OLATHE, Kan., May 3– Elecsys Corporation (Nasdaq: ESYS), a developer of machine to machine (M2M) data acquisition, telemetry, and analysis systems for critical industries, today announced the appointment of Gulf Energy Solutions Corporation (GESCORP) to become a distribution partner for its mobile computing and asset management products. GESCORP, headquartered in Jubail Industrial City, Kingdom of Saudi Arabia, will sell and support Elecsys products throughout the Gulf Cooperation Council countries, which include Saudi Arabia, Kuwait, Bahrain, Qatar, Oman, and the United Arab Emirates. Elecsys will be exhibiting all of its product lines at the Middle East Corrosion Management Conference 2010 to be held in Bahrain at the end of this month.
In addition to selling and supporting the Company’s Radix and eXtremeTAG product lines, GESCORP will be working with Elecsys to develop custom system solutions for industrial customers in the region. The Radix products consist of the FW950 and FW500 rugged handheld computers, peripheral devices and data management software systems. The eXtremeTAG products make use of unique, patented radio frequency identification (RFID) technology that enables reliable operation in harsh environments, such as those found in multiple heavy process industries.
Mike Reed, Executive Vice-president at Elecsys commented, “Radix products are ideal for use in field asset inspection, maintenance, and logistics applications. The units are highly configurable to meet specialized customer requirements and are designed for applications where ruggedness and reliability are paramount. Our eXtremeTAGs survive exposure to high temperatures, high pressures, and harsh chemicals which makes them ideal for oil and gas pipelines, onshore and offshore wells, refineries, and terminals.”
Karl Gemperli, president and chief executive officer of Elecsys, added, “The ruggedness and reliability of the Radix and eXtremeTAG products make them a perfect match for applications in the energy production industry in the Persian Gulf region. We are excited about our expansion into this key market and believe that GESCORP will be an excellent business partner throughout this region.”
About Elecsys Corporation
Elecsys Corporation provides innovative machine to machine (M2M) communication technology solutions for critical industrial applications worldwide. Elecsys proprietary equipment and services encompass rugged wireless remote monitoring, mobile computing, and radio frequency identification (RFID) technologies that are deployed wherever high quality and reliability are essential. Elecsys also provides integrated displays and custom electronic assemblies to numerous industries worldwide. Its primary markets include energy production and distribution, agriculture, natural resource management, aerospace, safety and security systems, and transportation. Elecsys markets and supports its proprietary technology and products under its Pipeline Watchdog, Radix, eXtremeTAG, and DCI brand names. For more information, visit www.elecsyscorp.com.
Safe-Harbor Statement
The discussions set forth in this press release may contain forward-looking comments based on current expectations that involve a number of risks and uncertainties. Actual results could differ materially from those projected or suggested in the forward-looking comments. The difference could be caused by a number of factors, including, but not limited to the factors and conditions that are described in Elecsys Corporation’s SEC filings, including the Form 10-K for the year ended April 30, 2009. The reader is cautioned that Elecsys Corporation does not have a policy of updating or revising forward-looking statements and thus he or she should not assume that silence by management of Elecsys Corporation over time means that actual events are bearing out as estimated in such forward-looking statements.
