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$IEQ.ca Intella Equity Subsidiary Sensor Technologies Corp. Receives a Service Order for $141,949.50 $SENS.ca

Posted by AGORACOM-Eric at 9:54 AM on Tuesday, November 27th, 2018

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  • Wholly-owned subsidiary of IEQ, Sensor Technologies Inc.  has received a service orders for$141,949.5
  • Sensor will provide the client with the monitoring of its various assets along with engineering field services and data analysis.
  • Order is from a current client, one of North America’s largest pipeline companies.

Toronto, Ontario–(Newsfile Corp. – November 27, 2018) – Sensor Technologies Corp. (CSE: SENS) (formerly Mooncor Oil & Gas Corp.) (the “Corporation”), a developer and marketer of patented non-intrusive sensing systems, is pleased to announce that its wholly-owned subsidiary, Sensor Technologies Inc. (“Sensor”), has received a service orders from one of its current clients, one of North America’s largest pipeline companies. The service orders received are for the client’s various assets in Canada. The Corporation will provide the client with the monitoring of its various assets along with engineering field services and data analysis. The value of this order is $141,949.5.

“This is an example of the Corporation’s history of being able to provide custom solutions to its clients,” commented Jay Vieira, President and CEO of the Corporation. “This order is the 1st of four service contracts the Corporation will be signing with the client in the next 45 to 60 days.”

About the Corporation

Sensor Technologies Corp develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Corporation contact:
Jay Vieira, President, CEO
email: [email protected]

$AAO.ca Augusta Provides Updates

Posted by AGORACOM-Eric at 9:32 AM on Monday, July 16th, 2018

Augusta Provides Updates

    • FOX-TEK’s Clean Growth Program was not on the 100 asked to proceed to the next stage.
    • It was identified, at the expert evaluation stage, as being a project having substantial merit
    •  Augusta’s annual and special shareholders’ meeting was held on July 11, 2018

Toronto, Ontario–(Newsfile Corp. – July 16, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”), a developer and marketer of patented non-intrusive sensing systems, would like to provide a general update.

Clean Growth Program Further to its press release of March 5, 2018, the Corporation reports that the letter of intent that was submitted by its wholly owned subsidiary, Fox-Tek Canada Inc. (“Fox-Tek”), to the Green Growth Program was not chosen as one of the 100 proposals to proceed to the full project proposal stage.

The Clean Growth Program covers five areas focused on pressing environmental challenges and economic opportunities facing Canada’s natural resource operations:

  • Reducing greenhouse gas and air-polluting emissions.
  • Minimizing landscape disturbances and improving waste management.
  • The production and use of advanced materials and bio-products.
  • Efficient energy use and productivity.
  • Reducing water use and impacts on aquatic ecosystems.

The program received approximately 750 proposals and of these, only 400 proposals were selected for expert evaluation, of which Fox-Tek’s proposal, which was focused on landscape disturbances and waste management in the energy sector, was one of those chosen. Of the 400 proposals, only 100 were invited to participate in the full project proposal stage. Due to the high number of quality submissions received by the Clean Growth Program, Fox-Tek’s proposal was not on the 100 asked to proceed to the next stage.

Although the Fox-Tek proposal will not be participating in the full project proposal stage, it was identified, at the expert evaluation stage, as being a project having substantial merit. As such, the Clean Growth Program has notified Fox-Tek that it will be introducing the company’s proposal to the Clean Growth Hub and other federal and/or provincial programs with the intention of securing government funding to proceed with its proposal.

The Clean Growth Hub is a “whole-of-government” focal point for the Government of Canada’s clean technology ecosystem focused on supporting companies and projects.

