LPPI 441K VOLUME 10 DAY AVG_100K .0019 LEEP is
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LEEP is a publicly held manufacturer of LeepCore(TM) Structural Panels. The product offers advanced benefits, including cost-effective design and reduced timeframes to construct floors, roofs and frameless, load-bearing, freestanding walls.
LeepCore(TM) is a lightweight structural building
material that is fire, mold, water, dry rot, corrosion, and termite resistant.
LEEP NEWS (LPPI) from October 2014:
The Company (LEEP) continues to build mail screening buildings for the Federal government. We recently delivered four new units for use at Embassies and Consulates in various parts of the world, including Africa and Ecuador, and currently have seven (7) more in production, some of which are for new Defense Contractor customers. We expect to deliver those units shortly, and anticipate additional orders.
The Company also continues to prosecute the lawsuit we filed in January 2013 against the two companies who violated our Non-disclosure and Non-circumvention Agreement and have attempted to harm our business for their own gain. Our legal counsel was finally able to take depositions of the principals of the two companies involved, and is filing a motion to amend our suit to include a claim of “aiding and abetting” against one of the defendant companies, based upon their admissions in the depositions. At the same time, we are requesting the court to set a trial date to try to expedite what has been an interminably slow process. Our counsel remains confident that we will prevail, and we will continue to prosecute the case with as much dispatch as the system will allow.
LEEP is actively pursuing joint venture partners for the purpose of funding new manufacturing capability, and has recently had fruitful discussions with two interested and capable parties who would make a sizable capital investment in a panel manufacturing operation. The level of interest in our panel product continues to grow in a variety of markets, which justifies a new manufacturing initiative.