Mr. Allen Lone reports
AUGUSTA ANNOUNCES FOX-TEK SHIPS 2 EFM SYSTEMS TO SOUTH AMERICA
Further to its press release dated July 14, 2014,
Augusta Industries Inc.'s wholly owned subsidiary Fox Tek Canada Inc., has shipped two of electric field mapping (EFM) systems to company Equion Energy Ltd. Equion will commence using the EFM systems in its Colombian field operations in order to validate the effectiveness of its existing mitigation programs at two separate key locations.
The EFM systems will be used in the monitoring of potential internal wall loss on two separate locations. The two continuous systems will wirelessly send their data to Fox Tek's Chicago-based data vault, where the data from both sites will be analyzed and presented to the client via a secure Web portal. Over time, the data will be correlated with other data to better understand the integrity of the two monitored locations and, more importantly, to validate the existing mitigation program.
"The corporation is confident that this initial sale of the two EFM systems will provide for additional opportunities with Equion once the installation phase and testing period is complete," said Allen Lone, the president of the corporation. "The corporation will continue to work closely with Equion to identify additional applications and locations that will require monitoring. We look forward to the possibility of additional projects in South America, and the South American market for the monitoring of both wall loss in various pipes and vessels and pipeline bending is large. The corporation believes that its full-time engineer will help advance discussions the corporation is currently having with other large organizations in the Columbia and other neighbouring countries on a number of non-intrusive monitoring projects."
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