacturing architectural wood products for Woodtone Industries based in Chilliwack, British Columbia.
Luxor has received orders for 788 units of knee-braces and 400 units of corbels. Typically these products used in residential construction are manufactured from lumber; Luxor is using engineered wood products, namely glulam beams. Luxor has developed an expertise in fabricating engineered wood products for uses in wood frame construction and now is utilizing this expertise to fabricate architectural wood products. Following initial shipments, Woodtone has been very pleased with the quality of products manufactured.
Manufacturing products for use in residential construction is important to the Company. Cash flow from these products, which include architectural wood products, precision end trimmed wall studs and patented IBS 2000® and patent pending IBS3000™ floor engineered bridging, account for two-thirds of the Company's overheads.
Luxor continues to do research and development on new products and will keep shareholders advised on existing activities and progress on new products.
As at the date of this news release, Luxor has 33,486,779 shares issued and outstanding.
Source: http://luxorcorp.com/