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Augusta Industries Inc
Symbol AAO
Shares Issued 210,149,622
Close 2017-04-07 C$ 0.04
Market Cap C$ 8,405,985
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Augusta completes development of portable lab system

2017-04-07 09:14 ET - News Release

Mr. Allen Lone reports

AUGUSTA ANNOUNCES DEVELOPMENT OF NEW PORTABLE EFM SYSTEM

Augusta Industries Inc.'s wholly owned subsidiary, Fox-Tek Canada Inc., has successfully completed the development of a new laboratory system based on the corporation's electric field mapping (EFM) technology. The new system was specifically developed for the use in research and/or testing applications. It is anticipated that the new system will be used in research labs to measure the change in mass of a sample affected by a corrosive solution.

The unit consists of two components, with the first being the EFM acquisition unit and the second being a constant current source. By having two separate units, it allows the user to easily custom configure the system to allow the external current source to be sized for any given application.

The laboratory unit does not require any specialized power supply. A typical system will have the ability to work with sensor arrays of up to 64 pins, and by adding additional analog multiplexer modules, it will have the capability to cover arrays up to 128 pins. For temperature compensation, the unit will have the capability to sense temperature from up to five resistance temperature detectors (RTDs). Control of the various control parameters will be entered by the end-user via the newly developed, PC-based software. This software will provide the end-user with enough flexibility to set up the instrument to the end-user's exact requirements while remaining intuitive in use.

The corporation's intent is to deploy the new system for fieldwork by outfitting the unit in a field-ruggedized case, which will allow Fox-Tek to deploy the unit to remote areas in all types of extreme conditions along with offshore platforms and/or refineries. The new portable system will be targeting clients that do not require continuous monitoring capabilities but are looking for reliable solutions to meet their requirements and their budgets.

"With both the new laboratory and the field-ruggedized EFM units, the corporation will be able serve two entirely new markets," stated Allen Lone, president of the corporation. "The corporation will continue to develop engineering and hardware solutions that will continue to meet, if not exceed, current industry requirements for continuous and/or periodic non-intrusive wall loss monitoring."

About Augusta Industries Inc.

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. Marcon's principal business is the sale and distribution of industrial parts and equipment (electrical, mechanical and instrumentation).

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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