Fiber Optic Systems Technology, Inc.
TSX VENTURE : FOX

Fiber Optic Systems Technology, Inc.

July 13, 2011 09:00 ET

FOX-TEK Ships Additional Three Pinpoint Systems to Zamil Group Holding

TORONTO, ONTARIO--(Marketwire - July 13, 2011) - Fiber Optic Systems Technology, Inc. ("FOX-TEK" or the "Corporation") (TSX VENTURE:FOX), a developer and manufacturer of patented non-intrusive sensing systems, is pleased to announce that further to its press releases dated April 25, 2011, the Corporation has shipped an additional three (3) Pinpoint Systems to Zamil Group Holding Company ("Zamil") pursuant to the purchase order of Zamil. To date a total of five (5) Pinpoint Systems have been shipped to Zamil. The remaining 15 Pinpoint Systems will be shipped throughout the year with it being anticipated that all 20 systems would be shipped to Zamil by the 3rd quarter. The aggregate purchase price for the 20 Pinpoint systems is $1.5 million.

Building on the success of the Zamil transaction, the Corporation's Vice President of Operations and National Sales Manager are currently on a sales and marketing trip in the Middle East visiting clients and potential clients in Saudi Arabia, Bahrain, Kuwait, Qatar and Oman.

Mr. Allen Lone, President of the Corporation, stated "The additional shipment of three (3) units underscores the growing acceptance of the Corporation's products in the Middle East. The current sales and marketing trip has exceeded the Corporation's expectation as there is strong indication from the parties that the Corporation has spoken to that the demand for monitoring and corrosion detection products will increase in the region. The Corporation will continue to focus its efforts on expanding its presence in the Middle East market."

About Zamil Group Holding Company

Zamil is a global holding company with diverse interests and capabilities. It provides innovative, high quality and price competitive products and services as well as investment opportunities for investors, partners and stakeholders in the industrial, petrochemicals and services sectors.

Zamil's range of products and services is expansive and spans air-conditioning manufacturing to architectural glass processing, plastics to steel fabrication and paints and cranes to heavy process equipment. It is also engaged in shipbuilding and repair, port operations and maintenance, petrochemicals and chemicals, industrial investment and general construction.

About Marcon, FOX-TEK:

Marcon is an Ontario based, industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon's principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon's major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

FOX-TEK develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling, and process pressure and temperature. FOX-TEK's FT fiber optic sensor and PinPoint systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Marcon, FOX-TEK have offices in Oakville, ON; Toronto, ON and Alberta; FOX-TEK is traded on the TSX Venture Exchange under the symbol "FOX". For more information, visit www.fox-tek.com.

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in FOX-TEK's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. FOX-TEK has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

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