Elecsys Corporation Announces $1.25 Million Order for Saudi Arabia
OLATHE, Kan., Aug. 1, 2013 /PRNewswire/ — Elecsys Corporation (NASDAQ: ESYS), a provider of innovative machine to machine (M2M) communication technology solutions, data acquisition systems, and custom electronic equipment for critical industrial applications, announced today that it has received a $1.25 million order from the Al Rushaid Group to supply remote monitoring equipment for deployment in the Kingdom of Saudi Arabia. The Al Rushaid Group, one of the largest industrial companies in Saudi Arabia and a major supplier to Saudi Aramco, represents Elecsys and provides sales and service support for Elecsys products in Saudi Arabia, Kuwait, and Bahrain.
The Elecsys equipment will be installed as part of a larger project and will enable remote monitoring of cathodic protection system performance at approximately 600 seawater injection wells in the Ghawar oil field. The Elecsys wireless devices monitor multiple system parameters and transmit data for integration into the oil field operator’s supervisory control and data acquisition (SCADA) system. This project is a key element in the growing utilization of smart oil field technologies to maximize oil field production and extract resources more efficiently. The Company expects to complete delivery of this order before the end of this year.
Karl B. Gemperli, Chief Executive Officer, commented, “The ruggedness and reliability of our products, notably their ability to survive exposure to high temperatures and harsh environments, makes them ideal for deployment at well sites, pipelines, refineries, storage terminals, and other remote locations in the energy sector. We look forward to working closely with the Al Rushaid Group to ensure the success of this project and believe that combining our technologies with the resources and capabilities of Al Rushaid will yield many opportunities to develop additional solutions for this growing market in the future.”
About Elecsys Corporation
Elecsys Corporation provides innovative machine to machine (M2M) communication technology solutions, data acquisition and management systems, and custom electronic equipment for critical industrial applications worldwide. The Company’s primary markets include energy production and distribution, agriculture, transportation, safety and security systems, and water management. Elecsys proprietary equipment and services encompass remote monitoring, industrial data communication, and mobile data acquisition technologies that are deployed wherever high quality and reliability are essential. Elecsys develops, manufactures, and supports proprietary technology and products for various markets under several premium brand names. In addition to its proprietary products, Elecsys designs and manufactures rugged and reliable custom electronic assemblies, some incorporating proprietary Elecsys technologies, for multiple original equipment manufacturers in a variety of industries worldwide. For more information, visit www.elecsyscorp.com.
The discussions set forth in this press release may contain forward-looking comments based on current expectations that involve a number of risks and uncertainties. Actual results could differ materially from those projected or suggested in the forward-looking comments. The difference could be caused by a number of factors, including, but not limited to the factors and conditions that are described in Elecsys Corporation’s SEC filings, including the Form 10-K for the year ended April 30, 2013. The reader is cautioned that Elecsys Corporation does not have a policy of updating or revising forward-looking statements and thus he or she should not assume that silence by management of Elecsys Corporation over time means that actual events are bearing out as estimated in such forward-looking statements.
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SOURCE Elecsys Corporation