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Enter Symbol
or Name
USA
CA



Global Remote Technologies Ltd
Symbol RGT
Shares Issued 30,747,658
Close 2015-06-30 C$ 0.24
Market Cap C$ 7,379,438
Recent Sedar Documents

ORIGINAL: Global Remote to sell Polaris remote drilling products

2015-07-02 16:21 ET - News Release

Received by email:

File: EDOCS-#130589-v2-Press_Release_-_Polaris_agreement_-_Global_Remote_Techn....docx

/
355 Burrard Street Suite 1000
Vancouver, BC V6C 2G8
GLOBAL REMOTE TECHNOLOGIES ENTERS INTO SALES DISTRIBUTION AGREEMENT WITH POLARIS GUIDANCE PRODUCTS, LLC.
Vancouver, B.C. - (July 2, 2015) Global Remote Technologies Ltd. (the "Company" or "Global Remote Technologies") (CSE:
--->RGT) is pleased to announce that it has entered into a sales distribution agreement with Polaris Guidance Products, LL
--->C ("Polaris") dated June 8, 2015 (the "Agreement").  The initial term of the Agreement is one year.  The Agreement wil
--->l then be automatically renewed at the end of the initial term for an additional year and automatically renewed each y
--->ear thereafter.  The Agreement may be terminated by either party with 60 days' written notice after the expiry of the 
--->initial term of the Agreement.
Pursuant to the Agreement, Polaris has granted Global Remote Technologies the right to purchase its complete line of r
--->emote drilling systems for resale to third parties in North, Central and South America at such prices as the Company m
--->ay deem appropriate or reasonable.  Furthermore, Global Remote Technologies is entitled to receive 15% of the subscrip
--->tions it obtains from its customers for and on behalf of Polaris which relate to Polaris' WITSML Server.  Further info
--->rmation regarding Polaris' WITSML Server and other products in Polaris' line of remote drilling systems can be found a
--->t www.polarisguidance.com/.
"The Agreement marks an important milestone for our business expansion," said Chris Dorris, President and CEO of Globa
--->l Remote Technologies. "The Agreement fits very nicely with our existing technology, services and product lines.  We a
--->re hopeful that the Agreement will increase our sales and customer base within the oil and gas industry."
About Polaris
Polaris is an innovative supplier of drilling motors, MWD logging systems and WITSML data solutions for the oilfield d
--->rilling sector. Polaris is committed to providing superior technological products and strong customer support which tr
--->anslates into a significant competitive advantage to our customers allowing them to fully exploit their specific marke
--->t niche. 
About Global Remote Technologies
Global Remote Technologies focuses on the deployment of emerging technologies for the energy sector.   The company has
---> licensed multiple patent pending tools for the oil and gas industry, which are currently being assembled for release 
--->in later 2015.   Using its advanced engineering and leadership experience, the Company brings cutting edge processes a
--->nd technology to the oil patch. Its remote sensor packages transmit telemetry from drilling and production sites in re
--->al time to a central server where it is viewed in the cloud. The systems are designed to provide key personnel an earl
--->y warning system to avoid equipment failures or costly compliance fines.  Global Remote Technologies collects and comm
--->unicates vital information on the status of equipment, tanks, and pipelines for exploration, production, and transmiss
--->ion of oil, gas and water. The company is headquartered in Vancouver, BC, with offices in Denver, Colorado and Houston
--->, Texas.
Further information about Global Remote Technologies is available under its profile on the SEDAR website, www.sedar.co
--->m, on the CSE website, www.thecse.com, and at the Company's website, www.grtcse.com.
For further information on Global Remote Technologies, please contact:
Chris Dorris
Director, President and CEO Telephone:  713-384-8931
Email:  info@grtcse.com
Website:  www.grtcse.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation. The 
--->forward-looking information is based on certain key expectations and assumptions made by the management of Global Remo
--->te Technologies.  Although the Company believes that the expectations and assumptions on which such forward-looking in
--->formation is based are reasonable, undue reliance should not be placed on the forward- looking information because the
---> Company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as o
--->f the date of this press release and Global Remote Technologies disclaims any intent or obligation to update publicly 
--->any forward-looking information, whether as a result of new information, future events or results or otherwise, other 
--->than as required by applicable securities laws.



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