NORDEX EXPLOSIVES LTD.
TSX VENTURE : NXX

NORDEX EXPLOSIVES LTD.

February 07, 2011 18:02 ET

Nordex Explosives Announces Exclusive Distribution Agreement With Johnex Explosives

KIRKLAND LAKE, ONTARIO--(Marketwire - Feb. 7, 2011) -

NOT FOR U.S. DISTRIBUTION

NORDEX EXPLOSIVES LTD. (TSX VENTURE:NXX) ("Nordex") is pleased to announce that it has entered into an exclusive agreement with Johnex Explosives to introduce the following products into Canada:

Econotrim
Ezicharge

The Econotrim product is a one-piece custom length semi-rigid 21mm diameter coiled charge designed for rapid charging of boreholes in underground tunnelling and shaft sinking where elevated temperatures and reactive ground are common.

The Ezicharge product is a one-piece custom length semi-rigid 32mm diameter coiled charge designed for rapid charging of lifters, wet faces and stripping in underground tunnelling and shaft sinking.

Johnex has developed a unique range of patented explosives products which have revolutionized production blasting in Australia. Nordex believes the Econotrim and Ezicharge products will appeal to customers in Canada seeking blasting technologies that are designed to be safer and more reliable than other products due to their one-piece design, which eliminate the need for joining blasting sticks and separate primers, leading to a potential for cost savings to Nordex' customers. Johnex employees have over 150 years of collective experience in product development at three production facilities in Australia to suit all types of quarry, open pit and underground mining. Johnex has become recognized as Australia's leading innovator in high-tech explosives technology and high quality user friendly cost effective products and currently provides these products to several large mining operations in Australia.

Nordex has received Certificate #XP2050-N15-090813002 from Natural Resources Canada (ERD) declaring the products as authorized explosives under the "Explosives Act" in Canada.

Nordex and Johnex will jointly undertake an evaluation of the Canadian market and the requirements to manufacture, distribute and sell the products. Under the agreement Johnex will provide the necessary technology, technical expertise and support for Nordex to introduce the products into Canada. 

Mr. Jim Taylor, Chief Executive Officer of Nordex stated: "The Econotrim and Ezicharge explosives represent important additions to our line of products and are expected to provide Nordex with a competitive advantage. We are very excited about this relationship with Johnex and all the new opportunities and options it will bring to Nordex and our clients."

These new products are expected to complement the existing line of booster sensitive and detonator sensitive emulsions now manufactured by Nordex Explosives Ltd. at its facility located near Kirkland Lake, Ontario.

ABOUT NORDEX EXPLOSIVES:

LES EXPLOSIFS NORDEX LTEE./NORDEX EXPLOSIVES LTD. is a manufacturer and distributor of explosives for the mining, quarry and road construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex trades on the TSX Venture Exchange under the symbol "NXX".

FORWARD LOOKING STATEMENTS: (not for U.S. distribution)

Certain information included herein may contain "forward‐looking statements" which reflect the current expectations of management of the Corporation regarding the Corporation's future growth, results of operations, performance, business prospects and opportunities. Wherever possible, words such as "may", "would", "could", "should", "will", "anticipate", "believe", "plan", "expect", "intend", "estimate", "aim", "endeavour", "seek", "predict", "potential" and similar expressions have been used to identify these forward‐looking statements. These statements reflect management's current beliefs with respect to future events and are based on information currently available to management of the Corporation. Forward‐looking statements involve significant risks, uncertainties and assumptions. Many factors could cause the Corporation's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward looking statements, including, without limitation, cancellations of or the failure to renew purchase orders; production and delivery issues; quality, pricing and availability of raw materials; compliance with environmental regulations; exchange rate fluctuations as well as the other risks identified in the "Risk Factors" contained in the Corporation's Management Discussion and Analysis and other public filings (copies of which may be obtained at www.sedar.com). Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward‐looking statements prove incorrect, actual results, performance or achievements may vary materially from those expressed or implied by this press release. These factors should be considered carefully and the reader should not place undue reliance on the forward‐looking statements. Although any forward‐looking statements contained in this press release are based upon what management currently believes to be reasonable assumptions, the Corporation cannot assure readers that actual results, performance or achievements will be consistent with these forward‐looking statements, and management's assumptions may prove to be incorrect. These forward‐looking statements are made as of the date of this press release, and, other than as required by law, the Corporation does not intend, and does not assume any obligation, to update or revise these forward‐looking statements, whether as a result of new information, future events or otherwise.

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.

Contact Information