KIRKLAND LAKE, ONTARIO–(Marketwired – June 10, 2014) – NORDEX EXPLOSIVES LTD. (“Nordex” or the “Corporation”) (TSX VENTURE:NXX) is pleased to announce it has been contacted by the Centre for Excellence in Mining Innovation (“CEMI”) and has had initial discussions about exploring the potential to collaborate on strategically aligned innovative projects relative to current challenges in deep mining environments. In particular discussions focused on the innovative approach and successes Nordex has achieved with its Scorpion loader systems and its unique explosive formulations and technologies for development headings, production rounds and up-hole loading in underground mines.
CEMI is Canada’s leading source for underground mining innovation, located in Sudbury, Ontario and committed to collaborate with small to medium size enterprises whose ideas, products or services may add value and contribute to innovation in mining where industry knowledge, imagination and expertise exist to provide scientific advantages, new ideas and the know-how essential to turn ideas into workable solutions that can be implemented.
Nordex recently met with CEMI on its recent trip to the Canadian Institute of Mining, Metallurgy and Petroleum convention (“CIM”) in Vancouver, BC held during May 11 to 14, 2014. Upon review of Nordex and its line of exclusive explosive products and recent innovations CEMI initiated further discussions and exercised due diligence in visiting Nordex at its manufacturing facility near Kirkland Lake, Ontario.
Jim Taylor, President and CEO of Nordex stated, “It is anticipated that a relationship with CEMI has the potential to introduce our unique ideas and acquired knowledge to a larger audience and increase demand for our proprietary products and technologies in 2014 and beyond. This is in line with our stated business strategies to position Nordex by the end of 2013 with the expertise, products and equipment to confidently and aggressively pursue new business opportunities. We believe our strategy to invest the significant time and resources necessary to develop these new products, new manufacturing methods, new equipment and new ideas will ultimately prove to be our long-term strengths. To have a well respected organization like CEMI appreciate our accomplishments is certainly gratifying and is a tribute to our employees, management and directors for their foresight, hard work and perseverance over the last two years.”
About Nordex Explosives
Nordex Explosives Ltd. is a Canadian-based manufacturer and distributor of explosives for the mining, quarry and construction industries since 1970. Its manufacturing operations and distribution centre is strategically located in one of the world’s largest mining regions near Kirkland Lake, Ontario. Nordex is the exclusive supplier of the “Buttbuster” perimeter control explosive products in Canada.
Additional information can be found at www.nordexexplosives.com.
About CEMI
CEMI directs and coordinates step-change innovation in the areas of exploration, deep mining, integrated mine engineering, environment and sustainability for the metal mining industry. With a seasoned team of program directors, CEMI identifies, assesses, funds and manages industry-focused applied research & development projects that extend from geology and engineering to the natural + social sciences. We recognize innovation is a three-phase process: research, development and implementation (R & D & I). Following implementation, we work with the industry to commercialize innovation so as to turn great ideas into industry best practice. www.miningexcellence.ca
Neither the TSX Venture nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture) accepts responsibility for the adequacy or accuracy of this release.
Capital Ideas IR
Dean Stuart
403 517 2270
dean@boardmarker.net
Nordex Explosives Ltd.
Jim Taylor
President and CEO
705 642 3265 extension 203
jtaylor@nordexexplosives.com
www.nordexexplosives.com