LEVIS, QUEBEC--(Marketwired - Nov. 1, 2013) - Mr. Jean Lambert, Chairman of the board of Nuvolt Corporation ("Nuvolt" or the "Company") (TSX VENTURE:NCO) announces the resignation of Mr. Jacques Dion as member of the board and President of the company.
The board then nominated Mr. Michel Montreuil as member of the board. Mr. Michel Montreuil, Vice-President technology, is involved in the electrical sector for more than 40 years. He has spent the last 25 years developing a specialized expertise in monitoring and management systems for electrical failure, power quality, detection and neutralization of leakage current.
About Nuvolt Corporation Inc.
Nuvolt has developed a specialized expertise in the monitoring and the management systems for electrical failures, power quality, the detection and neutralization of leakage current for the agriculture, maritime, commercial and industrial markets. SmartScan is now available to the agriculture market. The SmartScan system has the ability to predict an electrical failure on equipment and electrical networks. It could prevent equipment failures and production downtime on production assembly lines and commercial buildings and also fire risks. The ShipScan, for the maritime market, and the SmartScan Pro, for the industrial market were launched in September 2012.
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. 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.
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