Press release from Marketwire
Nordex Rebrands Underground Loader Systems as the Scorpion(s) and Realizes Return on Investment in 1st Quarter of 2014
Tuesday, April 15, 2014
Nordex Rebrands Underground Loader Systems as the Scorpion(s) and Realizes Return on Investment in 1st Quarter of 201409:00 EDT Tuesday, April 15, 2014
KIRKLAND LAKE, ONTARIO--(Marketwired - April 15, 2014) - NORDEX EXPLOSIVES LTD. ("Nordex" or the "Corporation") (TSX VENTURE:NXX) is pleased to announce the completion of the extensive development and positive field testing of the Scorpion Underground Loader Systems ("Scorpion"); a robotic arm bulk emulsion explosives loading system for use in underground mining operations. The Scorpion is a proprietary system designed, built and owned by Nordex that allows for a safer and more cost effective method of delivering exclusive Normite bulk emulsion products to the blast hole.
The Scorpion comes with a complete underground carrier, robotic loading arm and in-system camera so operators can maintain a safe distance from the rock face and blast area.
An extended period of field testing and objective comparisons to competitive units by Nordex and existing customers has demonstrated the superiority of the Scorpion. In particular, the results in up-hole loading applications using specially formulated Nordex emulsion products exceeded expectations. Nordex has invested considerable resources and dedicated over 18 months of ongoing development time to achieve these results.
The Scorpion became commercially viable in January and accordingly Nordex started to receive a return on investments from this project during the 1st quarter of 2014.
The Scorpion is compatible with the quality control philosophies of Nordex whereby all products are blended and mixed at the production facility and not out in the field. The Nordex philosophy was developed to guarantee the consistency and quality of its products.
This Scorpion Systems were designed and built with the assistance of the Kirkland Lake Community Development Corp and FEDNOR. Further information on the Scorpion can be viewed on the Corporation website at:
About Nordex Explosives
Nordex Explosives Ltd. is a Canadian based manufacturer and distributor of explosives for the mining, quarry and construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world's largest mining regions near Kirkland Lake, Ontario. Nordex is the exclusive supplier of the "Buttbuster" perimeter control explosive products in Canada. Additional information can be found at www.nordexexplosives.com.
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Capital Ideas IR
403 517 2270
Nordex Explosives Ltd.
President and CEO
705 642 3265 extension 203