Eco Building Products, Inc.’s Subsidiary, Wood Protection Technologies (WPT), Reports Sales Surge
SAN DIEGO, CA–(Marketwired – May 18, 2017) – Eco Building Products, Inc., (OTC PINK: ECOB) reported today that initial shipments by the Company’s subsidiary, Wood Protection Technologies, Inc., (WPT) are substantially ahead of schedule and as a result, sales will greatly exceed forecast. The Company and its licensee have been working on a launch and ramp-up plan for their new national distribution agreement which quickly expanded to year end targets within the first 30 days.
“We went into the program with a plan to expand over four quarters and by the end of the first six weeks we are already shipping at Q4 targets. The growth has far exceeded our expectations and while it tested our ability to operationalize the sales, we have rallied and delivered”, said Tom Comery, WPT’s President and CEO. ‘We can expect the pace to slow as they fill their pipeline, however, being this far ahead in the distribution plan suggests that as they start to absorb and reorder, we will experience much greater volume overall in the first year of the program.”
Ramping the program was a great deal more involved than simply shipping chemical; the Company assisted in setting up the customer’s mixing operation, calibrating treatment rates, qualifying the plant by WPT’s third party inspection agency as well as dialing in the exact color.
D-Fence™ is an environmentally friendly wood fencing treatment that combines WPT’s patent pending, Wood Surface Film Concentrate™ chemistry that protects wood from mold, termites and fungal decay with a proprietary, fade resistant stain formulation.
The Company’s chemistry serves multiple end use wood markets and fencing alone is roughly a $1.5 billion segment.
About Eco Building Products, Inc.
Eco Building Products, Inc. (Eco) is a manufacturer of proprietary, environmentally conscientious chemistry utilizing patent pending ECOB WoodSurfaceFilm™ and FRC™ technology (Fire Retardant Coating). Eco’s products protect against fire, mold/mycotoxins, fungal-decay, wood ingesting insects and termites. Eco is headquartered in San Diego, CA and goes to market through licensed Affiliates nationwide.
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