News - Augusta Delivers New Portable EFM System TORONTO, ONTARIO--(Marketwired - April 25, 2017) Augusta Industries Inc. (the "Corporation") (TSX VENTURE:AAO) is pleased to announce that its wholly owned subsidiary, Fox-Tek Canada Inc. ("Fox-Tek"), has successfully delivered its new lab electric field mapping ("EFM") technology to a nuclear facility in the United Kingdom. The Corporation previously announced in its press release dated January 17th, 2017 that it was awarded a contract to develop a laboratory version of its EFM technology to be used in a nuclear facility.
The new EFM Lab System is specifically designed for use in a research/experimental environment where a need for accurate material changes is required. Unlike Fox-Tek's standard EFM units that are fully autonomous, these new units will require a user to take readings. As such, a computer interface tool is being developed to ensure that the user is able to quickly configure the system for a particular application. Fox-Tek will continue to make its DMAT tools suite available to client's that might require more help to analyze their data.
"The new EFM units represents an exciting new opportunity for the Corporation as it will open new markets and create more opportunities for the Corporation's products and technology," stated Allen Lone, President of the Corporation. "The Corporation will continue to develop and engineer solutions to meet and exceed current industry requirements for continuous and/or periodic non-intrusive wall loss monitoring."