June 23, 2016 - 11:02 AM EDT
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Augusta Partners With TTK Canada

TORONTO, ONTARIO--(Marketwired - June 23, 2016) - Augusta Industries Inc. (the "Corporation") (TSX VENTURE:AAO) is pleased to announce that FOX-TEK Canada Inc. ("FOX-TEK"), the Corporation's wholly owned subsidiary, has partnered with TTK Canada ("TTK"). The objective of the partnership with TTK is to explore and develop opportunities and applications in the oil and gas sector incorporating THE Corporation's technology and products and TTK's novel leak detection cable that is fast responding, entirely reusable and insensitive to water.

Allen Lone, President and Chief Executive Officer of the Corporation, commented, "The partnership with TTK will greatly expand our existing non-intrusive technologies and will allow the company to offer a more vary offering of products and services. This will allow the Corporation to offer its clients a higher level of capabilities."

About TTK

TTK is a Liquid leak detection specialist and manufacturer that offers innovative products and tailored solutions for detecting hydrocarbon leaks, for both industrial and commercial applications. With a 25-year history and with offices in Europe, Canada, Middle East and Asia, we are at the forefront of designing, manufacturing and installing digital liquid leak detection equipment in risk areas of facilities around the world.

TTK's oil & gas division, R&D center and the manufacturing facilities are headquartered in the Paris region. Since it was established, the company has built its brand name on quality and innovation. All products are manufactured in France. TTK products hold a number of recognized international safety standards and specific approvals such as UL, TUV/GS, IEC, and ATEX.

The TTK brand is well-known in the water and acid leak market. Thanks to the advanced technology and the high reliability of its products, TTK has achieved a leadership position via numerous reference projects all over the world.

About the Corporation

Through its wholly owned subsidiaries, Marcon International Inc. ("Marcon") and Fox-Tek, the Corporation provides a variety of services and products to a number of clients.

Marcon is an industrial supply contractor servicing the energy sector and a number of US Government entities. Marcon's principal business is the sale and distribution of industrial parts and equipment (Electrical, mechanical and Instrumentation.) In addition to departments and agencies of the U.S. Government, Marcon's major clients include Saudi Arabia-Sabic Services (Refining and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum, Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and Burullus Gas Co.

FOX-TEK develops non-intrusive asset health monitoring sensor systems for the oil and gas market to help operators track the thinning of pipelines and refinery vessels due to corrosion/erosion, strain due to bending/buckling and process pressure and temperature. The Corporation's FT fiber optic sensor and corrosion monitoring systems allow cost-effective, 24/7 remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. Actual results may differ materially from those currently anticipated. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements are detailed from time to time in the Corporation's periodic reports filed with the Ontario Securities Commission and other regulatory authorities. The Corporation has no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 

Augusta Industries Inc.
Allen Lone
President, CEO
(905) 275-8111 Ext 226
[email protected]


Source: Marketwired (Canada) (June 23, 2016 - 11:02 AM EDT)

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