American Millennium Corp. to Monitor Additional Gas Compressors for Hanover Compressor Co.MOUNT DORA Mount Dora may refer to one of the following geographical locations:
American Millennium Corp. Inc. (AMCI AMCI Advanced Micro Controls Inc. AMCI Automotive Marketing Consultants, Inc. AMCI Air Mobility Command Instruction AMCI Associazione Italiana Medici Cattolici (Italian Association of Catholic Physicians) ) (Nasdaq OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :AMCI) announced Tuesday that Hanover Compressor Co. (NYSE NYSE See: New York Stock Exchange :HC) has accepted an AMCI proposal to provide satellite monitoring of 20 natural gas compressors installed on gas wells and pipeline stations. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Stephen F. Watwood, executive vice president of Business Development, AMCI has been monitoring two remote gas well compressors for Hanover since March 3 of this year. Current plans call for the installation of equipment to monitor an additional 18 compressors within 60 days at various sites selected by Hanover. The 18 compressors are being monitored for Chevron Corp., according to Hanover. Bruce R. Bacon, vice president of Engineering of AMCI noted that: "Each well or pipeline site is turnkey, stand alone, and uniquely programmable to the needs of the customer. In fact, the equipment installed on the two well compressors currently being monitored are solar powered with no need for on site power." Bacon stated that when a compressor shuts down or an alarm condition exists, the redundant features built into AMCI's notification process are designed to ensure that the well or pipeline site operator is notified. Every site being monitored has a subscriber communicator (SC) with its own e-mail address See Internet address. e-mail address - electronic mail address . Each SC can send and receive messages through the ORBCOMM satellite based data communications system. This enables the unit to call out for alarm events as well as receive polls for current status and commands to modify the system's program behavior. Alarm events are time-stamped and a history log is maintained at a password protected internet site supplied by AMCI and accessible to Hanover," he said. Shutdown alarms are sent directly to the AMCI monitoring center for immediate processing and the 24/7 service center calls all pre-defined pagers and/or phone numbers to notify the Hanover operatives responsible for that particular field asset. Hanover is a provider of full-service natural gas compression, contract natural gas handling service, fabrication fabrication (fab´rikā´sh n the construction or making of a restoration. , and equipment. Additionally, it is the largest operator of rental compression horsepower in the world with over 3,000 compressor units ranging from 26 to 8,000 horsepower. Hanover-Smith, Hanover's oil and gas production equipment division, is the second largest operation of its kind in the market for products such as separators, heaters, and dehydrators. Hanover operates sales and parts warehouses located throughout the U.S., Canada, South America, and Europe. AMCI is a licensed value-added reseller for ORBCOMM USA, L.P. which provides two-way monitoring, tracking, and messaging service through the world's first low-earth orbit satellite based data communications system. ORBCOMM is a partnership owned by Orbital Sciences Corp. (NYSE:ORB) and Teleglobe Inc. of Canada, (NYSE,TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). ,ME:TGO TGO Togo (ISO Country code) TGO Tarifverbund Ortenau GmbH (German) TGO The Great One (Wayne Gretzky) TGO Toxic Gas Ordinance TGO Total Gross Output ). Commenting on the agreement with Hanover, newly appointed AMCI President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Andrew F. Cauthen stated that: "We believe that satellite monitoring of remote oil and gas sites can be a leading edge technology tool capable of reducing overhead, increasing efficiency, and providing the petroleum industry with invaluable near real-time information that can be used to manage resources. We are confident that AMCI can provide a leadership role in implementing this technology throughout the petroleum industry." This press release contains forward-looking statements that involve risk and uncertainties that could cause the company's actual results and experience to differ materially from anticipated results and expectations expressed herein. In particular, AMCI's plans may be revised, and its actual results may differ materially from that indicated by its current plans. |
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