NT Mining signs an exclusive licensing and distribution agreement
Las Vegas, NV – January 16, 2013 – NT Mining Corporation (OTC.QB: NTMG) (NT or the Company) announces it has signed an exclusive licensing and distribution agreement to sell and market the iPMine communication and mine-safety system in the European continent.
iPMine is a real-time 2-way wireless/wireline system that tracks, monitors, and communicates with miners and equipment underground and above ground. The location
information of the miners and equipment is collected and displayed live in real time 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 sites. iPMine utilizes the Internet Protocol technology and Wi-Fi/802.11x wireless mesh network standards, providing the ability to introduce new features in a much faster timeframe, and can support any standard Wi-Fi device or IP-based application.
The terms of the agreement includes exclusivity for the European market for a 5-year term renewable to an additional 5-year term and first right of refusal to acquire the entire iPMine intellectual property. The iPMine business unit will operate under the Company’s newly set-up subsidiary, iPTerra Technologies, Inc. For more information, please visit the web site at www.ipterra.net.
“This agreement represents an important milestone to broaden and accelerate our customer and revenue growth strategy,” said Carman Parente, president and & CEO of NT Mining.
NT Mining Corporation
Certain statements included in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, plans and timing for the introduction or enhancement of our services and products, statements about future market conditions, supply and demand conditions, and other expectations, intentions and plans contained in this press release that are not historical fact and involve risks and uncertainties. Our expectations regarding future revenues depend upon our ability to develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.
develop and supply products and services that meet defined specifications. When used in this press release, the words "plan," "expect," "believe," and similar expressions generally identify forward-looking statements. These statements reflect our current expectations.