UNIREX Announces Strategic Alliance with FEDD Systems; Sets Base for Major Ramp-Up of Revenue Servicing the Petrochemical Industry.Business Editors HUNTSVILLE, Alabama--(BUSINESS WIRE)--July 30, 2001 John Cason, President of UNIREX Corporation (CDNX CDNX See Canadian Venture Exchange (CDNX). :URX URX Under Road Crossing (British Railway) .), announced today the signing of an exclusive business alliance with FEDD FEDD Feasible Earliest Due Date FEDD Family of Electronic Deceptive Devices FEDD For Early Domestic Dissemination FEDD Fédération Européenne de Discothèques et de Dancings (French: European Federation of Discotheques and Dance Halls) Systems, Inc., of Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation). Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the , one of the nation's leading process and fluid-monitoring companies providing wireless technology. The five-year alliance enables both companies to employ the leading-edge technology of the other company in providing state-of-the-art fluid and process monitoring and reporting systems for major industries. In so doing, the agreement opens both firms to opportunities worth several million dollars annually through enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; . To initiate the alliance, UNIREX is immediately deploying its Web-enabled UniPoll(TM) reporting solution at 25 FEDD existing monitoring stations to demonstrate efficiencies to existing FEDD customers. Both companies anticipate the UniPoll solution to be operating at approximately 2,000 FEDD wireless monitoring stations by year-end. These UniPoll applications generate substantial on-going monthly revenue for UNIREX while enabling FEDD Systems to provide the best service in reporting fluid inventories, usage rates, temperatures, pressure and other supply chain and process control information directly to managers. Mr. Cason said, "This strategic alliance is a win-win for both our firms and our customers. UNIREX can also now offer the spread spectrum wireless monitoring system and other patented technologies developed by FEDD Systems, greatly streamlining our own fluid and process monitoring services The general surveillance of known air traffic movements by reference to a radar scope presentation or other means, for the purpose of passing advisory information concerning conflicting traffic or providing navigational assistance. . "In addition, this agreement puts us squarely square·ly adv. 1. Mathematics At right angles: sawed the beam squarely. 2. In a square shape. 3. in the business of serving the petrochemical petrochemical, any one of a large group of chemicals derived from a component of petroleum or natural gas. The cracking processes for manufacturing gasoline produce vast quantities of gaseous hydrocarbons. , refinery and other continuous process industries with on-going services to major international oil companies. Assuming smooth operations here, we would expect to add US$3 to US$5 million in revenues annually under this Agreement. Furthermore, based on the synergy The enhanced result of two or more people, groups or organizations working together. In other words, one and one equals three! It comes from the Greek "synergia," which means joint work and cooperative action. between UNIREX and FEDD, we expect that FEDD Systems will experience similar revenue growth." As part of the agreement, FEDD will exclusively employ the UniPoll solution for FEDD customers where the Internet data delivery of information provides the preferred solution. In addition, UNIREX will exclusively employ the FEDD spread spectrum wireless system for UNIREX customers where the wireless FEDD systems hardware provides the preferred solution. UNIREX Corporation is a public company providing software engineering for client server and Internet-based software solutions and Internet data delivery for e-business applications in fluids maintenance monitoring, process control and supply chain event management. Using UniPoll-patented technologies, UNIREX installs and maintains remote data acquisition systems, providing Internet data service to managers in the chemical process industry, the fuels and lubricants lubricants preparations for the lubrication of passages to reduce frictional injury, e.g. oily preparations, including petroleum jelly, lanolin or water-soluble preparations such as methyl cellulose. distribution industry and bulk storage terminals. In addition, UNIREX has existing requirements for products and services provided by FEDD as part of its core business in providing the UniPoll Total Solution. FEDD Systems, Inc., is a private company providing wireless data acquisition, monitoring, reporting and systems control. Using FEDD-patented technologies, FEDD engineers customize advanced solutions achieved at a dramatically lower cost than conventional hardwired or licensed wireless systems. In addition, FEDD Systems has existing requirements for software products and services provided by UNIREX that are identified as the UniPoll Internet Solution. Some of the statements contained in this News Release contain forward-looking information, which involves inherent risk and uncertainty affecting the business of the Company. Actual results may differ materially from those currently anticipated in such statements. The Canadian Venture Exchange The Canadian Venture Exchange (CDNX) is now a defunct stock exchange having been acquired by the TSX Group in 2001 and renamed the TSX Venture Exchange. History of the Canadian Venture Exchange (CDNX) has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. |
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