Additional PinPoint System Installed on High Consequence Pipeline - Sour Gas Pipeline with Pitting Corrosion Utilizes PinPoint

    TSX Venture Exchange symbol: FOX

    TORONTO, July 14 /CNW Telbec/ - Fiber Optic Systems Technology, Inc.
("FOX-TEK"), (TSX-V: FOX), a developer and manufacturer of patented
non-intrusive sensing systems, today announced the sale and installation of
another PinPoint Remote Monitoring Station (RMS) to an independent oil & gas
exploration, production and operating company. The system has been positioned
at a strategic location in a well established sour gas field to monitor
corrosion within a High Consequence Area. The PinPoint System, which utilizes
online monitoring and remote data access, allows the operating company to
safely maintain throughput and actively assess risk levels without disrupting
product flow.
    Mr. Sam Cauchi, Director of Sales for FOX-TEK said, "This particular sale
is important to FOX-TEK as one of our early fiber optic sensor clients has now
expanded our contract to include PinPoint for corrosion monitoring". He
continued, "This would not have been possible had FOX-TEK not established a
reputation synonymous with first-class service, support and valuable hard
results". This particular client in the past has utilized FOX-TEK's fiber
optic technology for monitoring pipeline deformation in
geotechnically-unstable locations, and now represents another company using
FOX-TEK's innovative PinPoint Sensor Sleeve with new Spring-Loaded Pin
technology.

    About FOX-TEK:

    Fiber Optic Systems Technology, Inc. "FOX-TEK" develops and sells
non-intrusive asset health monitoring sensor systems for the oil and gas
market to help operators: track the thinning of pipelines and refinery vessels
due to corrosion/erosion, monitor strain due to bending/buckling or soil
movement, check for leaks, and prevent unauthorized access.
    FOX-TEK has offices in Toronto, ON; Calgary, AB. FOX-TEK is traded on the
TSX Venture Exchange under the symbol "FOX". For more information, visit
www.fox-tek.com.

    This press release contains forward-looking statements based on
assumptions, uncertainties and management's best estimates of future events.
Actual results may differ materially from those currently anticipated.
Investors are cautioned that such forward-looking statements involve risks and
uncertainties. Important factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements
are detailed from time to time in FOX-TEK's periodic reports filed with the
Ontario Securities Commission and other regulatory authorities. FOX-TEK has no
intention or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this press release.

For further information: FOX-TEK Company contact: Sean Carr, President
and CFO, Fiber Optic Systems Technology Inc., (416) 665-2288,
scarr@fox-tek.com; Investor Relations contact: Renmark Financial
Communications Inc., Barry Mire: bmire@renmarkfinancial.com; Jason Roy:
jroy@renmarkfinancial.com, (514) 939-3989, (416) 644-2020;
www.renmarkfinancial.com