Canuc Announces MoU for IoT Equipment Distribution with M3SH Technologies

Toronto, Ontario--(Newsfile Corp. - June 16, 2020) - Canuc Resources Corporation (TSXV: CDA) ("Canuc" or the "Company") is pleased to announce that it has signed a Memorandum of Understanding (the "MoU") with M3SH Technologies ("M3SH") Inc.

The MoU enables M3SH manufactured devices to adopt IIoT technology enabling Canuc to distribute and sell purpose built technological solutions in accordance with the Company's agreement with Ioticiti Networks Inc. Under the MoU, M3SH shall contribute technology solutions enabling Canuc to facilitate applications with mining and extractive industry clients. Canuc and M3SH are working towards a definitive agreement.

About M3SH Technologies Inc.

M3SH Technologies Inc. is a privately held Canadian company based in Fredericton, New Brunswick with origins in South Africa. The affiliated, Ningi Manufacturing Pty (Ltd), is a leading South African technological solution provider to the mining, energy and industrial sectors.

M3SH technologies Inc. mining industry applications include:

  • Wearable worker safety, proximity detection and location monitoring devices.

  • Environmental monitoring.

  • Gas, noise, dust and fire detection devices and ambient temperature monitors.

  • Machine and equipment safety as well as automation control solutions.

  • Sensor rich devices for real time data, environmental condition and safety communication.

M3SH is an original equipment manufacturer developing new and innovative technology solutions which embrace the latest in digitization technology. M3SH draws from an established history in the South African mining and extractive industries and has more than 25 years of experience in manufacturing technology solutions for mining, energy and industry in southern Africa.

A robust portfolio of more than 40 proprietary, successfully produced and deployed technological solutions for the mining industry includes, amongst other products: the PDS level 9 intervention and access controller, the M3SH D52 Dust Monitor, the P50 Environmental Monitor and the S50 Smoke and Fire Detector.

"This MoU signals our intent to provide technological IoT solutions to the North American mining markets, and to facilitate the adoption and sales of IIoT products. Partnering with M3SH will help us to expand our IIoT offering in North America," stated Christopher Berlet, CEO of Canuc.

"M3SH strives to assist clients in gaining new levels of performance, while improving health, safety and wellness - making work easier, safer and more connected using the latest digital solutions. For M3SH this MoU marks a significant development in our ability to deploy our IIoT solutions while working with Canuc and using the Ioticiti Networks Inc. platform," stated Andre Jansen Van Rensburg, CEO of M3SH.

About Canuc

Canuc is a junior resource company holding the San Javier Silver-Gold Project in Sonora State, Mexico. The Company generates cash flow from natural gas production at its MidTex Energy Project in Central West Texas, USA where Canuc has an interest in eight producing gas wells and has rights for further in field developments. Canuc also has exclusive rights, through a Partnership Agreement with Ioticiti Networks Inc., to sell Industrial IoT applications and infrastructure in the Provinces of Alberta and Saskatchewan, Canada and in the State of Texas, USA.

For further information please contact:

Canuc Resources Corporation.
(416) 525 - 6869
cberlet@canucresources.ca

Forward Looking Information

This news release contains forward-looking information. All information, other than information of historical fact, constitute "forward-looking statements" and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.

When used in this news release, the words "estimate", "project", "anticipate", "expect", "intend", "believe", "hope", "may" and similar expressions, as well as "will", "shall" and other indications of future tense, are intended to identify forward-looking information. The forward-looking information is based on current expectations and applies only as of the date on which they were made. The factors that could cause actual results to differ materially from those indicated in such forward-looking information include, but are not limited to, the ability of the Corporation to fund the exploration expenditures required under the Agreement. Other factors such as uncertainties regarding government regulations could also affect the results. Other risks may be set out in the Corporation's annual financial statements, MD&A and other publicly filed documents.

The Corporation cautions that there can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, investors should not place undue reliance on forward-looking information. Except as required by law, the Corporation does not assume any obligation to release publicly any revisions to forward-looking information contained in this press release to reflect events or circumstances after the date hereof.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/57967

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