LEVIS, QUEBEC--(Marketwire - April 25, 2012) - Nuvolt Corporation Inc. ("Nuvolt") (NCO.V - News) is pleased to announce the conclusion of a sales agency agreement for the marketing and the sale of SmartScan Pro in the United-States and Canada, to the Oil and Gas market, with AzW Consulting.
Mr. Jacques Dion, President and Chief Executive Officer of Nuvolt, is very enthusiastic about this agreement. "First of all, SmartScan Pro is well adapted for the Oil and Gas market because of its exclusive feature to predict a motor and an electrical failure and, secondly, because of the exceptional expertise of AzW Consulting in that specific market segment."
AzW Consulting, which will work in association with Shewchuk Consulting in Canada, is very optimistic of the potential sales of SmartScan Pro to the Oil and Gas market. Beyond the predictive character, SmartScan Pro will impact on safety issues, will reduce downtimes and is a very good tool for the preventive maintenance team on these plants.
About AzW Consulting
AzW Consulting focuses on creating value delivering diagnostics and energy efficiency solutions to the industrial market. With offices in San Francisco, CA and partnerships in Ontario, Canada, the team has developed distribution relationships with the leading vendors in North America.
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. The first deliveries to customers are planned for May 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.
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