LEVIS, QUEBEC--(Marketwire - Aug. 15, 2012) - Nuvolt Corporation Inc. («Nuvolt ») (TSX VENTURE:NCO) is pleased to announce the conclusion of the sale of a SmartScan Pro system to Hanor.
Mr. Jacques Dion, President and CEO of Nuvolt, is proud of this accomplishment: "This is a major endorsement of our SmartScan Pro technology and our engineering expertise, with an important organization, in the hog farm market. This project with one of the hog facilities of Hanor, located in Oklahoma, will increase our visibility and help boosting our sales to the agriculture market. The issue is to secure the water supply. The SmartScan Pro system monitors and manages motors and the electrical network. Because of its predictive features, the system will put under surveillance the submersible pumps of a certain number of wells and, also, the booster pumps that distribute the water supply in the hog facilities."
Mr. Dave Wade, Vice-President of operations of Hanor was particularly interested by the predictive features of the SmartScan Pro technology. Mr. Wade says: ''The potential of monitoring strategic motors in a wide hog complex was a key element in his decision. Motor failures could have major detrimental impact on the performance of the complex. Furthermore, it is a good preventive maintenance tool that allows Hanor to be proactive instead of reactive."
The Hanor Family of Companies is a major player in the U.S. pork chain, adding value through breeding stock and market hog production, along with the further processing of pork. Hanor is present in 7 states, with over 500 employees, and is one of the Nation's Premier Pork Producers.
About Nuvolt Corporation Inc.
Nuvolt has developed a specialized expertise in the monitoring and the management systems for electrical failures, power quality, the detection and neutralization of leakage current for the agriculture, maritime, commercial and industrial markets. SmartScan is now available to the agriculture market. The SmartScan system has the ability to predict an electrical failure on equipment and electrical networks. It could prevent equipment failures and production downtime on production assembly lines and commercial buildings and also fire risks. The ShipScan, for the maritime market, and the SmartScan Pro, for the industrial market, are under manufacturing. Launching to the market will be in September 2012.
Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management. You are cautioned that such statements can be subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. The reader should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. These statements speak only as of the date they are made, and Nuvolt assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.