Orca Power Amalgamates With AFG FlameGuard
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 10/18/11 -- AFG FlameGuard Ltd. () announces that further to our July 26, 2011 and August 22, 2011 news releases - the amalgamation between Orca Power Corp. (CNSX: OP) and AFG FlameGuard Ltd. became effective on October 12, 2011. Details of the amalgamation are outlined in the joint Management Information Circular dated July 18, 2011 and available on SEDAR at . The newly amalgamated corporation operates under the name AFG FlameGuard Ltd. and is federally incorporated in Canada. AFG will now apply to list on the Canadian National Stock Exchange ("CNSX") and has reserved the trading symbol "AFG".
AFG LED BY EXPERIENCED TEAM
The experienced team of AFG board members includes Thomas Bell, Donald Gordon, Patrick Lavin, David Sumner and Frans Vogelzangs. Three of the directors have been working together in the firefighting technology industry for the past eight years and Mr. Vogelzangs is the majority shareholder, founder and CEO of AFG Group Nijmegen B.V. ("AFG Group"), which owns 3,597,500 shares of AFG.
PROPRIETARY FIREFIGHTING PRODUCTS
AFG markets and distributes an environmentally friendly suite of fire and life safety products that are effective in saving lives and reducing property loss due to fire. The company is a strategic partner within the AFG Group, which has a 20 year track-record in the fire safety technology industry. The AFG Group markets its proprietary products in 35 countries worldwide and manufactures them in its ISO 9001 certified plants. AFG FlameGuard operates with the full participation and support of AFG Group's technical staff, management, board and strategic ownership. The company is focused on sales and market development and is supported by its partner, supplier and shareholder for technological development, manufacturing, and proven products that sell worldwide.
REVOLUTIONIZING FIRE FIGHTING
AFG's primary product - the Dry Sprinkler Powder Aerosol extinguishers ("DSPA") - is revolutionizing fire fighting as a first responder, rapid deployment tool. Tactics have been developed around the DSPA extinguishers now in use across North America, Europe, and in Asia and developing countries. AFG has the rights to distribute AFG Group's DSPA systems and FlameGuard fire resistant paints and coatings in Canada, Mexico, Guyana, Panama and Kurdistan. In the past six months over 400 DSPA units have been rolled out in eastern Canada under a unique insurance industry-backed program. The program is being expanded into the rest of North America by signing up fire halls. More advanced technological sensing and extinguishing products as well as Underwriters Labratories Inc. certified top quality paints and coatings are also marketed within the AFG product line for industrial, residential, military, and marine applications.
MINIMIZES PROPERTY AND ENVIRONMENTAL DAMAGE
Donald Gordon, President of AFG FlameGuard Ltd. stated, "One 10 pound aerosol extinguisher can knock down a fully flame engulfed home - reducing flames, toxins and temperature levels in minutes. This results in smothering the seat of the fire and drastically reducing the use of water, which in turn minimizes collateral damage caused by high pressure blasts and water. We reduce fire and water damage which saves lives and minimizes property and environmental damage as well as toxin exposure."
DISTRIBUTION MODEL TO FIRST RESPONDERS
To ensure acceptance and growth in the residential, business, and government markets, AFG has created a partnership with local fire departments, which are the experts in this field. AFG's first responder tool, the DSPA-5, offers a safer and more effective approach for fire professionals. The company has developed a unique roll out distribution model designed to deploy the DSPA-5 product in each qualified station in Canada within a year. As sales grow, this strategy will secure a reputation for AFG within the firefighting community and provide significant savings compared to traditional fire suppression methods.
AFG sales are currently targeting a diverse client base: residences, businesses, municipalities, nuclear plant operator, native communities, cottagers, museums, farms, hotels, restaurants and military. These diverse markets all have a dire need for AFG's superior products compared to current fire suppression and prevention products and services. AFG is proud to launch its sales through its roll out program to first responders - as they are three times more likely to develop cancer from exposure to toxins. This deserving group of firefighters, many of whom are volunteers, will realize long term health and safety benefits from using the DSPA as the frontline tool for fire attack.
AFG FLAMEGUARD PRODUCTS
DSPA - DRY SPRINKLER POWDER AEROSOL
AFG's Dry Sprinkler Powder Aerosol (DSPA) extinguishing systems are environmentally friendly powder aerosol generators that extinguish fires in their early stages and knockdown fully developed A, B, C and K fires in a contained environment within seconds. AFG's premier DSPA-5 product is a unique handheld first responder portable knockdown tool, already in use in fire departments across North America and worldwide. It is designed primarily for use by trained first responders, but is also an appropriate tool for a wide variety of applications, including fire departments, remote businesses, homes and cottages, marine, industrial, high-rise buildings and military. With the ability to extinguish flames at source within seconds, the DSPA-5 is proving to be the first responder tool of choice for the firefighting industry. Insurance companies have noted major savings in client claims and displacement when the DSPA-5 is deployed. The DSPA line of products includes a number of units designed to battle fires based on applications and size of structure.
NOFIQ FIRE SUPPRESSION SYSTEMS
NOFIQ fire suppression systems are capable of detecting carbon monoxide (CO), and temperature rise - both an indication of fire in its earliest form. The detection component will sound an alarm in the surrounding area and sends a wireless message to an alarm management station. If a fire fully ignites, the built-in aerosol fire-extinguishing component will extinguish the fire. These systems are the perfect solution for server stations, electrical panels and other business applications where the environment would be significantly damaged by water suppression units. The NOFIQ System can also be utilized as a standalone fire extinguishing system without an alarm management station.
INTUMESCENT FIRE RESISTANT PAINTS AND COATINGS
AFG's intumescent (fire resistant) paints and coatings include a complete line of safe, non-toxic and easy to apply intumescent paints, coatings, fire retardants, fire containment products and fabric sprays. These are designed for a wide variety of industrial, commercial and construction industry applications. They can be implemented wherever regular paint is used - primarily on steel and wood. The HCA paint has recently been ULC tested and has the longest rating in the industry for flame retardant properties. This will create a marketplace in the renovation and new residential building industries as a result of savings realized from the handling and installation of fewer drywall panels required to achieve assembly fire compliance.
INDUSTRY EMBRACING AFG'S PRODUCTS
AFG has a broad marketplace for its products. Fire causes billions of dollars in losses to government, business and the general public and produces significant disruption to daily operations. Statistics report that 60 to 70% of the damage from fire is caused by water used to battle fires. The AFG line of products substantially reduces the damage to structures and contents during a fire and fire suppression, which results in tremendous savings in both time and money. Insurance companies, governments, industry and the public have embraced AFG's products because this new, environmentally safe, competitively-priced technology significantly reduces the cost of damage caused by fire and the water used to extinguish it.
ON BEHALF OF THE BOARD
Donald Gordon, President
For more information, please go to .
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and the Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Risks and uncertainties are discussed in the Corporation's continuous disclosure documents filed with the Canadian securities regulatory authorities from time to time, including in the "Risk Factors" section of the Management Information Circular dated July 18, 2011. Although Management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any of the securities described herein and accordingly undue reliance should not be put on such.
Neither CNSX Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
AFG FlameGuard Ltd.
Thomas Bell
Vice President, Corporate Development and Communication
604-658-2041
604-658-2045 (FAX)
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Datum: 18.10.2011 - 16:27 Uhr
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News-ID 1047313
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