Nuvolt Corporation Inc.

Nuvolt Corporation Inc.

February 17, 2010 16:48 ET

Nuvolt Corporation Announces the Reaching of SMARTSCAN Distribution Agreements for the U.S. Dairy Farm Sector

LEVIS, QUEBEC--(Marketwire - Feb. 17, 2010) -  Nuvolt Corporation ("Nuvolt") (TSX VENTURE:NCO) Announces That Following the Launch of Smartscan at the World Ag Expo in California, Product Distribution Agreements have Been Reached for the U.S. Dairy Farm Sector.

The launch of SMARTSCAN was accompanied by major promotional activities. This allowed Agrivolt, a subsidiary of Nuvolt dedicated to the agriculture market, to reach agreements with major distributors in highly concentrated dairy areas of the United States.

"The distributors that signed the agreement are among the leading farm equipment distributors in the United States. We estimate that over the next three years, these agreements will generate important sales for our subsidiary Agrivolt Inc.," mentioned Jacques Dion, President and CEO of Nuvolt. "What distributors found especially interesting is the ability of SMARTSCAN to predict an electrical failure, thereby facilitating preventive maintenance on equipment, as well as the user friendly manner in which SMARTSCAN conveys information," concluded Mr. Dion.

Nuvolt expects to deliver the first SMARTSCAN units in June 2010.

 About Nuvolt Corporation

Nuvolt has developed a specialized expertise in the management of electrical failures, power quality, the detection and neutralization of leakage current, as well as electrical network monitoring systems.

Nuvolt has devoted a great deal of energy to and has made major investments in the development of the SMARTSCAN project. The SMARTSCAN system is a user-friendly product that can be distributed by independent distributors active in specialized sectors including the farming, commercial and industrial sectors.

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.

Contact Information

  • Jacques Dion CEO
    418-833-4055 (FAX)