Nuvolt Corporation Inc.

Nuvolt Corporation Inc.

April 10, 2012 09:12 ET

Nuvolt Corporation Announces the Conclusion of a Distribution Agreement with Penner Dairy Services Ltd.

LEVIS, QUEBEC--(Marketwire - April 10, 2012) - Nuvolt Corporation Inc. ("Nuvolt") (TSX VENTURE:NCO) is pleased to announce the conclusion of a distribution agreement for its agriculture products with Penner Dairy Services Ltd. ("Penner") for the Ontario market.

Mr. Jacques Dion, President and Chief Executive Officer of Nuvolt, says: "This is an important step for the strategy to make a technology transfer of our expertise and our products to quality distributors in order to increase our representation on the market. This agreement with a well-known leader in farm equipment distribution will have a major impact on the sales of agriculture products in Ontario, for our subsidiary Agrivolt."

Mr. Ben Rier, President of Penner Dairy Services, adds: "We have a long and successful history in helping dairy and pork producers understand and mitigate the effects of stray voltage utilizing the products and expertise of Agrivolt."

About Penner

Penner Dairy Services Ltd. is a full service dairy equipment supplier located in southern Ontario. With locations in Tara and Listowel, they are well situated with the knowledge, products and staff to provide professional solutions to the milking, feeding and manure handling requirements of milk and pork producers.

About Nuvolt

Nuvolt has developed a specialized expertise in the monitoring and management systems to predict electrical failures and poor power quality for the maritime, commercial and industrial markets and also the detection and neutralization of leakage current for the agriculture market via its subsidiary Agrivolt inc.

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

  • Nuvolt Corporation Inc.
    Jacques Dion
    (418) 833-0773
    (418) 833-4055 (FAX)