ST-LAMBERT, QC, June 22 /CNW/ - Roctest Ltd ("Roctest") (TSX: RTT), a leading designer and manufacturer of high-precision sensors, today announced that its subsidiary, Telemac SAS, has won a contract to supply and install instruments to monitor the structural integrity of a nuclear power plant being built in Europe. Telemac's monitoring system will provide unprecedented levels of real-time data on the condition of the concrete containment enclosing the nuclear reactor and the steel liner ensuring the leak-tightness of the concrete containment.
This nuclear power plant will be the world's first Generation III Evolutionary Pressurized Reactor (EPR(TM)), a new design intended to satisfy the need for nuclear power plants that are more competitive and safer while contributing to sustainable development. The project is expected to generate revenues of approximately 1.5 million (euro) (approximately CDN$2 million) for Roctest in 2010 and 2011.
"Nuclear power plants are an ideal application for our sensor technology due to the absolute imperative of ensuring the safety of the structure over a span of many decades. I believe a key factor in our selection for this contract was our unique ability to provide both conventional and fiber optic sensors," said François Cordeau, President and CEO, Roctest. "We are excited to be involved in this next generation of design at a time when nuclear power is increasingly being viewed worldwide as a viable and sustainable option."
Telemac's installation will include over 1,500 meters of distributed fiber optic sensors for the measurement of strain and temperature along the liner and over one hundred of long gauge fiber optic sensors for the measurement of strain at locations potentially prone to buckling. The Company also provides more than 500 conventional sensors, including vibrating wires strain gauges and load cells, pendulum systems, temperature and humidity sensors, rotary switching panels and complete central measurement units.
About Roctest Ltd
Roctest designs, manufactures and markets sensors and high-precision measuring instruments for civil engineering and energy, healthcare and industrial control applications in the industrial sector. The Company is recognized for its leading-edge technology, the quality of its technical expertise and its product development capabilities for challenging and demanding environments. Its products are mainly sold internationally. The shares of the Company are listed on the Toronto Stock Exchange under the symbol RTT. To reach Roctest Ltd via the worldwide web please visit www.roctest.com.
Caution concerning forward-looking statements
Except for historical information provided herein, this press release may contain information and statements of a forward looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events, and as such involve a number of risk factors. Such factors may include, without excluding other considerations, risks related to foreign exchange fluctuations, evolution in customer demand for the Company's products and services, the impact of price pressure from competitors and general market trends, economic and geopolitical changes. As a result, readers are advised that actual results may differ from expected results. The Company is not required to update or revise publicly its forward-looking statements, except as may be required under applicable law.
SOURCE ROCTEST LTD.
For further information: For further information: François Cordeau, President and Chief Executive Officer, Roctest Ltd., (450) 465-1113, (450) 465-1938 fax, Email: firstname.lastname@example.org; Jeff Codispodi, Investor Relations, The Equicom Group Inc., (416) 815-0700 x 261, (416) 815-0080 fax, Email: email@example.com