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Message: fox-tek annouces purchase of Two systems by a large Saudi based Oil Company

fox-tek annouces purchase of Two systems by a large Saudi based Oil Company

posted on Aug 26, 2009 09:22AM

TSX Venture Exchange symbol: FOX

TORONTO, Aug. 26 /CNW Telbec/ - Fiber Optic Systems Technology, Inc. ("FOX-TEK"), (TSX-V: FOX), a developer and manufacturer of patented non-intrusive sensing systems, today announced the completion of a client-training program for PinPoint system installation and DMAT software use, along with a purchase order for two PinPoint EFM systems. The two systems are due to be shipped before the end of Q3, pending completion of the required customs and shipping documentation.

The seven day course for end-user installation of PinPoint systems and application of the associated DMAT software was provided to an employee of the Saudi Arabian Oil Company and a staff member of our regional distribution partner, Zamil Group, a Saudi Arabian-based supplier of industrial, commercial and consumer solutions and services. The purpose of the training was to provide our end user and the distributor with the knowledge required to completely install, utilize and interpret the data for the two systems, and future potential systems, independent of FOX-TEK.

This order represents two important milestones:

<< - The initial sale of PinPoint EFM systems in the Middle East, and - The first training course offered by FOX-TEK that provides third-parties with the knowledge required to install and configure systems independent of FOX-TEK. >>

"This last milestone becomes increasingly important as repeat orders for multiple systems are placed by existing clients", said Sean Carr, President & CFO.

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