Nuvolt Corporation Inc.
TSX VENTURE : NCO

Nuvolt Corporation Inc.

February 06, 2012 17:28 ET

Nuvolt Corporation Announces a Sale of the SmartScan Pro System as Well as the Manufacturing of the First Units of ShipScan and SmartScan Pro Systems

LEVIS, QUEBEC--(Marketwire - Feb. 6, 2012) - Nuvolt Corporation Inc. (« Nuvolt ») (TSX VENTURE:NCO) is pleased to announce the conclusion of the first sale of its SmartScan Pro system to St. Lawrence Stevedoring, a Quebec Company.

According to Mr. Giles Campagna, Director of Maintenance and Engineering of St. Lawrence Stevedoring: "The SmartScan Pro is a need in our community since the stevedoring facilities, for the loading and unloading of a ship, are mainly electrical. We cannot afford to have operation downtimes after a power failure. SmartScan Pro is essential to our operations since it is predictive. We are informed ahead of time of an incoming electrical problem."

Mr. Jacques Dion, President of Nuvolt, is particularly proud of St. Lawrence Stevedoring's decision to integrate SmartScan Pro to their basic equipment. "Beyond the fact that it is a significant strategic sale, this is a confirmation for Nuvolt of the weight potential of the industrial market. After several months of validation and adaptation of the SmartScan system to a system better suited for the industrial sector, the SmartScan Pro is ready to be launched to the market."

Moreover, Jacques Dion confirms that the process of adapting the SmartScan, equipment and electrical network monitoring and management system, is also completed for the maritime sector where the product will be marketed under the name ShipScan. The SmartScan Pro and ShipScan are under manufacturing and will be available to markets in April / May 2012.

About St. Lawrence Stevedoring

St. Lawrence Stevedoring is a division of Quebec Stevedoring, representing 9 stevedoring companies, over 25 terminals, 1,300 employees, 1,000 inbound and outbound international vessels accommodated yearly. St. Lawrence Stevedoring was founded in 1978 and the head office is in Quebec.

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
    CEO
    (418) 833-0773
    (418) 833-4055 (FAX)