Shareholders’ Meeting

The Corporation is pleased to announce that at its annual and special shareholders’ meeting held on July 11, 2018, the shareholders approved the following matters:

  1. The appointment of Messieurs Allen Lone, Warren Goldberg, Tony Boogmans, Steve Ewaskiw and Jay Vieira as directors.
  2. The appointment of Wasserman Ramsay, Chartered Accountants, as auditors of the Corporation.
  3. The ratification of the Corporation’s stock option plan.
  4. The proposed change of business of the Corporation from an ‘industrial issuer’ to an ‘investment issuer’.
  5. The proposed change of the Corporation’s name from its current form to “IntellaEquity Inc.”
  6. The proposed sale of all of the issued and outstanding securities of Fox-Tek to Mooncor Oil & Gas Corp. pursuant to an amalgamation agreement dated June 11, 2018.
  7. The proposed consolidation of the Corporation’s issued and outstanding common shares on an one (1) for up to twenty (20) basis.
  8. The proposed delisting of the Corporation’s common shares from the TSX Venture Exchange and the listing of its shares for trading through the facilities of the Canadian Securities Exchange.

The Corporation would like to thank all of its shareholders that voted their shares in favor of the matters presented and the Corporation will provided updates on same as they become available.

Extension of Warrants

The Corporation will also like to announce that it has received TSX Venture Exchange approval and as of July 14, 2018, the expiry date of the 20,200,000 common share purchase warrants (the “Warrants”) of the Corporation was extended from July 14, 2018 to July 14, 2020.

The Warrants, which were originally issued on July 14, 2015, were issued pursuant to the Corporation’s private placement offering of 20,200,000 units. Each Unit was comprised of one (1) common shares and one (1) common share purchase warrant (the “Warrant”). Each Warrant entitles the holder thereof to acquire one (1) common share at an exercise price of $0.07 per share at any time until close of business on July 14, 2018.

Each Warrant, as amended, will entitle the holder thereof to purchase one common share of the Corporation at any time until the close of business on July 14, 2020 at an exercise price of $0.07 per common share. All other provisions of the Warrants will remain the same.

About the Corporation:

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”), Paragon Blockchain Inc. (“Paragon”) and Fox-Tek, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Paragon has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. Blockchain technology is of critical importance to Fox-Tek as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.

Corporation contact:

Allen Lone, President and C.E.O
Tel: (905) 275 -8111 Ext 226
email: [email protected]

$AAO.ca $21.5M sale of FOX-TEK to Mooncor signals a new day dawning for Augusta Industries

Posted by AGORACOM-Eric at 8:39 AM on Thursday, July 5th, 2018

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  •  A Canadian company made up of two key subsidiaries – FOX-TEK and Marcon.
  • Augusta is engaged in the development, design, manufacture and supply of systems using fiber optic sensors, related monitoring instruments, and software
  • The Company announced the sale of one of its’ two subsidiaries (FOX-TEK) for up to C$21.5 million, consisting of $9,500,000 in common stock of the acquirer (Mooncor) and additional potential royalties of $12,000,000.

Augusta Industries Inc. (TSXV: AAO) is a Canadian company made up of two key subsidiaries – FOX-TEK and Marcon. The Company has recently sold FOX-TEK to Mooncor Oil & Gas Corp. Augusta is engaged in the development, design, manufacture and supply of systems using fiber optic sensors, related monitoring instruments, and software. These systems serve the needs of the oil and gas, power generation, chemical, mining, and civil structure market sectors worldwide.

An experienced management and technical team lead operations and expansion in North America and locations around the world.

Augusta Industries clients include Canadian Natural, Shell, Chevron, and Petron. Augusta has industrial relationships with many US Government departments including, the Department of the Interior, Homeland Security, US Army, US Navy, US Air force and NASA. Internationally clients also include Kuwait Oil Company and Qatar Gas.

Augusta Industries subsidiary FOX-TEK handles the installation and reporting of information on an outsourcing basis. FOX-TEK also provides support engineering services related to planning, training, on-site installation, and data interpretation and reporting.

On May 28th, the Company announced the sale of one of its’ two subsidiaries (FOX-TEK) for up to C$21.5 million, consisting of $9,500,000 in common stock of the acquirer (Mooncor) and additional potential royalties of $12,000,000. Mooncor Oil and Gas Corp. is a Canadian junior oil and gas exploration and development company. Augusta plans to distribute a portion of the consideration shares to shareholders.

