Augusta Announces Development of Micro EFM System
04 Février 2014 - 4:00PM
Marketwired
Augusta Announces Development of Micro EFM System
TORONTO, ONTARIO--(Marketwired - Feb 4, 2014) - Augusta
Industries Inc. (the "Corporation") (TSX-VENTURE:AAO) is proud to
announce the development of a new system based on its electric
field mapping ("EFM") technology. The new Micro EFM system is a
small, high resolution electric field mapping tool used to validate
corrosion mitigation programs and/or measure the change in wall
thickness due to corrosion and/or erosion.
This new Micro EFM system was specifically design for price
conscious clients that might have not considered the Corporation's
larger and more expensive systems. The new equipment is based on
the Corporation's in-house designed cutting-edge acquisition
hardware. The new Micro EFM systems produced will initially be made
for applications that require sensor arrays of a few pins up to a
maximum of 64 pins. Specific applications include, but are not
limited to, measuring the change of a few pits.
In house testing has shown an improvement in baseline accuracy,
under optimum conditions, that is approximately 6 to 10 times
better than the older electric field mapping generation. This
improvement in accuracy means that the new Micro EFM system will be
able to react to much smaller changes in wall loss and to be able
to monitor smaller pits.
Another innovation is that the new Micro EFM systems will be of
a modular design. By the use of these modules, the Corporation will
be able to custom tailor systems that will fit the most demanding
expectations of its clients. This technology will be made available
to clients that require larger sensor arrays.
With the new Micro EFM systems having a much smaller footprint
and lower power requirements, the Corporation anticipates the
development of a portable version of the Micro EFM system by the
end of 2014. The new portable system will be targeted to clients
that do not require continuous monitoring capabilities. More
specifically, the new portable EFM system will be primarily
designed for less critical applications like the monitoring of a
dead leg segment.
For data analysis and presentation, the new Micro EFM systems
will have a direct connection, using a wireless modem, to the
Corporation's server banks where the data will be safely stored and
analyzed which will then be made available to its clients by way of
secure web portals.
The Corporation will continue to develop engineering and
hardware solution that will continue to meet, if not exceed,
current industry requirements for continuous and/or periodic
non-intrusive wall loss monitoring.
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.
The TSX
Venture Exchange has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the
contents of this press release.
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.
Augusta Industries Inc.Allen LonePresident, CEO(905) 338-2323
Ext 22atlone@marconintl.com
Augusta Industries Inc. (TSXV:AAO)
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