Augusta Industries CEO Allen Lone Discusses Fox-Tek Pipeline Corrosion Monitoring Technology on Midas Letter
(Thomson Reuters ONE) -
Augusta Industries Inc. (TSX.V:AAO) CEO Allen Lone joins Midas Letter Money host
James West for a discussion about the opportunities inherent in the company's
Fox-Tek unit. Fox-Tek builds, distributes and monitors pipeline corrosion
monitoring and mapping systems in use by major oil and gas clients such as
Enbridge Pipelines, (TSX:ENB) one of North America's largest one of North
America's largest liquids pipeline companies, for corrosion monitoring at
several locations of interest on some of its key US pipeline assets.
Fox-Tek is in the development stage and expects to grow its business
significantly as companies strive for lower costs through infrastructure asset
preservation and maintenance.
Click on the image (or copy and paste the link into your browser window) below
to watch the video in a new browser window:
http://www.midasletter.com/index.php/augusta-industries-ceo-allen-lone-
discusses-fox-tek-pipeline-corrosion-monitoring-technology/
The full transcript of the interview is available here:
http://www.midasletter.com/index.php/augusta-industries-ceo-allen-lone-
discusses-fox-tek-pipeline-corrosion-monitoring-technology/
About Augusta Industries Inc.
Through its wholly owned subsidiaries, Marcon International Inc. ("Marcon") and
FOX TEK Canada Inc. ("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.
About Midas Letter Money
Midas Letter Money is the show about commodities, energy, and natural resources
and the public companies who seek for and develop them. Hosted by James West and
distributed to 450,000 installed subscribers to the Thomson Reuters Insider
platform, the show is available at insider.thomsonreuters.com or at
http://www.midasletter.com
Contact: James West
midasletter(at)midasletter.com
http://www.midasletter.com
(416) 598-9181
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originality of the information contained therein.
Source: Midas Letter Portfolio Advisors AG via Thomson Reuters ONE
[HUG#1618206]
Unternehmensinformation / Kurzprofil:
Datum: 07.06.2012 - 19:00 Uhr
Sprache: Deutsch
News-ID 154115
Anzahl Zeichen: 3807
contact information:
Town:
Toronto, ON
Kategorie:
Business News
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"Augusta Industries CEO Allen Lone Discusses Fox-Tek Pipeline Corrosion Monitoring Technology on Midas Letter"
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