Active Control Installs First Commercial Activemine System at West Virginia Coal Mine
Posted on: Thursday, 1 May 2008, 09:00 CDT
TORONTO, May 1 /PRNewswire-FirstCall/ -- Active Control Technology Inc. (TSX-V:ACT) announced today that it has sold and installed its first commercial deployment of ActiveMine(TM), the company's two-way wireless Wi-Fi communications and tracking system, at an underground coal mine in West Virginia.
An existing customer issued a new purchase order to install a basic communications system in a newly opened mine so that the mine would be compliant with mine safety regulations for communication. The system has been in operation for a full month now and will be invoiced next week.
A subsequent upgrade will include the ActiveMine real-time electronic tracking feature and an above-ground wireless communication network. ActiveMine will also be integrated into the customer's corporate enterprise voice and data network headquartered over 50 miles away.
The system will be invoiced at $125,000 and represents 20 percent of the estimated lifetime revenue of this mine plan for the ActiveMine system which would total up to $625,000. This initial order reflects the new mine's size at present, as it is operating with one active face at 1,500 feet underground. The mine plan calls for at least two active faces and several miles of underground entries. As the mine face advances, further revenues will be generated as additional ActiveMine nodes are added to extend the underground Wi-Fi network.
"This installation marks a major milestone not only for Active Control, but also for underground coal mine safety and productivity," said Steve Barrett, President and CEO, Active Control. "We're delighted with the confidence shown in our technology, and are working hard to close additional sales in the coal and non-coal mining space."
About ActiveMine
ActiveMine's communications, data and tracking system enables monitoring of production, personnel and equipment in all types of surface and underground mining environments, including coal and base metal mines. The system is designed to:
- Operate on a 100 percent wireless Wi-Fi network backbone. - Be less susceptible to water and mechanical damage of all sorts, including rock fall. - Use open-standards technology. - Meet federal MINER Act requirements for wireless systems as established in MSHA policies. - Provide four-day intrinsically safe battery back-up and power supply. - Provide a wireless communications and data network above-ground, linked seamlessly to underground networks. About Active Control Technology
ACT designs and markets wireless network control and communication systems for buildings and extreme environments. Located in Burlington, Ontario, Canada, the company trades publicly on the TSX Venture Exchange under the symbol ACT. For more information, visit the company's website at http://www.activecontrol.com/.
We make wireless work.(TM) The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as changes in demand for and prices for the products of the Company or the materials required to produce those products, labour relations problems, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements. The reader is cautioned not to put undue reliance on such forward-looking statements.
Active Control Technology Inc.
CONTACT: Steve Barrett, President & C.E.O., Active Control TechnologyInc., Tel.: (905) 670-5500 ext. 202, Fax: (905) 592-9691, Email:sbarrett@activecontrol.com, Website: http://www.activecontrol.com/; Don Hogarth,Hogarth Communications Inc., Tel.: (416) 565-8920, Email: don@hogarthpr.com
Source: PRNewswire-FirstCall
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