Agoracom: Small Cap Investment - Fiber Optic Systems Technology Inc. - Major Integrated Oil&Gas Company Installs Second PinPoint System in California

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Major Integrated Oil&Gas Company Installs Second PinPoint System in California

posted on Sep 23, 2009 08:38AM

Major Integrated Oil

TSX Venture Exchange symbol: FOX

TORONTO, Sept. 22 /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 sale and installation of another PinPoint system, this time at one of the largest refineries on the West Coast. This installation is this particular customer's second PinPoint system purchase.

The PinPoint system was installed during operation in a hazardous area at the refinery, on 700 degrees F process piping located on the side of a tower. While the first purchase by this customer was made to permit inspection of an inaccessible component in between maintenance shutdowns at another refinery, this installation was motivated by the need to monitor the effectiveness of a chemical designed to minimize naphthenic acid corrosion. Based on the severity of the corrosion data reported by the PinPoint system, the refiner will be able to make objective decisions regarding how much and what type of chemical needs to be added to the process. In addition, the data provided by FOX-TEK will assist the refinery in assessing the risk associated with processing particular types of crude.

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