E.S.I. Environmental Sensors Inc.
TSX VENTURE : ESV

E.S.I. Environmental Sensors Inc.

November 08, 2013 08:55 ET

ESI Joins Forces with Dycor Technologies for Flo.Point™ Upgrade and Commercialization

VICTORIA, BRITISH COLUMBIA--(Marketwired - Nov. 8, 2013) - E. S. I. Environmental Sensors Inc. ("ESI" or the "Company") (TSX VENTURE:ESV) is pleased to announce that ESI and Dycor Technologies Ltd. ("Dycor") have formally agreed to enter into a collaborative relationship for the second generation development and commercialization of ESI's water cut sensor technology, Flo·Point™.

The Company's Flo·Point™ instrument was designed for the oil industry to measure the volumetric presence of water produced during crude oil extraction allowing for real time monitoring, data collection, characterization and optimization of the production process. The information provided by the Flo·Point™ sensor will allow oil producers to optimize production, resulting in significantly reduced production costs, substantial environmental benefits, optimized yields, and increased profits.

As disclosed in the Company's press release of October 28, 2013, over the past months the Company has been in discussions with potential partners on the development of a unique second-generation Flo·Point™ device. As the first result of these discussions, ESI and Dycor have just signed a formal agreement to jointly develop the best available commercial water cut sensor solution in the oil industry.

The development program will involve expertise based at ESI in conjunction with Dycor's technology innovation strength and vast oil industry experience. It will also include the co-operation of a significant lead customer in Canadian oil production for testing and solution specification purposes.

Edgar Semler, President and COO of Dycor, stated:

"As a leader in supplying the Western Canadian oil industry with customized solutions for data acquisition to maximize operations and production, we are gratified to have identified the potential for ESI's technology to significantly impact the industry's increasingly necessary focus on enhancing oil recovery and streamlining production operations. We look forward to our close collaboration with ESI in re-developing Flo·Point™ and taking this new product design to market, meeting a real and present need which our clients have expressed."

"For ESI this agreement with Dycor and the launching of this development program mark a new milestone in the Company's efforts to be a leading supplier of intelligent and innovative environmental sensor solutions. Dycor's decision to partner with ESI is a striking recognition of the proprietary value of ESI's Flo·Point™ technology. We are confident this collaborative effort will result in a comprehensive, intelligent and remarkably competitive customer solution second to none", said Stephan Radermacher, Chairman of the Board of ESI.

ESI will announce shortly, further partners in and contributors to the Flo·Point™ development project.

About Dycor

Established in 1981, primarily as a communications and data acquisition company serving the oil and gas industry, Dycor has also emerged to be Canada's largest, oldest and most experienced biological detection company. Dycor works with their worldwide clients to define the client's precise needs, and to deliver the most advanced, ready-to-deploy systems, services and expertise available in the market today.

Throughout Dycor's 30 year-plus history they have constantly evolved to meet present and emerging challenges without compromising their values, or those of their clients. Dycor has emerged from their roots in the harsh oil field environment and global biological defense programs to address today's issues by developing oil field technical solutions, enhancing oil recovery methods, enhancing security surveillance, enhancing disease, health and environmental monitoring, as well as providing world class test and evaluation services. It is Dycor's credo and conviction to be world leaders in assessment practices and practitioners of technology based operations using best available solutions. With offices in North America and Europe, Dycor provides proven flexible solutions to customers in Europe, Asia and North America. For further information on Dycor, please visit their website at: www.dycor.com.

About ESI

ESI is a leading manufacturer of patented and proprietary solutions for environments where understanding the presence, movement, and/or amount of water are important. Major market sectors include: agriculture, golf and turf, scientific research, civil engineering and crude oil production. ESI solutions have been successfully introduced into more than 40 countries to enable customers to optimize their operations by monitoring the presence and movement of water, managing irrigation systems, and monitoring the integrity of landfill covers. The Company's Flo·Point™ instrument was designed for the oil industry to measure the volumetric presence of water pumped during crude oil extraction for characterization and optimization of the process. ESI differentiates itself by translating the best technology and science available into practical, easy to use solutions. Irrigation managers, Reservoir Engineers, and Scientists have adopted ESI's products for their accuracy, ease of use, repeatability, and ability to operate in challenging environments. ESI is publicly traded on the TSX Venture Exchange under the symbol "ESV". Further information about ESI may be obtained through the Company's website at www.esisensors.com.

On behalf of the Company:

Bernard Beauchesne, Chief Operating Officer

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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