Innovative Composites International Inc. (ICI) is engaged in the business of manufacturing and selling lightweight structural products utilizing fiber reinforced thermoplastics for use in various industries, including transportation and affordable housing. It operates in four segments: housing, shelters and containers, industrial applications and fire retardants. The Company is pursuing housing opportunities internationally and in North America. On the international front, ICI is in discussions relating to projects in several countries including Niger; South Africa; Tanzania; and the Bahamas; and the Company continues to receive expressions of interest for projects from around the world. It has developed a number of Fire Retardant formulations in the areas of forestry; textiles and polymers. On October 24, 2011, the Company, through its subsidiary in Michigan, USA, Innovative Composites, Inc., completed the acquisition of all assets and certain liabilities of Eleison Composites, LLC.