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Unico, Inc. Announces Purchase of Additional Transformers for Electrical Substation at the Deer Trail Mine
SAN DIEGO, CA, Mar 29, 2007 (MARKET WIRE via COMTEX) -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that the company has purchased two additional transformers as part of the new system that will supply electrical power to the mill and processing facility at the Deer Trail Mine in Marysvale, Utah.
The two additional transformers will reduce the voltage from the main transformer to power the equipment in the mill facilities and provide electricity for lighting, the on-site laboratory facility and the offices. Both transformers were purchased from West Coast Switch Gear, Inc. (www.westcoastswitchgear.com), a manufacturer and distributor of all levels of power distribution based in Cerritos, California.
The primary voltage of the main transformer is 46,000 volts and will be provided to the Deer Trail Mine from PacifiCorp, which operates in Utah as Rocky Mountain Power. The secondary voltage of 12,470/7,200 will be sent to the mill by direct burial cable.
The larger of the two transformers purchased from West Coast Switch Gear will reduce the 12,470 voltage to the 480 volts required to operate the mill. The other transformer will reduce the remaining power to 208 volts to power the lighting, the on-site laboratory facility and offices located at the Deer Trail Mine site. The availability of additional voltage allows for future expansion at the site, including extra power to operate mining activities as needed.
The two additional transformers will be installed close to the mill facility, where ground is currently being leveled for a concrete foundation. The site is expected to be ready in approximately two weeks and delivery of the two transformers is expected shortly thereafter.
"We are pleased to have acquired these two critical pieces of equipment, each of which will perform a very important function related to the flow of electrical power for the operation of the mill and production facility at the Deer Trail Mine," commented Mark A. Lopez, chief executive officer of Unico, Inc. "With the purchase of the main transformer and its expected near term delivery, followed by the purchase of these two additional transformers, we are looking forward to having the power requirements for the mill in place very soon."
The two additional generators were identified by BNA Consulting, Inc. (www.bnaconsulting.com), a major provider of electrical consulting services in Utah and surrounding states for 35 years. BNA has contracted with Deer Trail Mining Company, for a broad range of engineering services related to the construction of the substation. BNA's procurement services include assisting in locating the best quality electrical equipment possible, including starters and other required electrical components.
The design and completion of the new substation itself is expected to provide substantial cost savings as a result of lower energy costs and greater reliability, and the use of good quality equipment is expected to reduce equipment costs by approximately 40%.
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