BADGER DAYLIGHTING ANNOUNCES STRATEGIC ACQUISITION
RED DEER, AB, May 19 /CNW/ - Badger Daylighting Inc. (''Badger'' or the
''Corporation'') announced today that it has acquired 51% of the common shares
of Baseline Technologies, Inc. (''Baseline''), a privately held Edmonton,
Alberta-based company. The specific financial terms of the agreement were not
disclosed.
Baseline has developed the Pipeline Information Control (''PIC'') System,
a complete pipeline data information management system designed for use in the
field or office. The PIC System provides for effective access, collection and
management of new and existing pipeline data, and integrates this information
with diverse data sets such as In-line Inspection data, Global Positioning
System data, Geographic Information System data, and the Canadian Energy
Pipeline Association and Integrated Spatial Analysis Techniques databases.
The PIC System is the first pipeline information management system capable of
integrating and synthesizing these data sets, and has demonstrated the ability
to substantially reduce maintenance and integrity costs for pipeline
owners/operators. During field use, the PIC System has reduced pipeline
integrity costs as much as 20% for client companies.
Ken Rose, President & CEO of Badger, commented, ''Acquiring control of
Baseline's PIC System further extends the Corporation's vertically integrated
suite of services and is consistent with Badger's focus on high technology
products and services for the pipeline and utility sectors. Badger can now
offer our customers the ability to effectively access, integrate, and manage
all pipeline-related data in the field or office. Use of the PIC System in
large pipeline integrity projects has demonstrated substantial reductions in
project costs and provides for the efficient management of data acquisition
during pipeline construction programs. The PIC System is highly complementary
with Badger's hydrovacing, shoring and pipeline construction services and
enables the Corporation to offer our customers the convenience of 'one stop
shopping' at a competitive price. This acquisition provides Badger with
substantial competitive advantages in both the Canadian and international
markets and is expected to contribute to additional revenue and earnings
growth in fiscal 1998.''
Badger Daylighting Inc. is a Red Deer, Alberta-based vertically
integrated industrial technology company providing various services and
equipment to the oil and gas, pipeline and utilities industries. The
Corporation specializes in ''daylighting'' underground structures and
trenching using a patented hydrovacing process that is safer than typical
excavation systems. ''Daylighting'' is a term used in the industry to describe
the removal of the soil cover to allow visual observation of an underground
structure. A hydrovac excavating system is one which simultaneously uses
water under high pressure to remove soil cover and a vacuum system to suck up
the debris. In addition to hydrovac services, Badger provides a complementary
suite of products to it's customers including small inch pipeline-facilities
and construction, pipeline anomaly locating, line locating, shoring,
environmental services and designing and manufacturing industrial equipment.
The Toronto Stock Exchange has neither approved nor disapproved the
contents of this press release.
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For further information: Ken Rose, President and CEO or Brian Anderson,
Vice President, Corporate Development, (403) 343-0303, Facsimile: (403)
343-0401
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