November 6, 2008

Burin Peninsula Firm Growing Capacity and Jobs with Assistance from Oil and Gas Export Fund

Grand Bank-based Dynamic Air Shelters Ltd. (DASL), a manufacturer and exporter of specialized inflatable shelters for use primarily in the oil and gas industry, is building capacity and expanding its operation with the assistance of $500,000 from the Provincial Government�s Oil and Gas Manufacturing and Services Export Development Fund, administered by the Department of Business.

"Dynamic Air Shelters is a prime example of a Newfoundland and Labrador company taking full advantage of opportunities to produce and export its specialized products for external oil and gas markets," the Honourable Paul Oram, Minister of Business, said at today's announcement in Grand Bank. "The Provincial Government is pleased to provide assistance to the company so that it can further grow and succeed, and bring sustainable jobs and business activity to the region."

The company is expanding its facilities and workforce on the Burin Peninsula from roughly 70 employees at present to in excess of 100. The expansion plan includes a 6,000 square-foot extension to the existing facility, the creation of a fully dedicated Quality Control inspection building and the acquisition of new specialized manufacturing equipment, which will help the company consolidate operations and capitalize on increased demand.

"With the assistance from this program, we can better establish our company�s base, expand our manufacturing capabilities and open up more opportunities to export our products from right here on the Burin Peninsula," said Harold Warner, President of DASL. "We are very excited about this opportunity to further grow the business."

Dynamic Air Shelters manufactures specialized, inflatable industrial shelters for the oil and gas sector, as well as structures for promotional and "first response" uses. The structures are durable, compact and easily deployed, and are designed to be open and functional work spaces.

The company�s blast-resistant shelters are being used at oil refineries on the Gulf Coast and other locations in the United States. Other shelters are being used on industrial project sites and provide workers with protection from extreme weather conditions, which contributes to improved safety and productivity in challenging and harsh environments.

"Dynamic Air Shelters is a great example of a small company doing great things in rural Newfoundland and Labrador," said Darin King, MHA for Grand Bank. "I am very pleased to see the commitment of the employees and management to make this operation succeed, and especially happy that our government and the Minister are able to be a part of supporting this success."

"The company is in a growth mode and employs a significant number of people on the Burin Peninsula," said Minister Oram. "The community of Grand Bank and the region will benefit from the company�s success."

The Department of Business has been actively pursuing opportunities that will help foster increased export capability and technology transfer in Newfoundland and Labrador�s oil and gas supply and service sector. The Oil and Gas Manufacturing and Services Export Development Fund is designed to support export-based opportunities for the fabrication of equipment and provision of services related to supplying the oil and gas industry, which better enables companies to take advantage of opportunities beyond local industrial projects.

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Media contacts:

Mark King
Director of Communications
Department of Business
709-729-7628, 699-3454

Harold Warner
Dynamic Air Shelters
709-832-1211, 403-540-4148

2008 11 06                                                    11:10 a.m.

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