Nuvolt Corporation Inc.

Nuvolt Corporation Inc.

March 11, 2015 20:03 ET

Nuvolt Announces the Official Launch of its SmartScan Surveillance and Monitoring Service

QUÉBEC CITY, QUÉBEC--(Marketwired - March 11, 2015) - Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO), is pleased to announce the launch of its SmartScan surveillance and monitoring service.

The recent developments made to its technical platform allow Nuvolt to further provide its skilful expertise in management and monitoring of equipment and electrical networks.

This new direction represents an important evolution in Nuvolt's business plan. Offering its expertise by way of "Monitoring as a Service" will allow Nuvolt to build a model comprised of recurrent revenues, while maximizing the value of its solutions for its customers.

"By moving away from the traditional model of specialized equipment sales, we are able to grow closer to our customers in order to form a partnership with them, working toward the optimization of their operations", states Mr. Pierre-André Meunier, President and CEO at Nuvolt.

The patented technologies part of the SmartScan solution provide access like never before to data that was either out of reach or overly expensive to extract in the past. By relying on the information collected through its SmartScan solution, Nuvolt can apply and deliver the force behind its algorithms and expertise through a continuous and real-time monitoring service.

"For some industries, business down times, unplanned production shutdowns and equipment failures, and even certain types of disasters, can result in important monetary losses. We are providing diligent and continued surveillance, which results in increased productivity for our clients." concludes Mr. Meunier.

About Nuvolt Corporation Inc.

Nuvolt develops and markets patented technologies in the field of real-time monitoring and management of electrical equipment and networks. The SmartScan® solution has the ability to very rapidly detect electrical discrepancies and is able to predict a potential electrical failure. It can therefore prevent possible equipment failures, production downtimes (interruptions in operations) and reduce the risk of fires.

Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management. You are cautioned that such statements can be subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. The reader should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. There is no guarantee that the proposed Private Placement can be completed on the terms described in this press release. The Private Placement is still subject to the entering into of definitive agreements and various conditions, as described in this press release. These statements speak only as of the date they are made, and Nuvolt assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law.

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

  • Mr. Pierre-Andre Meunier
    President & CEO
    (418) 833-0773
    (418) 833-4055 (FAX)