Nuvolt Corporation Announces the Conclusion of a Validation Agreement of its SmartScan Pro With Unidindon
LEVIS, QUEBEC--(Marketwire - Oct. 30, 2012) - Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) is pleased to announce the conclusion of a validation agreement with Unidindon, the largest turkey processing plant in Canada.
Mr. Jacques Dion, President and CEO of Nuvolt says: "We are extremely pleased with the decision of Unidindon. We believe that food processing plants, particularly slaughter houses, offer a very high sale potential market for our SmartScan Pro technology in North America. Food processing plants and slaughter houses are highly automated with a wide variety of motors and a sophisticated electric network in a very difficult environment because of the level of moisture. The SmartScan Pro is the only technology available on the market that could predict a motor or an electrical failure of equipment, thus capable to predict downtime. Our technology is designed for production assembly lines, commercial buildings and tooling equipment."
According to Mr. Martin Rondeau, Vice-President, Olymel Poultry Operations: "Our interest for SmartScan Pro technology is to assess the benefits related to the monitoring and management of our production equipment, but also as a preventive maintenance tool to improve the performance of our processing plants."
The Unidindon plant at St-Jean Baptiste-de-Rouville, Quebec, employs over 400 persons and has been owned jointly by Olymel (68%) and Exceldor (32%) since 1996. The largest turkey industry facility in Canada, Unidindon has an annual slaughtering capacity of some 5 million birds. The live turkeys are supplied mainly from Quebec and the Maritimes.
About Olymel l.p.
Olymel l.p. is a leader in the slaughtering, processing and distribution of pork and poultry meat products in Canada, with facilities in Quebec, Ontario, Alberta and New-Brunswick. The company employs some 10,000 persons and exports nearly half its production, mainly to the United States, Japan and Australia, as well as some sixty other countries. Its sales stood at more than $2 billion, with a slaughtering and processing capacity of 160,000 hogs and 1.7 million birds a week. The company markets its products mainly under the Olymel, Lafleur and Flamingo brands.
Exceldor is a cooperative specializing in the processing and marketing of fresh poultry. The company, whose headquarters are in Levis, Quebec, employs 900 persons and processes 1.4 million chickens weekly at its plants in Saint-Anselme and Saint-Damase. With over $400 million in sales, Exceldor is a leader in fresh poultry marketing in Canada. Its products are marketed under the Exceldor brand. Exceldor is joint owner of Volailles Giannone, another poultry sector firm.
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, have been launched to the market in September 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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Nuvolt Corporation Inc.
(418) 833-4055 (FAX)