Fab-Form Industries Ltd. announced the delivery of Insulated Concrete Forms ("ICF") for a 280-unit Net Zero project in Squamish, BC. This project is significant as it is the first to be built under the new Step 5 Building Code (Net Zero) of BC. The BC government initiated the Step 5 Building Code in an effort to reduce the environmental footprint of housing: each unit will produce as much energy as it consumes.

The use of ICF in a project of this size could result in significant revenue over the anticipated two-year buildout. Revenue will be recognized as the product is delivered. To achieve these strict energy standards, the developers will use ICF and Fab-Form proprietary technologies.

Given the provincial mandate to require all new homes in BC to meet Step Code 5 by 2030, these projects demonstrate future sales potential for Fab-Form.