Regarding the portion to distribute, CEO Allen Lone states: “It will be in the 25% range. If you do the math, 25% of $9.5M is $2.37M being returned to shareholders. At a market cap of $6.5M (as on May 28, 2018), that amounts to an approximate 35% return to current shareholders. Plus the remaining shares go on the balance sheet of the company and royalty payments could add substantial cash to the company in the coming years. Not bad. Not bad at all.”

With a current market cap of just C$ 5.1 million, it becomes very obvious that both the Company and the shareholders will benefit greatly from the sale of FOX-TEK for up to $21.5 million.

Marcon International is Augusta Industries other subsidiary. Marcon is involved in the industrial supply of equipment and parts procuring for its clients, which are principally clients in the oil and gas industry and United States government agencies.

Initially the Company had focused on providing services in the energy sector but has moved on to also work with Government contracts and Government services. Marcon itself has two subsidiaries, Marcon USA and Marcon UK, to help enhance and support its logistic and sales operations. Over the years it has established a great reputation of being a consistent performer for its clients in the Government as well as the international oil and gas industry.

As CEO Allen Lone states: “A new day is dawning for Augusta and investors, both old and new.” Investors should definitely take a look at this undervalued gem.

$AAO.ca Augusta Announces its Shareholders’ Meeting and Provides Sales Update

Posted by AGORACOM-Eric at 10:28 AM on Thursday, May 17th, 2018

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  • Marcon International Inc. sales orders of $612,000, with a backlog of $962,838.71
  • Shareholders’ meeting has been scheduled for July 11, 2018

Toronto, Ontario–(Newsfile Corp. – May 17, 2018) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”) is pleased to announce that it wholly owned subsidiary, Marcon International Inc. (“Marcon”), has entered into new agreements with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the agreement entered into was $612,522.38. The current backlog of orders, including these new contracts, is $962,838.71 as of May 15, 2018.

“The Corporation is pleased to enter in these new contracts as it is a reflection of the continued efforts and hard work of the Corporation’s sales staff,” stated Allen Lone, President of the Corporation. “The Corporation’s sales efforts continues to result in increased sales and the Corporation will continue to focus on entering into additional contracts and developing additional relationships and opportunities with its existing clients.”

The Corporation also announces its shareholders’ meeting has been scheduled for July 11, 2018.

About the Corporation:

Through its wholly owned subsidiaries, Marcon, Fox-Tek Canada Inc. (“Fox-Tek”) and Paragon Blockchain Inc. (“Paragon”), the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

Fox Tek develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation’s FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Blockchain technology has the potential to unlock substantial new opportunities capable of impacting the business of Marcon. Specifically, Marcon seeks to create an eco-system in the supply chain management of clients to change the dynamics of the scoping and bidding process by providing vendors and subcontractors with A.I. data mining tools to proactively drive the process. Blockchain technology is of critical importance to FOX-TEK as well particularly the expansion of its’ non-intrusive technology in the oil & gas industry, whose clients include many of the biggest companies in the world.

Corporation contact:

Allen Lone, President, CEO, Augusta Industries Inc.
Tel: (905) 275-8111 Ext 226, email: [email protected]

Neither the 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.

INTERVIEW: Augusta Industries Inaugural Q&A – Clients of Subsidiaries include: #Enbridge $ENF.ca #Shell $RDS #Chevron $CVX #NASA – WATCH NOW!

Posted by AGORACOM-JC at 8:28 AM on Monday, October 30th, 2017

FEATURE: Augusta Industries $AAO.ca Discusses Spin-Out Transaction, Clients of Subsidiaries include: #Enbridge $ENF.ca #Shell $RDS #Chevron $CVX #NASA

Posted by AGORACOM-JC at 1:28 PM on Tuesday, October 17th, 2017

Augustalarge

 

Augusta Industries (AAO:TSXV) is a superstar company that very few people small cap investors have ever heard of. More than just lip service, take a quick look at the client rolls of their 2 subsidiaries. Once you do, you’ll understand why Augusta just announced a spin out transaction that will split the subsidiaries into two companies, making shareholders very happy.

