November 20, 2009 (FinancialWire) — EcoBlu Products, Inc. (OTCBB: ECOB), provider of eco-friendly, protected wood products, has signed an exclusive licensing agreement with fire protection supplier Megola, (OTC: MGOA), adding to the company’s proprietary BLUWOOD technology which protects wood from the harmful effects of mold, rot-decay and termites. The exclusive partnership enables EcoBlu to protect both dimensional lumber and engineered wood against another devastating threat — fire.

As a part of the agreement, EcoBlu has acquired the exclusive rights to Megola’s Hartindo AF21 Fire Inhibitor in North America as an additive to EcoBlu’s BLUWOOD technology. Hartindo AF21 provides class A fire protection for dimensional lumber, panels and engineered wood products.

“In addition to protecting wood from mold, termites, wood-rot and now fire, this agreement provides EcoBlu with a comprehensive solution able to address the long-standing problem of the increased flammability of engineered wood products,” said Steve Conboy, president and CEO of EcoBlu Products, Inc.

The increased flammability of Engineered Wood Products versus natural dimensional wood products has caused concern among Industry leaders, fire protection advocates and project designers. Demand for engineered wood products continues to grow due to their strength, cost effectiveness and the lack of mature dimensional lumber. Protecting engineered wood from fire will mitigate this threat to safety and support further growth for engineered products.

“We sought to partner with EcoBlu because they have the potential to be the leader in this important building products category and have the expertise and capacity to grow swiftly,” said Joel Gardner, president and CEO of Megola, Inc.

Megola, recognized as an industry leader in fire protection, will supply EcoBlu with its proprietary, non-toxic, environmentally friendly solution, utilizing its blending facilities in the U.S.

FinancialWire(tm) is a fully independent, proprietary news wire service. FinancialWire(tm) is not a press release service, and receives no compensation for its news, opinions or distributions. Further disclosure is at the FinancialWire(tm) web site (http://www.financialwire.net/disclosures.php). Contact FinancialWire(tm) directly via inquiries@financialwire.net.

Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.