Augusta Subsidiary FOX-TEK Receives First Order for its Leak Detection System
Toronto, Ontario--(Newsfile Corp. - April 3, 2018) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation"), a developer and marketer of patented non-intrusive sensing systems, is pleased to announce that its wholly owned subsidiary, FOX-TEK Canada Inc. ("FOX-TEK"), has received its first order for its novel leak detection system from an Alberta based engineering firm. In its desire to increase its market share in the smart sensing technology sector, FOX-TEK has developed a novel leak...
2018-04-03 10:00 AM EDT
Augusta Industries Subsidiary Paragon Blockchain Enters Into An MOU with One of the Worlds' First Big Data Enterprise Blockchain Application Developers
Toronto, Ontario--(Newsfile Corp. - March 8, 2018) - Augusta Industries Inc. (TSXV: AAO) (the "Company") is pleased to announce that pursuant to its press release of January 25th, in which the Company announced the creation of a wholly owned subsidiary (Paragon Blockchain Inc.) to commence the process of implementing Blockchain technology, Paragon Blockchain has entered into a Memorandum Of Understanding with an Undisclosed Blockchain Company (The "UBC") to advise and develop a new set of...
2018-03-08 8:00 AM EST
Augusta to Participate in Canadian Government Program
Toronto, Ontario--(Newsfile Corp. - March 5, 2018) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation"), a developer and marketer of patented non-intrusive sensing systems, is pleased to announce that its wholly-owned subsidiary, FOX-TEK Canada Inc. ("FOX-TEK"), has submitted a proposal to the Government of Canada, in the form of a letter of interest, for a project whose objective is to highlight clean technology research and development (R&D) and demonstration projects in Canada's...
2018-03-05 8:00 AM EST
Augusta to Implement Blockchain Technology
Toronto, Ontario--(Newsfile Corp. - January 25, 2018) - Augusta Industries Inc. (TSXV: AAO) (the "Company") is pleased to announce the creation of a wholly owned subsidiary to commence the process of implementing Blockchain technology. Blockchain serves as the next technological revolution for storing and sharing distributed data from multiple input sources. This will provide the Company with the capability to transfer any digital data between multiple participants in a secure and auditable...
2018-01-25 8:00 AM EST
Augusta Successfully Completes Proof-of-Concept Contract
Toronto, Ontario--(Newsfile Corp. - January 10, 2018) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation"), a developer and marketer of patented non-intrusive sensing systems, is pleased to announce that it has successfully completed a proof-of-concept test using the FIBOS Fiber Bragg Grating Technology. The proof-of-concept contract consisted of FIBOS engineers bonding a number of optical strain sensors to a test jig which was provided by the client. The purpose of the test was to...
2018-01-10 9:46 AM EST
Augusta Provides Sales Update
Toronto, Ontario--(Newsfile Corp. - January 3, 2018) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that it wholly owned subsidiary, Marcon International Inc. ("Marcon"), has entered into new agreements with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the agreement entered into was $297,432.98. The current backlog of orders, including these new contracts, is $1,842,857.64 as of...
2018-01-03 11:42 AM EST
Augusta Announces Results for the Third Quarter and Corporate Update
Toronto, Ontario--(Newsfile Corp. - November 30, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that it has released its financial results for the nine months ending September 30, 2017. For the three months ending September 30, 2017, the Corporation had revenues of $650,000 as compared to $1,479,000 during the three months ending September 30, 2016. Marcon group backlog sales as on the date of the MD&A is $1,988,000. Four of the backlog orders worth...
2017-11-30 9:02 AM EST
Augusta Through Its Sub FOX-TEK Receives a Contract for an Application in the Nuclear Space
Toronto, Ontario--(Newsfile Corp. - November 27, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation"), a developer and marketer of patented non-intrusive sensing systems, is pleased to announce that its wholly-owned subsidiary, FOX-TEK Canada Inc. ("Fox-Tek"), received a contract for phase one (a proof-of-concept application) in the Nuclear Space. For this application FOX-TEK will look at the use of its high precision Fiber Bragg Grating (FBG) acquisition equipment to measure very...
2017-11-27 12:07 PM EST
Augusta Announces Normal Course Issuer Bid
Toronto, Ontario--(Newsfile Corp. - November 14, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Company") would like to announce its intention to commence a normal course issuer bid ("NCIB") for up to 17,340,061 common shares ("Shares"), representing up to 10% of the Company's public float.Purchases will be by way of open market purchases through the facilities of the TSX Venture Exchange (the "Exchange") and the Company will pay the market price of the Shares at the time of acquisition....
