During the third quarter, Woodland completed a deal with one of the Canadian territories to supply

outdoor recycling bins. The final design is based on an existing Woodland product that has been

modified to meet the rigours of the cold Canadian winters in the far north. No Woodland product

has ever been used under these conditions but the company tested the product extensively in the

extreme-weather facility at the University of Ontario Institute of Technology, and management is

confident that the product is well designed for the conditions. Woodland has provided the territory a

two-winter guarantee that it will replace any bins that are broken or damaged due to weather

conditions. The contract price is $750,000 and the bins cost $475,000. The revenue was recognized

in the third quarter. Woodland expects payment for the bins within 60 days of the end of the

quarter.