iPackets International Comments on iPMine's Value in Light of Recent Mining Disasters in the U.S. and China
iPackets International, Inc. ("iPackets")
(OTC: IPKL), a global developer and provider of a wide range of wireless
and communications solutions for selected enterprises including the mining
industry, announced today that recent fatal mining accidents in the U.S.
and the People's Republic of China highlight the importance of implementing
a mine-safety system such as iPackets' iPMine product.
These events clearly show the need for the iPMine product, which provides
the tools to assist search and rescue efforts and mitigate the human loss
and disruption of mining operations. "iPMine provides real-time location
information of miners and mining equipment," said Naiel Kanno, president
and CEO of iPackets. "This information will be most valuable in such
emergency cases to pinpoint the last known location of miners. This helps
focus rescue efforts in areas where the trapped miners would most probably
be and identify the type of rescue team to be dispatched."
"Wireless technology has had a great influence over our lives in the past
decade," added Ara Bedrossian, CTO of iPackets. "iPMine is an extension of
this technology into a noble cause to help save lives in the underground
mining industry. At iPackets, we have been able to incorporate the latest
wireless standards, embedded systems, and server technologies in an
integrated solution that can serve this cause."
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The segmented nature of the iPMine system provides higher probability of
communication up-time in case of explosions. The operational network
segment would be used to facilitate the search and rescue efforts while
ensuring the safety of the rescue teams through constant monitoring and
2-way communication.
"Over the past few years, iPackets has expended considerable efforts and
funds on engineering and developing the iPMine product," said Kouros
Goodarzi, iPackets' Vice President of Engineering. "Our future development
plans include a number of enhancements covering disaster prediction, hazard
management, and rescue dispatch."
About the Mining and Mine-Safety Industries in China
There are over 280,000 mining enterprises in China of which 80,000 are
state-owned. Mine-safety has been a major issue in the Chinese mining
industry. More than 6,000 miners died in accidents in China last year;
independent estimates say the real figure could be as high as 20,000. In
February 2005, the Chinese State Administration of Work Safety mandated
US$6.3 billion to be spent over the next three years to improve mine-safety
at all state-owned mines.
