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Opsens Inc
Symbol OPS
Shares Issued 90,368,817
Close 2021-02-08 C$ 1.85
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Opsens to supply fibre optic sensors for RI research

2021-02-08 09:07 ET - News Release

Mr. Louis Laflamme reports

OPSENS SOLUTIONS FIBER OPTIC SENSING TECHNOLOGY SELECTED FOR THE INTERNATIONAL THERMONUCLEAR EXPERIMENTAL REACTOR (ITER)

Opsens Solutions Inc., Opsens Inc.'s wholly owned subsidiary focused on applying the company's proprietary and innovative fibre optic measurement solutions to industrial applications, has been awarded a contract from RI Research Instruments GmbH to supply fibre optic absolute and differential pressure sensors for the International Thermonuclear Experimental Reactor (ITER) project.

ITER is the world's largest nuclear fusion and scientific experiment project with 35 nations collaborating to build and operate a potential source of safe, non-carbon-emitting and virtually limitless energy based on fusion reactions as it fuels the sun. ITER is currently under construction in southern France.

Opsens Solutions will supply RI with fibre optic absolute and differential pressure sensors that will provide critical information for accurate monitoring of RI's cryogenic valve boxes. The vacuum system for ITER contains several large cryogenic pumps, which need to be supplied with liquid helium through cryogenic valve boxes produced by RI. In total, it is anticipated that there will be a large number of sensors at different levels of the ITER project for which Opsens's sensor technology would be applicable.

"We are excited and honoured to have been selected to be part of this important large-scale international research project with RI," said Gaetan Duplain, president of Opsens Solutions. "We believe this represents worldwide recognition of Opsens's fibre optic sensing technology and are optimistic this will be a tremendous business opportunity for the company going forward. Thanks to the outstanding performance of our fibre optic sensing technology and, more specifically, to the recently developed and patented fibre optic differential pressure sensor, the most precise of its kind on the market, we have been able to demonstrate significant advantages for monitoring critical parameters in harsh environments such as those found at ITER."

"We are delighted to work with Opsens Solutions for the ITER project and rely on the high quality of their pressure sensors which will be essential for the functionality of our valve boxes. The combination of compactness, precision and robustness make these the ideal choice for this demanding application," said Dr. Peter vom Stein, senior project manager at RI.

About Opsens Inc.

Opsens focuses mainly on coronary artery stenosis in interventional cardiology. Opsens offers an advanced optical-based pressure guide wire that aims at improving the clinical outcome of patients with coronary artery disease. Its flagship product, the OptoWire, is a second-generation fibre optic pressure guide wire designed to provide the lowest drift in the industry and excellent lesions access. The OptoWire has been used in the diagnosis and treatment of over 100,000 patients in more than 30 countries. It is approved for sale in the United States, the European Union, Japan and Canada.

Opsens, through its subsidiary Opsens Solutions, is also involved in industrial activities in developing, manufacturing and installing innovative fibre optic sensing solutions for critical applications such as those found in the nuclear, aeronautic and aerospace industries.

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