SUBSIDIARIES

1]  FOX-TEK – World leading solutions to various sectors including the oil and gas industry. With non- intrusive technologies including: fiber optic sensors and electric field mapping systems; FOX-TEK is able to accurately measure changes that could negatively impact clients’ operations, the list of which includes the following Tier-1 Energy Companies.

2]  Marcon International – an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment to clients that include government departments and global energy companies.

  • Aiming to deliver $25M in additional shareholder value with its Sensor Technologies spin out announcement on September 28th.
  • At the time of “Spin out”, Augusta will own 50 Million shares of Sensor Tech, and 100% of Marcon International,
  • Transaction unleashing the potential for explosive growth through its multinational relationships and state of the art monitoring technology

Augusta is a burgeoning beast in the Oil & Gas service sector with its multi-faceted approach to creating shareholder value for its shareholders.

WATCH OUR RECENT INTERVIEW

INTERVIEW: Augusta Industries $AAO.ca Discusses Spin-Out Transaction, Clients of Subsidiaries include: #Enbridge $ENF.ca #Shell $RDS #Chevron $CVX #NASA

Posted by AGORACOM-JC at 11:00 AM on Wednesday, October 11th, 2017

AGORACOM welcomes Augusta Industries $AAO.ca providing world leading solutions to the oil and gas and structural health monitoring industries

Posted by AGORACOM-JC at 4:58 PM on Friday, September 15th, 2017

Augustalarge

FOX-TEK

A wholly owned subsidiary of
Augusta Industries Inc.

  • Engaged in the development, design, manufacture and supply of systems using fiber optic sensors, related monitoring instruments, and software
  • Clients include Enbridge and The Pembina Institute
  • Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co
  • Provides support engineering services related to planning, training, on-site installation, and data interpretation and reporting.

 

CLIENTS INCLUDE


FOX-TEK’s systems serve the needs of the oil and gas, power generation, chemical, mining, and civil structure market sectors, worldwide.

  • Systems can be configured to operate continuously or on an inspection basis.
  • They can also be monitored remotely

Oil And Gas

 

Mining

  • Sensors measure displacement to add value in the areas of critical operations, safety, environmental protection, improved maintenance, and extended lifetime.
  • Systems are built on proven components and know-how in the areas of telecommunications based fiber optics, electronics and optics, and control and signal processing software.

Marcon International

  • Involved in the industrial supply of equipment and parts procuring for its clients which are principally clients in the oil and gas industry and United States government agencies such as the Department of Defense, Department of the Interior, Department of Homeland Security and Department of Agriculture.
  • Provides procurement and support services to existing and new projects worldwide in the energy sector. Initially the company had focused on providing services in the energy sector but moved on to government contracts and government services.

Marcon has two subsidiaries, Marcon USA and Marcon UK, to help enhance and support its logistic and sales operations

  • Servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial machinery and equipment such as cranes, derricks, diesel engines, conveyor systems, oil refining machines, packing machinery, industrial pumps and welding machinery.
  • In addition to departments and agencies of the U.S. Government, Marcon’s major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

 

 

$AAO.ca FOX-TEK’s Electric Field Mapping (EFM) technology monitors pipe walls for internal corrosion

Posted by AGORACOM-Eric at 10:52 AM on Thursday, September 7th, 2017

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It’s highly accurate, it’s non-intrusive, it’s continuous and it goes with the flow.

Electrically speaking, that is.

For the past decade, Electric Field Mapping (EFM) technology—developed by Toronto-based FOX-TEK Canada Inc.—has been helping to keep Enbridge’s pipeline network healthy and fit for purpose by staying “current,” in a manner of speaking.

“If you put your finger in a stream, the water goes around your fingers. And that’s essentially how our EFM technology works,” says Allen Lone, President and CEO at FOX-TEK Canada Inc., a subsidiary of Augusta Industries Inc.

