Wednesday February 28, 9:03 am Eastern Time
Press Release
DecisionLink to Introduce New Pipeline Leak Detection Concept at Pittcon 2001 in New Orleans
LAS VEGAS--(BUSINESS WIRE)--Feb. 28, 2001--DecisionLink Inc. (OTCBB:DLNK - news) announced that Dr. Devinder Saini, chief scientist of DecisionLink, will present a paper titled ``A Distributed Fiber Optic Sensor for Pipeline Leak Detection'' at the Pittsburgh Conference (Pittcon) on Wednesday, March 7, in New Orleans.
The paper details a revolutionary method of using DecisionLink's patented fiber-optic chemical sensors to give early warning of impending, large-scale, catastrophic leaks in pipelines transporting liquid hydrocarbons.
The Distributed Sensor (patent pending) will be buried adjacent to the entire length of a liquid-product pipeline. The Distributed Sensor has DecisionLink's patented chemically active elements spaced at the optimum distance from each other to provide early warning of impending failure.
The Distributed Sensor will be connected to the pipeline owner/ operator's control system using DecisionLink's global satellite communications network. By removing reliance on terrestrial communications infrastructure, the Distributed Sensor can be rapidly deployed in any area of the world. This network architecture allows the deployment of the Distributed Sensor in very remote and the most environmentally sensitive areas.
DecisionLink will begin commercialization of the technology during 2001 and will be aggressively pursuing a pipeline-industry joint- venture partner to commercialize the Distributed Sensor on a global basis.
Peter Lagergren, chief technology officer of DecisionLink, said: ``This is a very exciting time for DecisionLink with the public release of the research work that has been conducted to move our fiber-optic technology from small-scale environmental applications to what is potentially an enormous market for our sensors.
``The Distributed Sensor means that we will be able to attack the worldwide market of approximately 500,000 kilometers of liquid-product pipelines. The public disclosure of the Distributed Sensor is the first step in our long-term program of refocusing commercialization of our patented technologies into large-scale applications.
``There have been numerous environmentally disastrous pipeline leaks in all areas of the world during the last decade. There is a growing global awareness of the consequences of these catastrophes, and there is a building demand for early-warning systems that will signal the pipeline owner/operator when a liquid loss is occurring, hastening shutdowns and accurately reporting the location to allow rapid dispatch of repair and remediation personnel.''
Pittcon is one of the world's largest international instrumentation conferences. It features technical presentations on the most recent methods and research in biotechnology, environmental analysis, spectroscopy, etc. There are also many new-product demonstrations that permit visitors to see and touch the latest in existing analytical instrumentation.
DecisionLink's FCI Environmental Group has introduced small, low-cost sensor and communication products that use satellite communications and the Internet as the backbone for data transfer and control in the pipeline leak detection, aboveground storage tank monitoring, oil production, water quality monitoring and industrial wastewater compliance monitoring and control markets.
DecisionLink's Intrex Data Communications Group has developed a wide range of products for monitoring of propane and fuel oil tank levels, pipeline compressors, and many other multiuser remote asset monitoring applications for low-cost volume use of satellite communication pathways and the Internet. For more on DecisionLink, visit www.decisionlinkinc.com.
This release includes forward-looking statements relating to DecisionLink's operations that are based on management's and third parties' current expectations, estimates and projections. These statements include the system providing fail-safe solutions and customers realizing cost-saving benefits. These statements are not guarantees of future performance, and actual results could differ materially. These statements involve risks and uncertainties, including but not limited to DecisionLink's ability to market its services using the company's technologies throughout the world, the timely development and acceptance of new products, the ability to manufacture new products in commercial quantities at reasonable cost, the impact of competitive products and pricing, final promulgation and enforcement of regulations, the timely funding of customers' projects, the ability to generate sufficient working capital from operations and/or attract investment or place debt in sufficient amounts to fund the financial obligations of the company's business model, and other risks detailed from time to time in the company's Securities and Exchange Commission reports. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results over time.
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Contact:
Madison & Wall Worldwide, Longwood, Fla.
Scott A-B Gibson, 407/682-2001
scott@insidewallstreet.com
www.insidewallstreet.com
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