TSX-V: ACT
TORONTO, Jan. 14 /CNW/ - Active Control Technology Inc. (TSX-V:
ACT -
News) today
reported that it continues to make good progress with US federal Mine Safety
and Health Administration ('MSHA') approvals for ActiveMine(TM), the company's
two-way wireless voice communications, tracking and data system.
"We anticipate that ActiveMine will receive its MSHA approvals in ample
time to fulfill US federal and state requirements as well as the terms of our
current purchase orders and new business proposals," said Steve Barrett, ACT
President and CEO. "At the same time, we remain fully engaged in discussions
for additional purchases with mine operators in West Virginia and other
states."
MSHA approves mining equipment as 'intrinsically safe,' i.e. to not
create a spark or thermal ignition of methane or coal dust in coal mines. ACT
submitted applications to MSHA last year for all components of its ActiveMine
system. The company expects to receive three individual approvals for
ActiveMine's tracking tag, telephone and node assembly.
As previously announced, purchase orders for ActiveMine are subject to
certain conditions including regulatory approval of the system by MSHA.
ActiveMine's communications, data and tracking system enables monitoring
of production, personnel and equipment in all types of surface and underground
mining environments, including coal and base metal mines. The system is
designed to:
- Operate on a 100 percent wireless Wi-Fi network backbone.
- Be less susceptible to water and mechanical damage of all sorts,
including rock fall.
- Use open-standards technology.
- Meet federal MINER Act requirements for wireless systems as
established in MSHA policies.
- Provide four-day intrinsically safe battery back-up.
- Provide a wireless communications and data network above-ground to
extend underground networks.
About Active Control Technology
ACT designs and markets wireless network control and communication
systems for buildings and extreme environments. Located in Burlington,
Ontario, Canada, the company trades publicly on the TSX Venture Exchange under
the symbol ACT. For more information, visit the company's website at
www.activecontrol.com.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements: This press release
contains forward-looking statements that involve risks and uncertainties,
which may cause actual results to differ materially from the statements made.
When used in this document, the words "may", "would", "could", "will",
"intend", "plan", "anticipate", "believe", "estimate", "expect" and similar
expressions are intended to identify forward-looking statements. Such
statements reflect our current views with respect to future events and are
subject to such risks and uncertainties. Many factors could cause our actual
results to differ materially from the statements made, including those factors
discussed in filings made by us with the Canadian securities regulatory
authorities. Should one or more of these risks and uncertainties, such as
changes in demand for and prices for the products of the Company or the
materials required to produce those products, labour relations problems,
currency and interest rate fluctuations, increased competition and general
economic and market factors, occur or should assumptions underlying the
forward looking statements prove incorrect, actual results may vary materially
from those described herein as intended, planned, anticipated, or expected. We
do not intend and do not assume any obligation to update these forward-looking
statements. The reader is cautioned not to put undue reliance on such
forward-looking statements.
For further information
Steve Barrett, President & C.E.O., Active
Control Technology Inc., Tel.: (905) 670-5500 ext. 202, Fax: (905) 592-9691,
Email: sbarrett@activecontrol.com, Website: www.activecontrol.com
Don
Hogarth, Hogarth Communications Inc., Tel.: (416) 565-8920, Email:
don@hogarthpr.com