Cantronic Systems Inc.
TSX VENTURE : CTS

Cantronic Systems Inc.

November 02, 2005 11:16 ET

SDTC Has Approved Cantronic Systems and its Alliance Partners for a CDN $1.716M Grant Funding for Developing Infrared Gas Imaging Systems

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 2, 2005) - Cantronic Systems Inc., (TSX VENTURE:CTS) - On October 6, 2005, the Board of Directors of the Sustainable Development Technologies Canada Foundation (SDTC) approved the grant funding of $1,716,000 over three years to the Gas Imaging Alliance led by Power Diagnostic Technologies Ltd. (PDT) of New Westminster, BC. Cantronic Systems Inc. is an instrumental consortium member.

"We carry a critical role in this Alliance. Our involvement in this project promotes and exploits our available technologies and provides us with the opportunity to move into a very attractive, and expanding market of leak detection and remote monitoring of methane gas emissions. The SDTC initiative is complementary to Cantronic's plan to grow greatly into the North American market, and, to expand our technology beyond anywhere we've been before," says James Zahn, President & CEO of Cantronic Systems Inc.

"Working with Alliance partners from Canada, which include BP Canada Energy Company and the Alberta Research Council, USA, Holland and Israel, Cantronic's considerable expertise in designing and fabricating small handheld Infrared devices will help the Alliance to achieve its objective of offering the oil and gas industry a highly portable gas imaging system with full leak calibration within three years. "This project's future success will further benefit all Alliance members including Cantronic Systems," says James Symons President and CEO of Power Diagnostic Technologies Ltd.

Cantronic now has the opportunity to expand its presence into new applications and new markets. These activities will complement Cantronic's special systems programs in the international security and medical diagnostics markets, such as fever-based detection of individuals with fever-like symptoms, a key indication of SARS and Avian Flu (Bird Flu).

About SDTC

Sustainable Development Technology Canada is a foundation created by the Government of Canada that operates a $550 million fund to support the development and demonstration of clean technologies - solutions that address issues of climate change and clean air, water and soil to deliver environmental, economic and health benefits to Canadians. An arm's length, not-for-profit corporation, SDTC fills the void in the innovation chain between research and commercialization - helping clean technology developers move through the development and demonstration phases, in preparation for commercialization. SDTC applies a stringent due diligence process when selecting technologies to support and requires every applicant to involve a consortia of partners in their project. SDTC encourages collaboration among private, financial, academic, public sector partners and with the Government of Canada and all levels of government to build a sustainable development infrastructure in Canada.

About Cantronic Systems

Cantronic Systems Inc. is a world leader in infrared night vision technology, specializing in passive and active infrared cameras, infrared illuminators, low light infrared sensitive CCD cameras and long-range night vision surveillance systems for demanding homeland security applications. The Company has achieved breakthrough performance characteristics, including viewing distances of 800 meters for its active infrared night vision camera. We have formed strategic relationships with various world-class electro-optic companies, integrators, software and network designers to enable us to offer an effective alternative to conventional cameras and surveillance systems. The Company serves a rapidly expanding worldwide base of military, government, commercial and residential customers. Cantronic's technology has been widely featured by national and local media. Cantronic Systems Inc. is a Tier 1 issuer on the TSX Venture Exchange trading under the symbol CTS. For further information, please visit our website at www.cantronic.com

TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

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