2017-11-14 11:48 AM EST
Augusta Directors and Officers Sign a Lock-up Agreement
Toronto, Ontario--(Newsfile Corp. - November 9, 2017) - Further to its press release of September 28, 2017, Augusta Industries Inc. (TSXV: AAO) (the "Company") would like to announce that the directors and officers of the Company, holding an aggregate of 83,454,264 common shares (the "Shares") in the capital of the Company, have entered into a lock-up agreement where they have agreed to vote the Shares in support of the spin-off of FOX-TEK Canada Inc."The Company continues to work with its...
2017-11-09 11:36 AM EST
Augusta Provides Operational Update and Enters into Debt for Equity Conversion
Toronto, Ontario--(Newsfile Corp. - October 16, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Company") would like to provide an operational update from its Vice President, Operations, Thierry Cherpillod.While 2017 has been a difficult year to date for the oil and gas industry, the Company's wholly owned subsidiary, FOX-TEK Canada Inc. ("FOX-TEK"), has been able to generate new applications for its existing technologies and services. In addition to these new offerings, FOX-TEK has also...
2017-10-16 8:30 AM EDT
Augusta Updates India Trip
Toronto, Ontario--(Newsfile Corp. - October 3, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that its Vice President of Operations, Mr. Thierry Cherpillod, has returned from a two week trip to India where he held several meetings with the Corporation's Indian representative Aditya International Co. ("Aditya") and several other companies introduced to the Corporation by Aditya. While in India, a number of meetings had been pre-arranged by our...
2017-10-03 9:15 AM EDT
Augusta Subsidiary, Marcon Announces New contracts with an Aggregate Value of $694,295.00
Toronto, Ontario--(Newsfile Corp. - October 2, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that its wholly owned subsidiary, Marcon International Inc. ("Marcon"), has been awarded contracts with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the new contracts entered into in September is $694,295.00. The current pipeline of orders, including these new contracts, is...
2017-10-02 8:45 AM EDT
IIROC Trade Resumption - Augusta Industries Inc.
Vancouver, British Columbia--(Newsfile Corp. - September 28, 2017) - Trading resumes in: Company: Augusta Industries Inc.
2017-09-28 1:55 PM EDT
Augusta Industries Announces Proposed Spin-Out Transaction
Toronto, Ontario--(Newsfile Corp. - September 28, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that it has entered into an amalgamation agreement dated September 27, 2017 (the "Agreement") with Sensor Technologies Inc. ("Sensor"), Pursuant to the Agreement, Sensor has agreed to purchase all of the issued and outstanding securities (the "Spin-Out Transaction") in the capital of Fox-Tek Canada Inc. ("Fox-Tek") for an aggregate purchase price of $25...
2017-09-28 1:45 PM EDT
IIROC Trade Halt - Augusta Industries Inc.
Vancouver, British Columbia--(Newsfile Corp. - September 28, 2017) - The following issues have been halted by IIROC: Company:
2017-09-28 12:21 PM EDT
Augusta Subsidiary, Marcon Announces New Contracts
Toronto, Ontario--(Newsfile Corp. - September 7, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that its wholly owned subsidiary, Marcon International Inc. ("Marcon"), has been awarded contracts with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the new contracts entered into in August is $782,703.00. The current pipeline of orders, including these new contracts, is...
2017-09-07 8:30 AM EDT
Augusta's Subsidiary Fox-Tek Canada Inc. is Highlighted on the Enbridge Website
Toronto, Ontario--(Newsfile Corp. - September 5, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that Enbridge Inc. ("Enbridge") has published on its website a complimentary article on the Corporation that highlights its technology and capabilities and benefits to Enbridge. The article can be found by following the link provided below and the Corporation has taken the liberty to republish the article below."We are honored and pleased that Enbridge has...
2017-09-05 9:55 AM EDT
Augusta Industries Signs an NDA with Natural Resources Canada and a Term Loan Agreement with the Business Development Bank
Toronto, Ontario--(Newsfile Corp. - August 28, 2017) - Augusta Industries Inc. (TSXV: AAO) is pleased to announce that a two-way non-disclosure agreement (NDA) was signed between Natural Resources Canada's CanmetMATERIALS research laboratory and FOX TEK Canada Inc., a wholly owned subsidiary of Augusta Industries Inc. The NDA will permit FOX-TEK and CanmetMATERIALS to evaluate and explore confidential information relating to pipeline leak detection technology in order take the next step...
2017-08-28 2:21 PM EDT
Augusta Announces Results for the Second Quarter and Provides Corporate Update
Toronto, Ontario--(Newsfile Corp. - August 28, 2017) - Augusta Industries Inc. (TSXV: AAO) (the "Corporation") is pleased to announce that it has released its financial results for the six months ending June 30, 2017. For the three months ending June 30, 2017, the Corporation had revenues of $697,000, a decrease of $110,000 or 14% as compared to the three months ending June 30, 2016. Gross margins for the three months ending June 30, 2017 was 35% ( $244,000 ) compared...
2017-08-28 7:45 AM EDT