Posted by: roach4091
In reply to: None
Date:5/31/2006 8:40:44 AM
Post #of 5342
News yesterday after close!
iPackets International Successfully Demonstrates Its Mine-Safety Technology to China's Seventh-Largest Coal Mining Operation
Tuesday May 30, 4:15 pm ET
VANCOUVER, BC--(MARKET WIRE)--May 30, 2006 -- iPackets International, Inc. ("iPackets") (Other OTC:IPKL.PK - News), a global developer and provider of a wide range of wireless and communications solutions for selected enterprises including the mining industry, announced today that the company's CEO and a technical team comprised of iPackets' vice president of engineering, Chief Technology Officer, and two software engineers have completed a six-day trip to China and successfully demonstrated the iPMine mine-safety solution to the state-owned Shanxi Jincheng Anthracite Coal Mining Group ("Jincheng"), the seventh largest coal mining operation in China with over 50,000 employees.
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The iPackets team was welcomed by Jincheng's chairman and president, a number of senior vice presidents, and directors. The iPMine demonstration was conducted at 540 feet (165 meters) below ground in one of Jincheng's six large-scale mines, the Phoenix mine, located in Jincheng city, Shanxi province with approximately 6,000 miners. The demonstration was attended by the Phoenix mine president, senior vice presidents, safety managers, and a number of technical staff representing various departments.
The trip and onsite demonstration were hosted by Shanghai Sendy Automation Technologies ("Sendy"), a subsidiary of Jincheng with which iPackets has been in discussion for several months. iPackets and Sendy are exploring several proposals to closely work together in penetrating the Chinese mine-safety market, including the possible creation of a joint venture between the two companies.
"We were very successful in presenting the high quality and usefulness of iPMine; we were also overwhelmed by the interest we saw," said Kouros Goodarzi, vice president of Engineering at iPackets. "To date, the best safety solution available to the mining group has been a head count of who enters the mine -- trivial compared to the diverse set of features provided through iPMine."
"The combination of technical savvy and marketing expertise in the government-owned sector of the Chinese coal industry makes Sendy the perfect partner for iPackets," added Naiel Kanno, president and CEO of iPackets. "Sendy is well positioned to help expand our market penetration considerably, and we look forward to leveraging their network and experience to quickly begin the implementation of our iPMine solution throughout China."
About the Mining and Mine Safety Industries in China
China comprises more than 280,000 mining enterprises, of which 80,000 are state-owned. In February 2005, the Chinese State Administration of Work Safety mandated US$6.3 billion to be spent over the subsequent three years to improve mine safety at all state-owned mines. The Chinese government also is offering all mining enterprises, whether state-owned or privately-owned, a 15 percent tax credit incentive to upgrade mine safety technologies. Mine safety has been a major issue in the Chinese mining industry, with more than 6,000 miners killed in mining-related accidents in China last year; independent estimates say the real figure could be as high as 20,000.
About Shanxi Jincheng Anthracite Coal Mining Group
The Shanxi Jincheng Anthracite Coal Mining Group ("Jincheng") is one of 13 state-owned, large-scale coal operations in China, ranking seventh in terms of production output. The parent of 22 subsidiaries employing over 50,000 people, Jincheng operates six large-scale mines and in 2005, its raw coal output was 30 million tons with revenues of $US2.2 billion. For more information, please visit www.jccoal.com (Chinese language only).
About Shanghai Sendy Automation Technologies
Shanghai Sendy Automation Technologies ("Sendy") specializes in the research and development of automation and electrical systems for the mining industry in China. Majority owned by the Shanxi Jincheng Anthracite Coal Mining Group, Sendy is headquartered in Shanghai, and maintains an ISO9001 manufacturing facility in the KunShan Development Zone in the province of JiangShu. For more information, please visit www.shsendy.com (Chinese language only).
About iPMine
iPMine is a real-time two-way wireless communications solution designed to significantly improve the safety of miners and equipment in virtually any size mine. iPMine tracks, monitors, and communicates with miners and equipment underground and above ground. Location information of both miners and equipment is collected and displayed live on one or more monitoring stations against a background of a mine's terrain map. iPMine's scalability and flexibility features make it ideal to be deployed in any size mine supporting multiple levels and/or sites. iPMine's redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment.
About iPackets International, Inc.
iPackets International is a global developer and provider of a wide range of wireless and communications solutions for selected enterprises, including mine-safety. iPackets' solutions utilize a breakthrough wireless technology to manage data packets reliably and efficiently over any wireless network and virtually on any wireless device. For more information, please visit www.ipackets.com.
JMHRO!!
Roaches survive!
