FOX-TEK Presence in Russia Expands with Major Pipeline Fabricator

Fiber Optic Systems Technology, Inc. ("FOX-TEK"), (TSX-V: FOX), announced its technology has been selected to monitor a pilot project for a major new undersea pipeline that will deliver natural gas from Russia.

FOX-TEK's FT Systems have been installed and are currently gathering data about the bending behavior of a new type of concrete ballasted steel pipe. After certification from the testing program, the pipe will be fabricated and installed as the undersea component of an upcoming project supported by OAO Gazprom.

The project is a direct result of FOX-TEK showcasing its products with JSC Krasnodargaztroy at the Moscow International Oil and Gas Exhibition two weeks ago.

"Being the first of its kind in the world, this new pipe design required specific monitoring capabilities in order to ensure its integrity, and our FT system is the most viable solution to address these needs", said Dr. Essam Zaghloul, FOX-TEK president and CEO. "With the impressive speed at which Russian companies adopt new technologies that benefit their bottom line, we're eager to move forward with the additional relationships we've developed within this growing region."

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 - FOX-TEK Presence in Russia Expands with Major Pipeline Fabricator (Jul 20)