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Hemisphere GPS and Summit Liability Solutions Sign Agreement to Provide Customized Outback S3(TM) Systems

^{Published on 2010-08-12 05:25:59 - Market Wire}
 

CALGARY, Aug. 12 /CNW/ - (TSX: HEM) Today, Hemisphere GPS announced a multi year agreement to supply the S3-S - a customized Outback S3 precision guidance system for Summit Liability Solutions (Summit). The S3-S uses Hemisphere GPS' Crescent(TM) GPS receiver technology in combination with a Hemisphere GPS eDriveTC(TM) for tilt control to precisely apply drilling fluids to a disposal area and is designed to eliminate most of the human error currently present in drilling waste disposal services.

With Summit direction and logic, Hemisphere GPS modified the popular Outback S3 to interface with the Summit Earth(TM) system. Summit Earth is a Summit-designed web-based data entry platform with built-in satellite imagery, regulatory compliance checking and self-auditing capabilities, and powerful reporting functionality. Spatial information from Summit Earth is uploaded into the S3-S Navigator and, once armed, the system controls the discharge valve of a disposal unit based on regulatory parameters entered by Summit's field technicians. The custom software of the S3-S Navigator provides visual reference and guidance of the disposal operations. Upon completion of a job, spatial information collected in real time is downloaded from the S3-S Navigator and uploaded into Summit Earth where the final report is produced and the true disposal area is overlaid onto satellite imagery. The S3-S Navigator provides on/off boundaries to keep the waste disposal within a given area and automatically turns the discharge system on and off when the vehicle reaches the set boundaries. The eDriveTC provides the S3-S with details of the vehicle's slope to prevent runoff and pooling of drilling fluids by limiting disposal on restricted terrain and enables either pitch or roll measurements to be taken. Field notes can be utilized and the system is designed to convert log files into useable file formats for use in Summit Earth and or Google Maps.

"Our partnership with Summit illustrates the suitability of S3 to new markets," says Dan Cookro, Director of Business Development, for Hemisphere GPS Precision Products. "The S3 is a complete agricultural precision guidance system that we can customize to meet specific needs. This avenue of growth further demonstrates our ability to provide real-world custom solutions."

Summit Liability Solutions Inc. is the exclusive partner with Hemisphere GPS as Summit will market and support the S3-S as an integral part of their comprehensive drilling waste management system.

"The Oil and Gas industry was long overdue for a technological advancement to reduce non-compliant activities associated with drilling waste disposal in North America," stated Russel Orcutt, President of Summit Liability Solutions Inc. "Our partnership with Hemisphere GPS has resulted in a dramatic game changing solution that manages the ever-increasing regulatory pressure to be environmentally compliant."

About Summit Liability Solutions

Summit Liability Solutions Inc. provides comprehensive integrated liability management and environmental services for leading oil and gas companies. Summit provides an extensive portfolio of services in drilling waste management, reclamation, remediation, and site assessment services. For more information about Summit Liability Solutions, please go to [ www.summitls.ca ].

About Hemisphere GPS

Hemisphere GPS designs and manufactures innovative, cost-effective GPS products for positioning, guidance, and machine control applications in agriculture, marine, construction, and other markets. The Company holds numerous patents and other intellectual property and owns several leading brand names, including Outback Guidance(R), a leading brand in precision GPS for agriculture. The Company is headquartered in Calgary, Alberta, with major product development, sales, and marketing facilities in Arizona, Kansas, and Australia. Hemisphere GPS is listed on the Toronto Stock Exchange (TSX) trading under the symbol "HEM" and is one of the TSX Cleantech designated companies. For more information about Hemisphere GPS, please go to [ www.hemispheregps.com ].

The above disclosure contains certain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Hemisphere GPS' control, including: the impact of general economic conditions, industry conditions, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility and market valuations of companies with respect to the announced transactions and the final valuations thereof, and obtaining required approvals of regulatory authorities. Hemisphere GPS' actual results, performance or achievement could differ materially from those expressed in, or implied by these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, including the amount of proceed, that Hemisphere GPS will derive there from.