SOURCE: QuadTech International Inc.

June 13, 2006 08:55 ET

QuadTech International to Introduce Compact iPMine-M8 810C Tracking Device

VANCOUVER, BC -- (MARKET WIRE) -- June 13, 2006 -- QuadTech International, Inc. (OTCBB: QTII), a global provider of leading-edge Internet and IP-based technology solutions, today announced that it will introduce a compact version of its iPMine-M8 810B basic tracking device this year. The new model, the iPMine-M8 810C, will be targeted to miners who do not require user-interface interaction (LCD screen and keypad) with control centers, but need to be instantly tracked and monitored for their safety.

With a rugged housing to protect it against the harsh mining environment, the compact and lightweight iPMine-M8 810C will be slightly bigger than a credit card holder and can be worn on belts or in shirt pockets. It will have the same battery-charging technology and notification/panic features as the iPMine-M8 810A advanced and 810B basic models. The current iPMine-M8 810A and 810B models are approximately 3.7 x 5.8 x 1.5 inches in size.

QuadTech expects the new compact 810C device to be maintenance-free for at least one year. It will be available for delivery in the fourth quarter of 2006 and will be competitively priced.

The iPMine-M8 810C was developed following QuadTech's recent, successful demonstration to China's seventh largest coal mining operation in tandem with QuadTech's Chinese distribution partners. Though QuadTech's iPMine system received extremely positive feedback overall, the observers requested a compact version of the tracking device. They suggested that team leaders, supervisors, and mine managers should be outfitted with the current iPMine-M8 810A advanced model; however, all other miners should be outfitted with a compact device for tracking and safety as well as for productivity monitoring.

"We are very pleased that our technology partner, iPackets International (PINKSHEETS: IPKL), has developed a solution to meet both the organizational demands of our customers and the sales demands of our distribution partners in such a short period of time," said John Meier, president and chief executive officer at QuadTech. "With the new 810C compact model, we believe we are better positioned to sell more devices to our customers, thereby generating additional revenues and enhancing shareholder value."

According to Chinese government statistics, more than 12.2 million people were employed as miners in 2005, and approximately 7.0 million of these were coal miners.

About the Mining and Mine Safety Industries in China

China comprises more than 280,000 mining enterprises, of which 80,000 are state-owned. In February 2005, the Chinese State Administration of Work Safety mandated US$6.3 billion to be spent over the subsequent three years to improve mine safety at all state-owned mines. The Chinese government also is offering all mining enterprises, whether state-owned or privately owned, a 15 percent tax credit incentive to upgrade mine safety technologies. Mine safety has been a major issue in the Chinese mining industry, with more than 6,000 miners killed in mining-related accidents in China last year; independent estimates say the real figure could be as high as 20,000.

About iPMine

iPMine is a real-time two-way wireless communications solution designed to significantly improve the safety of miners and equipment in virtually any size mine. iPMine tracks, monitors, and communicates with miners and equipment underground and above ground. Location information of both miners and equipment is collected and displayed live on one or more monitoring stations against a background of a mine's terrain map. iPMine's scalability and flexibility features make it ideal to be deployed in any size mine supporting multiple levels and/or sites. iPMine's redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment.

About QuadTech International, Inc.

QuadTech International, Inc. is a global provider of leading-edge Internet and IP-based technology solutions. It owns the exclusive worldwide sales and marketing rights for the iPMine System and aims to create value for its shareholders by making iPMine the leading global safety product for the mining industry. For more information, please visit

Legal Notice Regarding Forward-Looking Statements: Forward-looking statements in this news release are made pursuant to the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934. Investors are cautioned that statements in this news release that are not strictly historical statements, including without limitation, management's plans and objectives for future operations and management's assessment of market factors, and statements regarding the strategy and plans of the company and its strategic partners, constitute forward-looking statements. These forward-looking statements are not guarantees of the company's future performance and are subject to a number of risks and uncertainties that could cause the company's actual future results to differ materially from the forward-looking statements.

Contact Information

  • Contact:
    Panascope Capital