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Augusta Industries Inc
Symbol AAO
Shares Issued 210,149,622
Close 2017-04-24 C$ 0.035
Market Cap C$ 7,355,237
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Augusta delivers portable lab system to U.K. client

2017-04-25 09:46 ET - News Release

Mr. Allen Lone reports

AUGUSTA DELIVERS NEW PORTABLE EFM SYSTEM

Augusta Industries Inc.'s wholly owned subsidiary, Fox-Tek Canada Inc., has successfully delivered its new lab electric field mapping (EFM) technology to a nuclear facility in the United Kingdom. The corporation previously announced in its press release dated Jan. 17, 2017, that it was awarded a contract to develop a laboratory version of its EFM technology to be used in a nuclear facility.

The new EFM lab system is specifically designed for use in a research/experimental environment where a need for accurate material changes is required. Unlike Fox-Tek's standard EFM units that are fully autonomous, these new units will require a user to take readings. As such, a computer interface tool is being developed to ensure that the user is able to quickly configure the system for a particular application. Fox-Tek will continue to make its DMAT tools suite available to clients that might require more help to analyze their data.

"The new EFM units represents an exciting new opportunity for the corporation as it will open new markets and create more opportunities for the corporation's products and technology," stated Allen Lone, president of the corporation. "The corporation will continue to develop and engineer solutions to meet and 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 bended/buckling, and process pressure and temperature.

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