Augusta Industries Inc. ("Augusta" or the "Corporation") (TSX VENTURE:AAO),
through its wholly owned subsidiaries FOX-TEK Canada Inc. a developer and
manufacturer of patented non-intrusive sensing systems, is pleased to announce
that FOX-TEK Canada Inc. has been awarded a contract for eight (8) more Electric
Field Mapping ("EFM") monitoring systems. The eight (8) systems were ordered by
Enbridge Pipelines, one of North America's largest liquids pipeline companies,
for corrosion monitoring at several locations of interest on some of its key
pipeline assets. The eight (8) additional EFM systems ordered by Enbridge are in
addition to the announcement of five (5) EFM systems ordered by Enbridge in
November 2011 and adds to the Corporation's current fleet of systems utilized by
Enbridge on its pipeline network.


"We are pleased that Enbridge Pipelines continues to utilize the Corporation's
monitoring systems for its pipeline assets," stated Allen Lone, the President of
the Corporation. "Enbridge has utilized the systems over the past several years
and their continued use of the systems is a testament to the ability of the
systems to provide the information necessary for Enbridge to maintain its
assets."


About the Corporation:

Through its wholly owned subsidiaries, Marcon International Inc. ("Marcon") and
FOX-TEK Canada Inc. ("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 US Government entities. Marcon's principal business is the sale and
distribution of industrial parts and equipment (Electrical, mechanical and
Instrumentation.) In addition to departments and agencies of the U.S.
Government, Marcon's major clients include Saudi Arabia-Sabic Services (Refining
and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum,
Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and
Burullus Gas Co. 


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. The Corporation's FT fiber optic sensor and
corrosion monitoring systems allow cost-effective, 24/7 remote monitoring
capabilities to improve scheduled maintenance operations, avoid unnecessary
shutdowns, and prevent accidents and leaks. 


This press release contains forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events. Actual results
may differ materially from those currently anticipated. Investors are cautioned
that such forward-looking statements involve risks and uncertainties. Important
factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements are detailed from time
to time in the Corporation's periodic reports filed with the Ontario Securities
Commission and other regulatory authorities. The Corporation has no intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.


Grafico Azioni Augusta Industries Inc. (TSXV:AAO)
Storico
Da Giu 2024 a Lug 2024 Clicca qui per i Grafici di Augusta Industries Inc.
Grafico Azioni Augusta Industries Inc. (TSXV:AAO)
Storico
Da Lug 2023 a Lug 2024 Clicca qui per i Grafici di Augusta Industries Inc.