Northeast Wood Products Adds Third Home-Heating Wood Pellet Production Plant

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UNCASVILLE, CT — April 14, 2015 — Northeast Wood Products, LLC (“NWP”) is pleased to announce that the first phase of installation and retrofit of its third factory in the Jasper Industrial Park, located in Jasper, Tennessee, is underway.

Once operational in November, the plant will produce up to 125,000 tons of premium wood pellets. The first-phase machinery, purchased late last year is on-site, and the building’s size allows a duplicate production line that will be installed during phase II of the construction.

“I’m extremely pleased with NWPs growth and the worldwide acceptance of our product,” said Guy Mozzicato, president of NWP. “With Jasper being on the Tennessee River and having a forty-rail car siding, we now have easy access to the Gulf, East Coast ports and points beyond. I’m looking forward to the near future when we have additional announcements of our global development.”

After slightly more than a year of operations, NWP’s annual production volume is expected to be 450,000 tons. This calculation is based on the available output of their factories in Peebles, Ohio; Ligonier, Indiana; and soon, Jasper, Tennessee, in addition to the aggregation of premium product from U.S. manufacturers.

“We’re well on our way at meeting our five-year goal of 1.5 million tons of annual capacity,” Mozzicato said. “The market demand for quality product is evident, and we’re working to meet those needs.”

All three of NWP’s production facilities produce high-efficiency, low-cost home heating pellet products that meet or exceed Pellet Fuels Institute and EN A1+ quality standards. NWP’s product line, ThermaGlo® Premium Wood Pellets, are created from wood fiber waste and untreated residue generated from wood processing. ThermaGlo® can be found retail at Home Depot®, Lowe’s®, Rural King® and Tractor Supply®. For more information on NWP’s product, facilities and principles, visit www.thermaglo.com.