Augusta Signs Non-Disclosure Agreement with FIBOS Augusta Signs Non-Disclosure Agreement
Toronto, Ontario--(Newsfile Corp. - July 21, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to
announce that its wholly owned subsidiary,"), FOX-TEK Canada Inc. ("FOX-TEK"), has entered into a non-disclosure agreement
("NDA") with Toronto-based FIBOS. The NDA will permit FOX-TEK and FIBOS to explore the possibility of mutually developing
advanced high precision optical strain acquisition systems.
"FIBOS' current components complements FOX-TEK's existing FBG technology and unlike many other similar technologies,
FIBOS brings a very high resolution, high frequency instrument that will enable FOX-TEK to consider new business
applications," stated Allen Lone, President and C.E.O. of the Corporation. "These applications would be in advanced research
and development, including aviation, aerospace and research facilities. The combination of FOX-TEK's 15 years of experience
and the advanced optical instrument that FIBOS has developed, will permit the company to move forward into new applications
that had not been considered beforehand."