CALGARY, ALBERTA -- (Marketwired) -- 08/29/13 -- Appulse Corporation (TSX VENTURE: APL) ("Appulse") today announced that its primary operating subsidiary, Centrifuges Unlimited Inc. ("CUI ") has signed an exclusive authorized services provider agreement for Canada with Flottweg Separation Technology Inc., a subsidiary of Flottweg SE ("Flottweg"), headquartered in Vilsbiburg, Germany.
Flottweg is a major centrifuge manufacturer with a strong international reputation for quality. With an annual revenue for the group exceeding 140 million euros, Flottweg exports sophisticated separation equipment to all major markets, with eight prime business centers including Flottweg Separation Technology Inc. of Independence Kentucky, covering the United States and Canada. The company is increasing its focus on the Canadian market with applications in a variety of industries currently concentrated in central and eastern Canada.
Under terms of the agreement, CUI will provide maintenance, repair and start-up services to current and future Flottweg customers in Canada. All spare parts requirements will be facilitated through CUI from a local stock of Flottweg parts. CUI will also be involved in the sale of new Flottweg machines for the industrial market. In addition, the companies have entered into preliminary discussions related to the joint development of a new decanter style centrifuge related primarily to the oil industry including drilling mud applications.
Through its subsidiaries, Centrifuges Unlimited Inc., Rolyn Oilfield Services Inc., and Design Machining Unlimited Inc., Appulse specializes in the sales, servicing and refurbishing of centrifuge equipment, serving both domestic and international markets, and offers full service industrial machining. The Corporation continues to pursue expansion to its product base and geographic markets, in addition to adopting a program of controlled acquisitions complementing its current activities.
Further information on Appulse and its subsidiaries can be obtained through the Corporation's website, at www.appulsecorp.net and on SEDAR at www.sedar.com. Certain statements in this release are forward looking and the reader is cautioned that such information, although considered reasonable by the Corporation at the time of preparation, may prove to be incorrect.
Neither the 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.
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