CALGARY, July 17, 2018 /CNW/ - Zedcor Energy Inc.
(the "Company" or "Zedcor") (TSXV: ZDC) is pleased to announce that
it has signed a Security Services Contract ("Contract") with a
Canadian-based pipeline company to provide exclusive security and
surveillance services for a pipeline replacement project.
This contract is worth approximately $4
million, over an undetermined period of time, wherein Zedcor
will provide; onsite security personnel, remote surveillance
monitoring using the new hybrid solar powered light towers equipped
with monitoring cameras, and other various pieces of rental
equipment as needed.
The light towers are equipped with high resolution surveillance
cameras which communicate directly with Zedcor's new security and
surveillance monitoring center that allows the Company to remotely
monitor the various pipeline constructions sites and communicate
with both the customer and law enforcement if required.
The lighting systems combine the latest in lithium ion battery
cells with high efficiency LED lighting, which together optimize
fuel consumption and power output while simultaneously reducing CO2
and particulate output by over 90% when compared to conventional
diesel light towers. The light towers provide the customer with the
financial benefits of lower operating costs as well as a smaller
carbon footprint when compared to tradition diesel light towers.
Zedcor's security and surveillance services are provided by
licensed professionals, most of whom are former police officers who
bring with them many years of knowledge and experience.
Dean Swanberg, Zedcor Chairman
& Interim CEO, stated "This contract for security services for
a major pipeline construction project is another significant step
forward in our revenue diversification strategy. While the
utilization and pricing of our oilfield rental business continues
to improve year over year, our ability to secure longer term rental
and service contracts in the infrastructure and construction space
provides the company with greater stability of
revenue."
Forward-Looking Statements and Information
Certain statements included or incorporated by reference in this
press release constitute forward-looking statements or
forward-looking information. Forward-looking statements or
information may contain statements with the words "anticipate",
"believe", "expect", "plan", "intend", "estimate", "propose",
"budget", "should", "project", "or similar words suggesting future
outcomes or expectations. Although the Company believes that the
expectations implied in such forward-looking statements or
information are reasonable, undue reliance should not be placed on
these forward-looking statements because the Company can give no
assurance that such statements will prove to be correct.
Forward-looking statements or information are based on current
expectations, estimates and projections that involve a number of
assumptions about the future and uncertainties. Although management
believes these assumptions are reasonable, there can be no
assurance that they will be proved to be correct, and actual
results will differ materially from those anticipated. For this
purpose, any statements herein that are not statements of
historical fact may be deemed to be forward-looking statements. The
forward-looking statements or information contained in this press
release are made as of the date hereof and the Company assumes no
obligation to update publicly or revise any forward-looking
statements or information, whether as a result of new contrary
information, future events or any other reason, unless it is
required by any applicable securities laws. The forward-looking
statements or information contained in this press release are
expressly qualified by this cautionary statement.
About Zedcor Energy Inc.
Zedcor Energy Inc. is a Canadian public corporation and parent
company to Zedcor Energy Services Corp. ("Zedcor"). Zedcor is
engaged in the rental of surface equipment and accommodations, and
providing security and surveillance services in Western Canada. The Company trades on the TSX
Venture Exchange under the symbol "ZDC".
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Zedcor Energy Inc.