Labrador Technologies Inc.
TSX VENTURE : LTX

Labrador Technologies Inc.

June 01, 2009 15:05 ET

Labrador Moves to the Utilities Sector

CALGARY, ALBERTA--(Marketwire - June 1, 2009) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Labrador Technologies Inc. (TSX VENTURE:LTX) ("Labrador" or "LTI") and Rocky View Utility Corp ("Rocky View Utility") have negotiated an agreement in principle to create a Joint Venture to deploy and embed Labrador® eTriever's WebMap™, Query, and Charting capabilities in Rocky View Utility's real-time, MuniNet Data Acquisition and Reporting solution. This system is aimed at facilitating the Water, Sewage, and Stormwater regulatory reporting requirements for the Utilities Sector. Remote Monitoring and Operations Reporting is a key component of this solution.

Said Peter Loats, President of Rocky View Utility Corp and a shareholder of LTI, "with the burden of regulatory requirements increasing every year, we believe there is a large market for a very affordable web-based system - from our point of view, it's perfect timing for us to be working with LTI."

"Apart from continuing to focus on eTriever's substantial Oil & Gas opportunities, we view the Utilities Sector as a natural step-out to clearly demonstrate our ability to work with other data types, and we are quite pleased to have found an experienced partner in Rocky View Utility Corp. LTI's ability to use eTriever's Software as a Service (SaaS) architecture to readily deploy and license software components across different industries provides LTI with far more flexibility to create multiple revenue streams than ever before," said Ron Sterne, LTI's CEO.

To learn more about eTriever™, please visit www.eTriever.com

Labrador (www.labradortechnologies.com) trades on the TSX Venture under the symbol "LTX."

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy and accuracy of this release.

Contact Information