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ESV

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Share Name Share Symbol Market Type
TSXV:ESV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

ESI Joins Forces with Dycor Technologies for Flo.Point(TM) Upgrade and Commercialization

08/11/2013 12:55pm

Marketwired Canada


E. S. I. Environmental Sensors Inc. ("ESI" or the "Company") (TSX VENTURE:ESV)
is pleased to announce that ESI and Dycor Technologies Ltd. ("Dycor") have
formally agreed to enter into a collaborative relationship for the second
generation development and commercialization of ESI's water cut sensor
technology, Flo.Point(TM). 


The Company's Flo.Point(TM) instrument was designed for the oil industry to
measure the volumetric presence of water produced during crude oil extraction
allowing for real time monitoring, data collection, characterization and
optimization of the production process. The information provided by the
Flo.Point(TM) sensor will allow oil producers to optimize production, resulting
in significantly reduced production costs, substantial environmental benefits,
optimized yields, and increased profits. 


As disclosed in the Company's press release of October 28, 2013, over the past
months the Company has been in discussions with potential partners on the
development of a unique second-generation Flo.Point(TM) device. As the first
result of these discussions, ESI and Dycor have just signed a formal agreement
to jointly develop the best available commercial water cut sensor solution in
the oil industry.


The development program will involve expertise based at ESI in conjunction with
Dycor's technology innovation strength and vast oil industry experience. It will
also include the co-operation of a significant lead customer in Canadian oil
production for testing and solution specification purposes. 


Edgar Semler, President and COO of Dycor, stated: 

"As a leader in supplying the Western Canadian oil industry with customized
solutions for data acquisition to maximize operations and production, we are
gratified to have identified the potential for ESI's technology to significantly
impact the industry's increasingly necessary focus on enhancing oil recovery and
streamlining production operations. We look forward to our close collaboration
with ESI in re-developing Flo.Point(TM) and taking this new product design to
market, meeting a real and present need which our clients have expressed."


"For ESI this agreement with Dycor and the launching of this development program
mark a new milestone in the Company's efforts to be a leading supplier of
intelligent and innovative environmental sensor solutions. Dycor's decision to
partner with ESI is a striking recognition of the proprietary value of ESI's
Flo.Point(TM) technology. We are confident this collaborative effort will result
in a comprehensive, intelligent and remarkably competitive customer solution
second to none", said Stephan Radermacher, Chairman of the Board of ESI.


ESI will announce shortly, further partners in and contributors to the
Flo.Point(TM) development project.


About Dycor

Established in 1981, primarily as a communications and data acquisition company
serving the oil and gas industry, Dycor has also emerged to be Canada's largest,
oldest and most experienced biological detection company. Dycor works with their
worldwide clients to define the client's precise needs, and to deliver the most
advanced, ready-to-deploy systems, services and expertise available in the
market today.


Throughout Dycor's 30 year-plus history they have constantly evolved to meet
present and emerging challenges without compromising their values, or those of
their clients. Dycor has emerged from their roots in the harsh oil field
environment and global biological defense programs to address today's issues by
developing oil field technical solutions, enhancing oil recovery methods,
enhancing security surveillance, enhancing disease, health and environmental
monitoring, as well as providing world class test and evaluation services. It is
Dycor's credo and conviction to be world leaders in assessment practices and
practitioners of technology based operations using best available solutions.
With offices in North America and Europe, Dycor provides proven flexible
solutions to customers in Europe, Asia and North America. For further
information on Dycor, please visit their website at: www.dycor.com.


About ESI

ESI is a leading manufacturer of patented and proprietary solutions for
environments where understanding the presence, movement, and/or amount of water
are important. Major market sectors include: agriculture, golf and turf,
scientific research, civil engineering and crude oil production. ESI solutions
have been successfully introduced into more than 40 countries to enable
customers to optimize their operations by monitoring the presence and movement
of water, managing irrigation systems, and monitoring the integrity of landfill
covers. The Company's Flo.Point(TM) instrument was designed for the oil industry
to measure the volumetric presence of water pumped during crude oil extraction
for characterization and optimization of the process. ESI differentiates itself
by translating the best technology and science available into practical, easy to
use solutions. Irrigation managers, Reservoir Engineers, and Scientists have
adopted ESI's products for their accuracy, ease of use, repeatability, and
ability to operate in challenging environments. ESI is publicly traded on the
TSX Venture Exchange under the symbol "ESV". Further information about ESI may
be obtained through the Company's website at www.esisensors.com. 


On behalf of the Company:

Bernard Beauchesne, Chief Operating Officer

FOR FURTHER INFORMATION PLEASE CONTACT: 
Investor Relations:
E.S.I. ENVIRONMENTAL SENSORS INC.
2071C Malaview Avenue West
Sidney, BC V8L 5X6
Tel: 250.655.3211 or 1-800.799.6324
Email: investor.relations@esica.com


Media Contact:
Bernard Beauchesne
Tel: 250.655.3211 or 1-800.799.6324
Email: bbeauchesne@esica.com
www.esica.com

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