BAY CITY, Mich. & TORONTO, Sept. 27, 2004 (PRIMEZONE) -- Canada Sciax Corp (Pink Sheets:SCXC) today reported two more sales to BP Canada, a large oil and gas industry customer, for endoscope equipment used in the visual inspection of large reciprocating engines.
Sciax has had continuing success in this application field with the sale of swivel-prism Technoscopes from the company's partner Richard Wolf GmbH. Sciax has had an exclusive distribution arrangement with Wolf for the Canadian market for many years.
"We intend to pursue sales opportunities in the oil and gas industry on an expanding basis and our long term partnership with Richard Wolf is a very important component of our strategy," stated Ralph Manore, Vice President of Operations for Sciax. "The synergy between Richard Wolf endoscopes and the Sciax Wolf Pack in our defense markets is very strong and we expect to exploit industrial opportunities in similar ways."
Endoscopes, also called, borescopes, fiberscopes or videoprobes, are used in remote visual inspection applications by a variety of security and industrial users. In industry, endoscopes are used primarily by aerospace, oil and gas, manufacturing, and power generation companies. Endoscopes enable users to visually inspect hidden or inaccessible areas in circumstances where viewing with the unaided eye would be difficult or impossible. The opto-electronic technology used in industrial endoscopes is very similar to that of medical instruments which are increasingly employed in diagnostic procedures and minimally invasive surgery. Endoscopes have several security applications where they are useful in conducting contraband searches, covert surveillance, and physical security operations. Traditional industrial markets employ endoscopes in research and development, maintenance, and quality control environments.
The Wolf Pack, licensed to Sciax, is a highly modularized opto-electronic remote viewing system used by law enforcement and military personnel. The reconfigurable, multi-operational design of Wolf Pack makes the system ideal for many applications in physical security, drug and contraband interdiction, tactical response and protective security. Wolf Pack electronics and optical components are built to high standards of durability, allowing successful deployment in harsh conditions that would prohibit the use of many conventional imaging systems. Both defense and industrial versions of Wolf Pack can integrate Richard Wolf endoscopes as part of a total remote viewing solution.
About Sciax
Sciax is an emerging leader in defense imaging systems for law enforcement and military personnel engaged in counter-terrorism and other special security operations. Sciax America Inc. and Sciax Technology Inc. are wholly owned subsidiaries of Sciax Corp. (Pink Sheets:UGMI).
Sciax is the manufacturer of Wolf Pack under license from Eomax. Wolf Pack is the Company's tactical remote viewing system used by law enforcement and military organizations in North America and Europe. Customers include, military and law enforcement agencies of the US and German Governments, contraband interdiction units of Canada Customs, and LAPD-SWAT.
This release contains forward-looking statements with respect to the results of the operations and business of Sciax Technology Inc., Sciax America Inc. and Ugomedia Interactive Corp. that involve risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The Company intends that such statements about the Company's future expectations, including future revenues, and enforcement and defense imaging system earnings, and all other forward looking statements be subject to the "safe harbor" provision of the Private Securities Litigation Reform Act of 1995.