Nordex Explosives Receives First Firm Purchase Orders for Johnex "Buttbuster"
03 Décembre 2013 - 2:30PM
Marketwired
Nordex Explosives Receives First Firm Purchase Orders for Johnex
"Buttbuster"
KIRKLAND LAKE, ONTARIO--(Marketwired - Dec 3, 2013) - Nordex
Explosives Ltd. (TSX-VENTURE:NXX) ("Nordex") announced today it has
received the first firm purchase orders for the new "buttbuster"
(Johnex) products totaling approximately $750,000 for delivery in
Q1 2014. Nordex recently completed construction and received final
government approvals for its new state-of-the-art explosives
production facility which has complete manufacturing capabilities
for the "buttbuster" line of Perimeter Control products.
Current Nordex "buttbuster" manufacturing capacity is 120 cases
per shift. Nordex has updated and revised its marketing materials
and information and has begun full scale marketing in Ontario. To
see a video of the "buttbuster" production line in operation please
visit http://buttbuster.nordexexplosives.com/ and click Video of
Production.
Nordex made application to the Northern Ontario Heritage Fund
and received conditional approval based on completion of this
manufacturing plant to receive funding for up to 50% of the cost of
the plant in the form of grants, loans and tax credits. Upon
receipt of these funds, Nordex will immediately pay off the current
outstanding high interest lease line of credit in full without any
interest or other penalties. This lease line applies specifically
to only one module of the production facility; the balance of
equipment and infrastructure costs were paid with proceeds raised
through a previous non-brokered sale of shares and from operating
capital.
"To produce a quality product that performs in a challenging
environment, it takes a professional company with a "can-do"
attitude. It was for these reasons that Johnex Explosives began
exploring a relationship with Nordex Explosives Ltd. to manufacture
and promote the "buttbuster" ECONOTRIM and EZICHARGE explosive
product lines in Canada beginning in September 2008" said David
Blythe-Wood, Managing Director of Johnex Explosives. "Jim Taylor
was our primary contact and the driving force for Nordex on this
project and our joint cooperation has culminated in the first
technologically advanced "buttbuster" manufacturing plant
commissioned outside of Australia. We have visited the Nordex site
several times during recent months and are very excited with the
world class manufacturing facility that is now fully
operational."
"These initial sales are just the beginning and are a result of
the culmination of many years of dedication and hard work. We did
incur delays which were directly related to a lack of financial
resources in the Company in 2010 and 2011. In 2012, under a new
Board with new management, we were able to raise the required funds
with the support of new shareholders to complete this manufacturing
plant. We appreciate the support that Johnex Explosives, the
Ontario government and our shareholders have provided us and now we
are focused on growing higher margin sales," says Jim Taylor, CEO
of Nordex Explosives Ltd. "With the exclusive rights to the
manufacturing and distribution of the "buttbuster" products in
Canada, Nordex Explosives Ltd. is the only company with the ability
to supply the construction and mining industries with one of the
best and most efficient perimeter control products in the world.
"
ABOUT NORDEX EXPLOSIVES: NORDEX EXPLOSIVES LTD. is a
manufacturer and distributor of explosives for the mining, quarry
and road construction industries since 1970. Its manufacturing
operations and distribution centre is strategically located in one
of the world's largest mining regions near Kirkland Lake, Ontario.
Nordex is the exclusive supplier of the "buttbuster" Econotrim and
Ezicharge perimeter control explosive products in Canada. Nordex
trades on the TSX Venture Exchange under the symbol "NXX".
OTHER INFORMATION
Additional Information relating to the Company is available on
SEDAR at www.sedar.com.
Forward-Looking Statements
Certain information included herein may contain "forward-looking
statements" which reflect the current expectations of management of
the Company regarding the Company's future growth, results of
operations, performance, business prospects and opportunities.
Wherever possible, words such as "may", "would", "could", "should",
"will", "anticipate", "believe", "plan", "expect", "intend",
"estimate", "aim", "endeavor", "seek", "predict", "potential" and
similar expressions have been used to identify these
forward-looking statements. These statements reflect management's
current beliefs with respect to future events and are based on
information currently available to management of the Company.
Forward-looking statements involve significant risks, uncertainties
and assumptions. Many factors could cause the Company's actual
results, performance or achievements to be materially different
from any future results, performance or achievements that may be
expressed or implied by such forward-looking statements, including,
without limitation, cancellations of or the failure to renew
purchase orders; production and delivery issues; quality, pricing
and availability of raw materials; compliance with environmental
regulations; exchange rate fluctuations as well as the other risks
identified in the "Risk Factors" contained in the Company's
Management Discussion and Analysis for fiscal 2012 and other public
filings (copies of which may be obtained at www.sedar.com). Should
one or more of these risks or uncertainties materialize, or should
assumptions underlying the forward-looking statements prove
incorrect, actual results, performance or achievements may vary
materially from those expressed or implied by this press release.
These factors should be considered carefully and the reader should
not place undue reliance on the forward-looking statements.
Although any forward-looking statements contained in this press
release are based upon what management currently believes to be
reasonable assumptions, the Company cannot assure readers that
actual results, performance or achievements will be consistent with
these forward-looking statements, and management's assumptions may
prove to be incorrect. These forward-looking statements are made as
of the date of this press release, and, other than as required by
law, the Company does not intend, and does not assume any
obligation, to update or revise these forward-looking statements,
whether as a result of new information, future events or
otherwise.
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.
Nordex Explosives Ltd.Anthony
Durkacz416-720-4360Anthony@capitalideasir.comNordex Explosives
Ltd.Jim TaylorPresident /CEO705-642-3265
#203jtaylor@nordexexplosives.comwww.nordexexplosives.com
Nordex Explosives Ltd. (TSXV:NXX)
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