Welcome To The Active Control Technology HUB On AGORACOM

We make wireless work.

Free
AGORACOM NEWS FLASH

BREAKING: TransCanna Receives State-Wide Operating License

  • Now owns largest known fully licensed cannabis facilities in California
  • Successfully granted a Type 11 'Distributor' license by the California Bureau of Cannabis Control for its 196,000 square foot Daly Avenue Facility
  • This long-anticipated milestone marks the completion of all state and local licenses required for the Company to begin operations at its flagship cannabis processing facility in Modesto, California

WATCH OUR INTERVIEW NOW!

Transcanna dark

Hub On AGORACOM / Read Release

 

Message: ACTIVEMINE NETWORK RECURRING REVENUES ESTABLISHED

ACTIVEMINE NETWORK RECURRING REVENUES ESTABLISHED

posted on Oct 06, 2009 01:11PM

ACTIVEMINE NETWORK RECURRING REVENUES ESTABLISHED

For immediate releaseTSX-V:ACT

ACTIVEMINE™ NETWORK RECURRING REVENUES ESTABLISHED

$250,000US of additional annual revenue estimated per mine

TORONTO, October 6, 2009 - Active Control Technology Inc. (TSX-V:ACT)today announced that several months after its first Room & Pillarcoal mine installation of the MSHA approved ActiveMine system, it hasnow established a baseline to forecast recurring expansion revenues inexcess of $250,000 annually at its first mine installation. This is anew mine and has an estimated life span of 25 years.

ActiveMine's wireless Wi-Fi mesh network equipment was granted finalUS Mine Safety and Health Administration (MSHA) approval in April 2009and the company's first MSHA-approved network was installed in May ofthis year. Subsequently, the customer has been ordering additionalnetwork Wi-Fi nodes as their network grows to accommodate miningadvancement.

"After several months of production scale hardening, our firstcustomer is confident in ActiveMine and has begun rolling out oursystem in their additional mines. We thank our customer for theirconfidence in us and we look forward to contributing to their successthrough providing ActiveMine's excellent voice quality, high-bandwidthdata capabilities and accurate tracking," said Steve Barrett, Presidentand CEO of Active Control.

Typically, using a single continuous mining machine, a coal mine‘face' can be advanced 300 or more feet per day across several entries.Coal mines have at least one active face, and some mines can haveseveral active faces being mined simultaneously. Our first customer isat present mining one active face, and an additional active face isanticipated to be brought on-stream in the future.

The Company has an order backlog of over $3 million and to date hasinstalled ActiveMine in three underground coal mines. ACT has nine coalmine customers and aggressively continues to market its solution.

For further discussion of ActiveMine's revenue model and nodeexpansion in particular, please refer to the company's AnnualInformation Form (‘AIF') which was recently filed at www.sedar.com.

About Active Control Technology

Active Control Technology is a mining services company specializingin advanced wireless productivity and safety systems. The company'sMSHA-approved ActiveMine system provides two-way wireless voicecommunication, real-time tracking of personnel and assets, and highbandwidth data applications such as streaming video and operationaldata from mining machinery, over a robust wireless Wi-Fi network.Located in Burlington, Ontario, Canada, Active Control trades publiclyon the TSX Venture Exchange under the symbol ACT. For more information,visit www.activecontrol.com.

- 30 -

------------------------------------------------------------------------------------------------------------------------------------------

For further information, contact:

Steve Barrett, President & CEO

Active Control Technology

Tel.: 905-635-3130

Email: [email protected]

------------------------------------------------------------------------------------------------------------------------------------------

Neither 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.

Cautionary Note Regarding Forward-Looking Statements: This pressrelease contains forward-looking statements that involve risks anduncertainties, which may cause actual results to differ materially fromthe 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 identifyforward-looking statements. Such statements reflect our current viewswith respect to future events and are subject to such risks anduncertainties. Many factors could cause our actual results to differmaterially from the statements made, including those factors discussedin filings made by us with the Canadian securities regulatoryauthorities. Should one or more of these risks and uncertainties, suchas changes in demand for and prices for the products of the Company orthe materials required to produce those products, labour relationsproblems, currency and interest rate fluctuations, increasedcompetition and general economic and market factors, occur or shouldassumptions underlying the forward looking statements prove incorrect,actual results may vary materially from those described herein asintended, planned, anticipated, or expected. We do not intend and donot assume any obligation to update these forward-looking statements,except as required by law. The reader is cautioned not to put unduereliance on such forward-looking statements.



Source: http://www.thenewswire.ca/archives?tnwarchive2=release_id%3D461

Share
New Message
Please login to post a reply