Nuvolt Corporation Inc.

Nuvolt Corporation Inc.

January 18, 2012 10:34 ET

Nuvolt Corporation Announces the Launching of a Promotional Program for SmartScan With Optimum Assurance Agricole

LEVIS, QUEBEC--(Marketwire - Jan. 18, 2012) - The president and CEO of Nuvolt Corporation Inc.Nuvolt ») (TSX VENTURE:NCO), Mr. Jacques Dion, is pleased to announce the launching of a promotional agreement for the SmartScan with Optimum Assurance Agricole. This agreement is designated as the « Optimum /Agrivolt program for the SmartScan ».

According to Mr. Mario Dumas, principal vice-president, operation: «Optimum Assurance Agricole and Nuvolt have entered into an agreement to promote SmartScan given the features of this technology as a preventive maintenance system against electrical failures in livestock farms. Electrical failures originating from production equipment and the electrical network are the major causes of fire in livestock farms». Optimum will offer an annual damage insurance premium rebate to the farm owners who purchase a SmartScan system.

This agreement is further to the signing of a collaboration agreement with Optimum already announced in 2010 and should have a significant impact on SmartScan's sales in Québec but also outside the province, given that this agreement is a major endorsement of our SmartScan technology as a preventive maintenance system in livestock farms. Furthermore, the Optimum/Agrivolt program for SmartScan will create the synergy required to keep SmartScan technical advance for the future.

About Optimum Farm Insurance

Optimum Farm Insurance Inc. is a member of Optimum Group, a Canadian-owned private financial group active in property and casualty insurance, life insurance, life reinsurance, actuarial consulting and asset management, with operations in Canada, the U.S. and France. Optimum Farm Insurance Inc. caters exclusively to the needs of farmers, and has been offering farming insurance products in Quebec since 1897. Its head office is located in Trois-Rivières.

About Agrivolt Inc.

Agrivolt is a wholly owned subsidiary of Nuvolt. It sells Nuvolt's expertise and products to the agriculture market. It has sale offices in Lévis, Kansas City and Fresno, California.

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.

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)