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Augusta Industries Inc
Symbol AAO
Shares Issued 210,149,622
Close 2017-01-27 C$ 0.04
Market Cap C$ 8,405,985
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Augusta's Fox Tek installs two units in Alberta

2017-01-30 11:52 ET - News Release

Mr. Allen Lone reports

AUGUSTA INDUSTRIES INC. PROVIDES UPDATE ON NEW SYSTEMS INSTALLATIONS

Augusta Industries Inc. has provided an update with respect to its April 16, 2016, press release. The company's wholly owned subsidiary, Fox Tek Canada Inc., has completed the installation of two systems, both in Alberta, and the three remaining systems will be installed once the client has completed the site work. The company's client is an oil and gas exploration and production company with assets and operations in North America, Africa, Europe and South America.

"The contract with the client is a validation of the efforts of the corporation in expanding its sales efforts to new clients," said Allen Lone, president of the corporation. "The corporation will build on this success as it continues to market its products and services to the various oil and gas companies in Alberta and throughout North America."

About the corporation

Through its wholly owned subsidiaries, Marcon International Inc. and Fox Tek, the corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of U.S. government entities.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling, and process pressure and temperature.

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