December 11, 2009 06:00 ET

Active Control Reports Record Quarterly Revenue

Commercialization proceeds with three new installations during the quarter

TORONTO, ONTARIO--(Marketwire - Dec. 11, 2009) - Active Control Technology Inc. (TSX VENTURE:ACT), a leading provider of advanced wireless communication, productivity and safety systems, today announced its financial results for the first quarter of fiscal 2010 ending October 31, 2009.

The Corporation generated revenues of $1,343,410 during the quarter ended October 31, 2009, as compared to $362,258 in the quarter ended October 31, 2008. The increase is attributable to the deployment of the Corporation's ActiveMine™ product, which delivered a six-fold increase in revenues.

The gross margin in the quarter of $291,390 increased from $103,671 in the corresponding quarter of the previous year also due to increased sales of the ActiveMine™ product.

Expenses (not including interest expense) for the quarter ended October 31, 2009 were $1,339,512 compared to $852,325 for the quarter ended October 31, 2008. The increase can be attributed to higher stock based compensation expense, salary increases in line with the growth of the ActiveMine™ product and expenditures related to the development of the ActiveMine™ product. During the quarter, the Corporation had invested a total of $120,474 in the development of its products, including $8,940 in new extensions for its Quick-Kee™ technology platform and $111,534 in the development of ActiveMine™.

The net loss for the quarter ended October 31, 2009 was $1,049,360 or $0.006 per share compared to a net loss of $748,933 or $0.005 for the quarter ended October 31, 2008. While the loss for the quarter is higher than the corresponding quarter of the previous year it should be noted that the Corporation continues to invest substantially in the development and production of its ActiveMine™ product. All amounts incurred in product development are expensed as incurred.

"During the quarter, new installations commenced in three mines, bringing the total underground installations of ActiveMine™ to five," said Cameron Sturgess, President and CEO. "I am pleased to say that after three years and over 1,000 man-days of underground experience developing this leading-edge technology, we are now driving the commercialization of our ActiveMine™ product and its growth."

"Subsequent to the quarter, we were also successful in completing a $3.75 million equity financing," said Peter Gimon, EVP Finance and CFO. "This equity infusion will allow us to continue the deployment of ActiveMine™ and will also allow us to focus on increasing margins through streamlining manufacturing costs."

About Active Control Technology

Active Control Technology is a mining services company specializing in advanced wireless productivity and safety systems. The company's MSHA-approved ActiveMine system provides two-way wireless voice communication, real-time tracking of personnel and assets, and high bandwidth data applications such as streaming video and operational data from mining machinery, over a robust wireless Wi-Fi network. Located in Burlington, Ontario, Canada, Active Control trades publicly on the TSX Venture Exchange under the symbol ACT. For more information, visit

The unaudited financial statements for the first quarter ended October 31, 2009 and October 31, 2008, and management's discussion and analysis of the results of operations will be filed on later today.

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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, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

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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