OLATHE, Kan., June 18, 2012 /PRNewswire/ -- Elecsys Corporation (NASDAQ: ESYS), a leading provider of innovative data acquisition systems, machine to machine (M2M) communication technology solutions, and custom electronic equipment for critical industrial applications worldwide, today announced the signing of a representation agreement with the Al Rushaid Group. Al Rushaid, based in Al Khobar, Kingdom of Saudi Arabia, will represent Elecsys and provide sales and service support for its diverse product offerings in Saudi Arabia, Kuwait, and Bahrain.
One of the largest industrial companies in the Kingdom of Saudi Arabia, the Al Rushaid Group is a multi-billion dollar (USD) commercial organization with business units in energy services, manufacturing, engineering, construction, advanced technologies, trading, and real estate. Founded in 1978, the Al Rushaid Group built its reputation by providing world-class products and services for the most challenging applications both in the region and around the globe. A provider of diverse products and specialized services, Al Rushaid is partnered with some of the world's top companies, such as Halliburton, Baker Hughes, Weatherford International, Dresser Industries, and Saipem International, to provide industry leading technology, products, and services throughout the Middle East.
Al Rushaid Technologies Company, the subsidiary of Al Rushaid that focuses on emerging and enabling technologies to support business and infrastructure development, will take the lead in building this partnership with Elecsys. Al Rushaid Technologies is focused on its four key areas of information technology, communications, alternative energy, and advanced solutions. Al Rushaid Technologies has developed numerous partnerships with global solution providers in areas such as cloud computing, business intelligence, mobility solutions, remote data collection, voice recognition, embedded sensors, and other advanced technologies. These advanced technologies are targeted to address many of the challenges facing the oil and gas production, petrochemical, power generation, water, mining, engineering, and construction industries today.
Karl Gemperli, President and Chief Executive Officer of Elecsys, commented, "We are very pleased to have the opportunity to partner with an organization with the capabilities, experience and reputation of the Al Rushaid Group. Although we have independently deployed pilot programs for multiple large customers in the Arabian Gulf region, we believe this partnership with Al Rushaid can accelerate our expansion into this key region of the world. The ruggedness and reliability of our products, including their ability to survive exposure to high temperatures, high pressures, and harsh chemicals, makes them ideal for deployment at well sites, pipelines, refineries, storage terminals, and other remote locations in the energy and infrastructure sectors. We anticipate that combining our technologies with the advanced capabilities of an excellent business partner such as Al Rushaid will yield many exciting opportunities to develop additional solutions for this rapidly growing market."
About Elecsys Corporation
Elecsys Corporation provides innovative data acquisition systems, machine to machine (M2M) communication technology solutions, and custom electronic equipment for critical industrial applications worldwide. The Company's primary markets include energy, agriculture, safety and security systems, water management, and transportation. Elecsys proprietary equipment and services encompass rugged remote monitoring, industrial data communication, mobile computing, and radio frequency identification (RFID) technologies that are deployed wherever high quality and reliability are essential. Elecsys develops, manufactures, and supports proprietary technology and products under its Pipeline Watchdog, CP Falcon, Director, Radix, eXtremeTAG, and DCI brand names. In addition to its proprietary products, Elecsys designs and manufactures rugged and reliable custom electronic assemblies and integrated liquid crystal displays to multiple original equipment manufacturers in a variety of industries worldwide. For more information, visit www.elecsyscorp.com.
Safe-Harbor Statement
The discussions set forth in this press release may contain forward-looking comments based on current expectations that involve a number of risks and uncertainties. Actual results could differ materially from those projected or suggested in the forward-looking comments. The difference could be caused by a number of factors, including, but not limited to the factors and conditions that are described in Elecsys Corporation's SEC filings, including the Form 10-K for the year ended April 30, 2011. The reader is cautioned that Elecsys Corporation does not have a policy of updating or revising forward-looking statements and thus he or she should not assume that silence by management of Elecsys Corporation over time means that actual events are bearing out as estimated in such forward-looking statements.
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Investor Relations Contact:
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Todd A. Daniels
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(913) 647-0158, Phone
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(913) 647-0132, Fax
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investorrelations@elecsyscorp.com
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SOURCE Elecsys Corporation