iPackets International Receives US$85,000 Down Payment for Its First iPMine Deployment in China
(PressMethod) - 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, is pleased to announce the receipt of US$85,000 down payment for its first iPMine deployment in the People's Republic of China from its exclusive Chinese distributor iPackets International (China) Inc. ("iPackets-China").
Under the terms of the contract, iPackets-China will take delivery of the iPMine system in 1Q'06 and commence deployment shortly after. The deployment will be in one of five coal mines in the province of Inner Mongolia. iPackets-China is confident that it will outfit the remaining four mines with the iPMine system.
"This first contract confirms iPackets-China's commitment to promote the iPMine system," said Naiel Kanno, president and CEO of iPackets. "It's also a vote of confidence in our technology that tells industry-watchers that iPackets' iPMine is a must-have product to significantly improve mine-safety."
iPMine, iPackets' flagship product targeting the mine-safety industry, is a real-time 2-way wireless communications solution to track, monitor, and communicate with miners and equipment underground and above ground. The location information of the miners and equipment is collected and displayed live on one or more viewing monitoring stations against a background of the mine's terrain map. iPMine's scalability and flexibility features make it ideal to be deployed in any mine size supporting multiple levels and/or sites. iPMine's redundant communications feature makes the system highly reliable to efficiently operate in the harsh mining environment.
