09:38:07 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Augusta Industries Inc
Symbol AAO
Shares Issued 210,149,622
Close 2015-01-12 C$ 0.09
Market Cap C$ 18,913,466
Recent Sedar Documents

Augusta to install two EFM systems for unnamed client

2015-01-13 09:58 ET - News Release

Mr. Allen Lone reports

AUGUSTA ANNOUNCES SALE OF TWO EFM SYSTEMS

Augusta Industries Inc.'s wholly owned subsidiary, Fox Tek Canada Inc., has received a contract to design, manufacture and install two electric-field-mapping corrosion-monitoring systems to monitor assets for one of Saudi Arabia's major oil and gas integrated producers.

The Fox Tek engineering team has worked closely with its counterparts in Saudi Arabia to ensure that the laboratory work completed at the client's research and development labs would lead to a successful field system. The client has recognized the corporation's and Fox Tek's capabilities in delivering customized solutions and the usefulness of the EFM systems in the monitoring of its assets.

"The sale of the EFM systems to the client would not have been possible without the combined effort of the engineering team at Fox Tek and our Saudi Arabian partner's team at Zamil commercial division," said Allen Lone, president and chief executive officer of the corporation. "With the successful completion of these EFM systems, the corporation is anticipating a wider acceptance of its EFM technology throughout the Middle East."

It is anticipated that the EFM systems will be commissioned by the end of the first quarter of 2015.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.