Nuvolt Corporation Inc.

Nuvolt Corporation Inc.

April 12, 2012 08:29 ET

Nuvolt Corporation Announces the Conclusion of a Collaboration Agreement With Cominar Real Estate Investment Trust for the Adaptation of its SmartScan Pro System

LEVIS, QUEBEC--(Marketwire - April 12, 2012) - Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) is pleased to announce the conclusion of a collaboration agreement with Cominar Real Estate Investment Trust ("Cominar") (TSX:CUF.UN) to adapt its SmartScan Pro system to the needs of commercial buildings owners.

Mr. Jacques Dion, President and Chief Executive Officer of Nuvolt, considers this agreement as an important step to activate the marketing of SmartScan Pro to the real-estate market. "This agreement with Cominar, a national leader in the commercial real-estate market, allows us to have access to some of its strategic buildings and to benefit from the expertise of a leading team."

Cominar is interested in the SmartScan Pro technology, an equipment and electrical network monitoring and management system, for its ability to predict an electrical failure and, therefore, reduce costs of equipment failures and production downtimes. SmartScan Pro could become an important tool for preventive maintenance of commercial buildings.

SmartScan Pro is the adapted product of SmartScan, for uses in commercial and industrial markets.

About Cominar

Cominar Real Estate Investment Trust is one of the largest diversified real estate investment trusts in Canada and the largest commercial property owner and manager in the province of Quebec. As at March 2, 2012, our real estate portfolio includes 385 office, retail, and industrial properties in the provinces of Quebec and Ontario, in the Atlantic Provinces and in Western Canada and represents more than $4.6 billion in assets.

About Nuvolt

Nuvolt Corporation 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, are under manufacturing. The first deliveries to customers are planned for May 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. 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

  • Jacques Dion
    (418) 833-0773
    (418) 833-4055 (FAX)