Nuvolt Corporation Inc. (TSX NCO) has been a public corporation since 2007 following a reverse take-over of Norco Capital Inc. Specializing in electricity; the company has developed a leading edge expertise in the management of electrical failures and power quality. It designs, manufactures and markets equipment to neutralize leakage current and electrical network monitoring systems. In addition, Nuvolt offers electrical network analysis services for livestock farms (dairy, hog and poultry) in North America.
Over the last three years, Nuvolt has made major investments in the development of an extremly innovative technology capable of predicting an electrical failure on a network or a piece of equipment.
This new technology is marketed under the name of (SmartScan) for the agriculture market since early March 2011. The SmartScan system is already considered revolutionary in the monitoring and management of electrical network and equipment by the engineering specialists who took part in the development project and those who were consulted within the context of this project.
At the 2010 Grand Prix du Génie Conseil Québecois, SmartScan was awarded the laureate in the << Telecommunication and New Technologies >> category.
SmartScan has also received a major endorsement by Optimum Agricole a farm insurance company when Optimum and Nuvolt announced a joint agreement to promote SmartScan System in livestock farms.
The SmartScan system is in a process to be adapted for the maritime market (Commercial ship and offshore oilrig). Nuvolt has a signed distribution agreement with Navware an international ship equipment distributor; the product will be marketed under the name ShipScan. Navware and Nuvolt expect to start ShipScan sales this coming fall. A ship showcase on one of the vessels of an important ship-owner has already been completed.
Finally, this coming fall, Nuvolt will also start to adapt SmartScan to the industrial market. This process will allow the monitoring and managing of larger motors. The company qualifies this process as minor since the add-on features of the agricultural and maritime markets will be integrated in the industrial product. The product will be marketed under the name SmartScan PRO.
Meanwhile during the completion of these new products Nuvolt continues the marketing of its regular product line. The Potential Equalizer System and the Agrivolt Noise Filters are still contributing to our sales and the addition of SmartScan gradually boosts our sale as we are implementing our marketing strategy.