Pason Systems Inc. Announces Twelve Month Capital Spending Plan

CALGARY, Aug. 8, 2011 /CNW/ -- 
CALGARY, Aug. 8, 2011 /CNW/ - The Board of Directors of Pason Systems
 Inc. ("Pason" or "the Company") today has approved a capital budget for
 the twelve month period to June 30, 2012 which is expected to amount to
 approximately $64 million of which 66% will be for new equipment, 27%
 for maintenance capital expenditures and 7% for capitalized R&D costs.


Having successfully completed trials for Pason's new gas analysis
 solution, the Company will be ramping up production of Pason Gas
 Analyzer starting in Q3 2011.  Approximately $19 million is allocated
 to this rollout.  An industry-first, the Pason Gas Analyzer provides
 on-demand, real-time compositional gas analysis of hydrocarbons and
 CO2.


Pason plans to start rolling out elements of an evolved rig site
 equipment portfolio starting in the first half of 2012.  Approximately
 $7 million is allocated to this rollout over the next 12 months. The
 evolved portfolio provides enhanced data acquisition and communications
 capabilities that unlock several revenue generating initiatives,
 reduces field support costs and supports R&D initiatives aimed at
 improving time to market for new features and functionality.


Pason recognizes that these plans may change if expected activity levels
 change.


Pason Systems Inc.
Pason Systems Inc. is a leading provider of instrumentation systems to
 land-based and offshore drilling rigs worldwide. The company's rental
 solutions, which include data acquisition, wellsite reporting, remote
 communications, and web-based information management, maximize rig
 uptime, improve work efficiency, and minimize operating costs. Pason's
 common shares trade on the Toronto Stock Exchange under the symbol PSI.


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p For more information about Pason Systems Inc., visit the company's  website at a href="http://www.pason.com"www.pason.com/a or contact:br/ br/  /p table cellspacing="0" valign="top" border="0" tr valign="top" td valign="top" align="left" bJim Hill /bbr/ Chairman, President, and CEO         br/ 403-301-3401br/ a href="mailto:[e-mail]"[e-mail]/a /td td valign="top" align="left" bDavid Elliott /bbr/ Chief Financial Officerbr/ 403-301-3441br/ a href="mailto:[e-mail]"[e-mail]/a /td /tr /table 

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