Global Remote Technologies Ltd.
CNSX : RGT
FRANKFURT : GR9

Global Remote Technologies Ltd.

May 18, 2016 09:00 ET

Global Remote Technologies Enters Into Service Agreement With Black Gold Pump & Supply Inc

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 18, 2016) - Global Remote Technologies Ltd. (the "Company") (CSE:RGT)(FRANKFURT:GR9) is pleased to announce it has entered into a service agreement with Black Gold Pump & Supply, Inc ("Black Gold") for the Company's Helix downhole well simulation tool. This agreement allows Black Gold to use and distribute the Helix tools in California and grants GRT a distributorship for all of Black Gold's products and services in the Texas and Oklahoma markets.

Chris Dorris, CEO of the Company, stated, "We're very excited about this new relationship with Black Gold as an important step towards achieving our goal of 8 new customers by the end of this last quarter of 2016. As Black Gold is a California based company this also will provide the opportunity for Global Remote and the Helix tool to break in to markets outside of our predominant focus of Texas, Louisiana and the South East.

About the Helix Tool

The Helix tool uses a patent pending design and engineering method to achieve unique flow patterns that are more effective for wellbore cleanouts than any other design on the market. The Helix tool is a downhole cleaning and simulation technology that combines traditional oscillation and pulse jetting structures into a single pattern. For more information about the Helix tool, equipment, and technology acquired by the Company, please refer to the Company's news release issued on October 27, 2015.

About Black Gold Pump & Supply

Black Gold is a private company with headquartered in California. Black Gold creates, manufactures, sells, and distributes a wide variety of API and non-API parts, products, and services for oil rigs and supporting equipment. Black Gold Pump & Supply is a leading expert in production well analysis. Black Gold assists with raising production to get the maximum amount of fluid and the slowest unit speed possible; ensuring greater efficiency. Visit http://blackgoldpump.com/ for more information.

About Global Remote Technologies

The Company focuses on the deployment of emerging technologies for the energy sector. The Company has licensed multiple patent pending tools for the oil and gas industry. Using its advanced engineering and leadership experience, the Company brings cutting edge processes and technology to the oil patch. Its remote sensor packages transmit telemetry from drilling and production sites in real time to a central server where it is viewed in the cloud. The systems are designed to provide key personnel an early warning system to avoid equipment failures or costly compliance fines. The Company collects and communicates vital information on the status of equipment, tanks, and pipelines for exploration, production, and transmission of oil, gas and water. In addition, the Company recently acquired a Helix downhole well simulation tool and related technology. The tool uses a patent pending design and engineering method to achieve a unique flow pattern for wellbore simulation. The Company is headquartered in Vancouver, BC, with offices in Denver, Colorado and Houston, Texas.

Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, www.grtcse.com.

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company's management believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward- looking information because the Company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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