| | 03 Apr 2014 10:58 ET |  |
Marketwire Canada NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is pleased to announce continued progress in its manufacturing of the "Buttbuster" perimeter control product designed for surface and underground blasting applications. The Corporation completed construction and received final approval for its new production facility in late 2013, and has continued to increase its maximum daily manufacturing rates based on the averages established per each day when in full production as follows: Average Buttbuster Production Figures per each Full Shift Sep Oct Nov Dec Jan Feb Mar 2013 2013 2013 2013 2014 2014 2014 ------- ------- ------- ------- ------- ------- ------- Quanitity of Cases 4 11 18 25 47 93 104 Nordex has stated the anticipated capacity to manufacture up to 120 cases per shift when in full production and each month has been increasing its capabilities in order to achieve this objective. Each case manufactured contains approximately 25kg of specialized product cut to customized lengths based on specific client needs. Nordex has a cooperative relationship with Australian based Johnex Explosives, whereby Nordex retains exclusive production and distribution rights for the "Buttbuster" proprietary perimeter control product line. The Corporation has recently updated its information reflecting this product and will introduce it to existing and new markets in 2014. To date the Company has manufactured and sold over 2,500 cases of product. About Nordex Explosives Nordex Explosives Ltd. is a Canadian based manufacturer and distributor of explosives for the mining, quarry and construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex is the exclusive supplier of the "Buttbuster" perimeter control explosive products in Canada. Additional information can be found at www.nordexexplosives.com. Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release. FOR FURTHER INFORMATION PLEASE CONTACT: Capital Ideas IR Dean Stuart T: 403 517 2270 E: dean@boardmarker.net Jim Taylor President and CEO T: 705 642 3265 extension 203 E: jtaylor@nordexexplosives.com SOURCE: Nordex Explosives Ltd. © 2014 Marketwire L.P. All rights reserved. |