SUNWEST DISTRIBUTION AGREEMENT SIGNED
VICTORIA, B.C., March 5, 1998 - ESI Environmental Sensors Inc. (the "Company" / "ESI") is pleased to announce that the Company has signed a distribution agreement to represent SUNWEST TECHNOLOGIES, INC. ("SUNWEST") in Canada. The Company will also work on a non-exclusive basis with SUNWEST to develop the American market.
American-based SUNWEST manufactures a family of Acoustic Doppler Current Profilers which are used to measure ocean current data at many levels simultaneously, in addition to monitoring a ship's speed relative to the sea floor while the ship is underway. The instruments are normally mounted on the ship's hull.
In other news, ESI announced today that the Company will meet with its Oil Well Water Sensor project team to review Second Phase test results on March 27th, at the Company's headquarters in Victoria. The meeting, originally set for March 6th, was delayed two weeks to allow new partner representatives to become familiar with the project. CS Resources Limited and Wascana Energy Inc., two of ESI's oil company partners, were each recently involved in corporate re-organizations, resulting in new personnel being appointed to the project team. Though the team meeting has been delayed, development work and product testing on the Oil Well Water Sensor is ongoing and on schedule.
The Oil Well Water Sensor is designed to measure the water content of an oil well's flow. Following the successful completion of a first round of tests, the model was sent to the Saskatchewan Research Council where further in-pipeline trials have been conducted to confirm the sensor's flow properties and responsiveness. A second model is undergoing further testing at ESI's facility in Victoria. The results of these tests will be reviewed at the meeting.
The Company currently has two Canadian oil company partners in this development project and management is currently negotiating further oil company partnerships. ESI will be the sole owner of the Oil Well Water Sensor with delivery of commercial units anticipated by the end of 1998
E.S.I. Environmental Sensors Inc. is an established environmental technology company based in Victoria, British Columbia. Since 1973, the Company has been involved in the manufacture, distribution, repair and calibration of marine environmental instruments; and more recently the development, manufacture and marketing of its MoistureúPoint„ line of instruments for the agricultural, forestry, mining and site remediation industries. E.S.I. has established distribution networks in North America, Europe, and Asia, with sales in over 30 countries.
On behalf of the Board of Directors:
Gail Gabel, Chief Executive Officer
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For More Information Please Contact:
Douglas Horne or Jill Brand
Tel: (604) 488-1111 Fax: (604) 488-1145,
e-mail: irinfo@istar.ca
INDUSTRY CONFERENCE UPDATE
VICTORIA, B.C., March 6, 1998 - E.S.I. Environmental Sensors Inc. (the "Company" / "ESI") is pleased to announce that the Company will be represented at three major industry conferences during the month of March.
President Gail Gabel and Mr. Derek Yates, who leads ESI's marine sales group, will be travelling to Brighton, England to attend Oceanology International 98, considered by many to be the world's best marine science and ocean technology conference. To be held March 10-13th, the conference will be attended by 6,000+ international marine scientists, ocean technologists and experts, with over 550 exhibitors demonstrating the latest products and 125 presentations scheduled to discuss new trends and industry developments.
While attending the conference, Ms Gabel and Mr. Yates will meet with senior management of Chelsea Instruments Ltd., Aanderaa Instruments and SUNWEST Technologies Inc., who are all exhibiting at the conference. ESI has distribution agreements with each of these companies.
Mr Boris Sawicky, Chief Operating Officer, and Mr. Michael Marek, M.Sc., will represent ESI at Globe 98 in Vancouver, March 18th - 20th . During the conference, Mr. Sawicky and Mr. Marek will demonstrate the MoistureúPoint„ line of instruments.
The Canadian Hydrographic Conference will be held in Victoria March 9th-12th. ESI will demonstrate its line of marine products, including Chelsea, Aanderaa, and SUNWEST and will introduce and feature the Ocean Data Equipment Corporations' Bathy-500 hydrographic survey instrument at an exhibit booth staffed by Diane MacPherson and David Bauer.
E.S.I. Environmental Sensors Inc. is an established environmental technology company based in Victoria, British Columbia. Since 1973, the Company has been involved in the manufacture, distribution, repair and calibration of marine environmental instruments; and more recently, the development, manufacture and marketing of its MoistureúPoint„ line of instruments for the agricultural, forestry, mining and site remediation industries. E.S.I. has distribution networks established in North America, Europe and Asia, and sales in over 30 countries.
E.S.I. Environmental Sensors Inc. shares are listed on the Vancouver Stock Exchange under the symbol "ENV".
On behalf of the Board of Directors:
Gail Gabel, Chief Executive Officer
The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
For More Information Please Contact:
Investor Relations
Douglas Horne or Jill Brand
Tel: (604) 488-1111 Fax: (604) 488-1145,
e-mail: irinfo@istar.ca |
