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Nuvolt Corporation Announces the Launching of the Commercial Version of SMARTSCAN at the World AG Expo in Tulare, California on

^{Published on 2010-01-07 14:35:19 - Market Wire}
 

LEVIS, QUEBEC--(Marketwire - Jan. 7, 2010) - Nuvolt Corporation ("Nuvolt") (TSX VENTURE:NCO) today announces the launching of the commercial version of SMARTSCAN, its equipment monitoring system. Jacques Dion announces that Nuvolt is beginning the commercial distribution of SMARTSCAN, its flagship product, after more than three years of research and development activities and over $3 million in investments. SMARTSCAN will be officially launched in February at the World Ag Expo, the largest agricultural show in North America, and the first deliveries are planned for April/May.

In the words of Jacques Dion, President and Chief Executive Officer of Nuvolt, "the SMARTSCAN system will revolutionize electrical network and equipment monitoring. SMARTSCAN is a cutting edge product because it is able to predict an electrical failure and in so doing anticipate production shutdowns on industrial production lines and equipment breakdowns in various applications including commercial vessels, as well as risks of fire on commercial real estate properties. In addition, this system also protects both equipment and animals on livestock farms."

Moreover, Jacques Dion adds that: "SMARTSCAN is also revolutionary from the standpoint of its design. Indeed, it connects directly to circuit-breakers, continuously monitors the electric current, detects an electrical perturbation and analyzes it. By means of interfaces, it wirelessly transfers the information to an expert management software program. Finally, SMARTSCAN's price is also revolutionary, making it possible to offer a mass-market product".

Furthermore, Nuvolt also announces a distribution agreement with Navware Canada Inc., a company specializing in the distribution of equipment and product software programs designed for commercial vessels. Senior officers of Navware consider that SMARTSCAN offers a huge sales potential when it comes to preventive maintenance on the electrical network of vessels. In the words of Paul E. Barbeau, President of Navware: "The cost of maintaining on-board electrical equipment represents 20% of a vessel's total maintenance costs". According to Jacques Dion,"the sales potential associated with this 10-year agreement with Navware is on the order of several ten million dollars. The ability of SMARTSCAN to remotely transfer via satellite the results of the analysis of a vessel's electrical network is a major asset that Nuvolt and Navware intend to fully exploit".

About Nuvolt

Nuvolt has developed a specialized expertise in the management of electrical failures, power quality, the detection and neutralization of leakage current, as well as electrical network monitoring systems.

Nuvolt has devoted a great deal of energy to and has made major investments in the development of the SMARTSCAN project. The SMARTSCAN system is user friendly product that can be distributed by independent distributors active in specialized sectors including the farming, commercial and industrial sectors.

Certain statements contained in this press release constitute forward-looking information. Such statements are based on the current expectations of management. You are cautioned that such statements can be subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking information. The reader should not place undue reliance on the forward-looking information included in this press release given that (i) actual results could differ materially from a conclusion, forecast or projection in the forward-looking information, and (ii) certain material factors or assumptions were applied in drawing a conclusion or making a forecast or projection as reflected in the forward-looking information could prove to be inaccurate. These statements speak only as of the date they are made, and Nuvolt assumes no obligation to revise such statements as a result of any event, circumstance or otherwise, except in accordance with law. There is no guarantee that the private placement will be completed as mentioned in this press release or that its terms will not be varied.

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