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Gold/Mining/Energy : ZTEST ELECTRONICS ENCRYPTION AND REMOTE METERING -- Ignore unavailable to you. Want to Upgrade?


To: Adjuster who wrote (5)5/20/1998 10:15:00 AM
From: Adjuster  Read Replies (2) | Respond to of 8
 
Subject:
Stockwatch: ZTEST Electronics Inc - News Release
Date:
Wed, 20 May 1998 05:56:40 -0700
From:
newsout@canada-stockwatch.com
To:
adjuster@hawk.igs.net

$500,000 contract

ZTEST Electronics Inc ZTST
Shares issued May 19 close $1.40
Wed 20 May 98 News Release
Mr. Paul Davidson reports
ZTEST Electronics' strategic partner, Nexsys Commtech International of
Waterloo, Ontario, has begun the placement of manufacturing orders
necessary to start the first three initial pilot installations of Nexsys
Gateway System technology being installed in each of the following cities:
Waterloo, Ontario; Cornwall, Ontario; and Fort Wayne, U.S.A.
As per the terms of the ZTEST-Nexsys partnership agreement, ZTEST will
manufacture the required hardware for Nexsys. This initial contract is a
$500,000 purchase order for components required for these initial three
pilot installations.
The Nexsys MT2000 Automatic Meter Reader (AMR), which was originally
developed to electronically read electric meters and communicate directly
to the local utilities, has been expanded into a two way wireless system
that can monitor the utilities in a home (water, gas, electric) and become
the hub or gateway to transmit and receive information from smoke
detectors, carbon monoxide detectors, medical alert devices and security
systems.
The Nexsys Gateway System technology, as reported in Stockwatch October 29,
1997, allowed fire fighters to reach the scene within two and one-half
minutes after the smoke detector went off, which was more than four times
faster than in a simultaneously compared case without an automated fire
detection system in place.
In addition to its proprietary line of automatic test equipment, ZTEST
offers strategic partner services in electronic design, development and
manufacturing to emerging high tech companies in return for long-term
manufacturing contracts, fees for services and equity positions.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com