“Based on a continuous EFM monitoring system, we’re measuring the minute changes in electrical current density through a segment of the pipe where our sensor array is mounted,” adds Lone. “If there are any localized changes in the pipe wall—such as metal loss due to corrosion—our EFM system will detect a change in the current density.”

FOX-TEK’s EFM technology, as well as the company’s fiber optic-based optical strain gauges and sensor cable-based leak detection systems, are used all over the world—on anything from tanks and vessels to overpasses and bridges to refineries and electrical towers.

For energy pipelines in particular, EFM is a complementary technology that can be used to supplement a pipeline operator’s inspection and maintenance tactics.

Where a high-tech in-line inspection (ILI) tool has detected a localized area of minor internal corrosion that warrants monitoring, FOX-TEK will install an array of up to 200 wired metal pins, reflecting the size and the shape of the affected area, to monitor changes in the pipe wall’s electrical field.

Significantly, EFM systems are:

  • Built for remote applications, with each pin sensor array fully autonomous through solar-powered battery packs;
  • Continuous, as opposed to monitoring systems that must be manually checked;
  • Non-intrusive, allowing operators to monitor the effectiveness of their pipe cleaning regimens; and
  • Accessible, with wireless data transmission and cloud-based data storage that’s available 24/7 via web-based portals.

Enbridge is continuously looking for opportunities to employ existing technologies, and advance new ones, in the areas of design, construction, operations and maintenance, to keep our pipelines safe.

“Crude oil transmission pipelines are typically at low risk of internal corrosion due to the cleanliness of the transported products, as well as their high flow rates,” says Trevor Place, a senior engineering specialist with Enbridge’s liquids pipelines division. “Nevertheless, over the very long term, there may be periods when accumulated sediment and water have caused corrosion. These locations are easily detected through our in-line inspection programs, and some of these may become suitable for supplemental monitoring using EFM technology.

“Because they’re real-time and continuous,” adds Place, “FOX-TEK monitoring systems are capable of a high level of precision—and they provide validation for our ongoing mitigation activities, like interior cleaning or chemical additives that minimize bacteria and prevent corrosion.”

FOX-TEK’s EFM technology is currently providing continuous monitoring at several locations along Enbridge’s 17,511-mile (28,181-km) North American crude oil and liquids network.

“Because the EFM system is monitoring the actual pipe wall, there really is no better representation of what’s happening inside the pipe,” says Place. “FOX-TEK has been a solid performer for Enbridge for years.”

$AAO.ca Augusta Subsidiary, Marcon Announces New Contracts

Posted by AGORACOM-Eric at 10:10 AM on Thursday, September 7th, 2017

 

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  • Contract Awarded to Augusta subsidiary Marcon International
  • Valued at $782,703, future orders total $1,842,098.00 as of August 31, 2017
  • Contracts are with United States Governement

Toronto, Ontario–(Newsfile Corp. – September 7, 2017) – Augusta Industries Inc. (TSXV: AAO) (the “Corporation”) is pleased to announce that its wholly owned subsidiary, Marcon International Inc. (“Marcon”), has been awarded contracts with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the new contracts entered into in August is $782,703.00. The current pipeline of orders, including these new contracts, is $1,842,098.00 as of August 31, 2017.

“The Corporation is pleased that it continues to enter into new agreements with various entities of the United States government,” stated Allen Lone, President of the Corporation. ” We are still focusing on adding more contracts to our Sales pipeline and continue to develop our relationship with our clients for future opportunities.”

About the Corporation:

Through its wholly owned subsidiaries, Marcon International Inc. (“Marcon”) and Fox-Tek, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon’s principal business is the sale and distribution of industrial parts and equipment.

FOX-TEK provides world leading solutions to various sectors including the oil and gas industry. With non- intrusive technologies including: fiber optic sensors and electric field mapping systems; we are able to accurately measure changes that could negatively impact our client’s operations.

Augusta Industries Inc.
Allen Lone
President, CEO (905) 275-8111 Ext 226 [email protected]