CALGARY and ASSEMINI
(CAGLIARI), Italy, Jan. 29, 2020 /CNW/ - Nanalysis Scientific
Corp. ("Nanalysis", TSXV: NSCI) and SARAS
Ricerche e Tecnologie S.r.l. ("SARTEC") are pleased
to announce that as of January 27,
they have entered into a collaboration agreement to jointly develop
process analytical solutions for the oil & gas industry,
including the analysis of crude oil for the oil refineries.
The collaborative scientific work has been ongoing since 2017, a
quality prototype solution has been developed, and the two
companies are now ready to develop a business plan and jointly
offer solutions incorporating Nanalysis global leading compact NMR
products and SARTEC's patent protected machine learning algorithms
and Artificial Intelligence (AI) software.
Dr. Lorenzo Sassu,
Innovation & Digital solutions Manager of SARTEC stated "We are
very pleased to be working with Nanalysis Scientific. For decades
SARTEC has been specializing in environmental protection,
industrial efficiency and energy savings in the oil, petrochemical,
and energy industries, as well as serving our local communities and
public administration partners.
Several years ago, we recognized that NMR could be a critical
analytical technique to bring oil refineries into the digital age,
but the problem was that this type of technology was too large,
expensive, and complex for oil refineries and energy facilities of
all kinds. With the advent of compact NMR hardware, our machine
learning and AI algorithms can come to life in a variety of
applications, and we are committed to delivering fully integrated
solutions to the energy industry in partnership with
Nanalysis."
Sean Krakiwsky, founder
and CEO of Nanalysis Scientific added, "Working with an experienced
global leader such as SARTEC is critical to driving adoption of our
products in the energy industry and other industrial process
markets. This partnership is consistent with one of our key
strategic business objectives, the "appification" of NMR in
Industry 4.0 environments using our leading permanent magnet based
compact NMR technology. SARTEC has second-to-none domain expertise,
advanced software technology, and a unique vision for bringing
refinery and other industrial processes into the fourth industrial
revolution."
About SARTEC
Established in 1995, SARTEC is the technology company of the
SARAS Group. SARTEC is a global supplier of technology and
solutions to improve the industrial and environmental performance
of large industries, SMEs and public agencies, for the betterment
of local communities. The company has an integrated approach that
includes: Industrial engineering for cost-effective management of
production processes in a variety of sectors. SARTEC's solutions
yield a continuous improvement cycle in energy efficiency with
respect to production and operations resource efficiency.
SARTEC develops these solutions in order to move the energy
industry towards sustainability. SARTEC's parent company, SARAS
Spa, owns one of Europe's largest
oil refineries, processing 15 million tonnes of crude oil per year
(300,000 barrels per day) and is the leading refinery in the
Mediterranean area, integrated with petrochemicals units and one of
the largest IGCC gasification plant. SARTEC is the vector of SARAS
Group's expertise, know-how and skills in the field of industrial
and technological services for the oil, energy and environment
sectors and leverages on longlasting successful operations in the
Saras Group's oil refinery at Sarroch, to offer a wide range
of consultancy services on industrial plants' technology,
operation, asset management and supply chain. Main SARTEC's assets
are: Two state-of-the-art chemical laboratories for environmental
and oil testing and analysis (oil, products and marine bunker
fuel); a laboratory with certified equipment for the maintenance of
analytical instruments; an optical laboratory for the assembly and
calibration of proprietary spectroscopic instrumentation. The
company continues to exploit new global market opportunities
independently and with partners.
About Nanalysis Scientific Corp. (TSXV:NSCI,
FRA:1N1)
Nanalysis trades on the TSX Venture Exchange (TSXV) in
Canada with ticker symbol 'NSCI'.
The company's business is what we term "MRI for industry": It
develops and manufactures portable Nuclear Magnetic Resonance (NMR)
spectrometers or analyzers for laboratory and industrial markets.
The NMReady-60™ was the first fully featured portable NMR
spectrometer in a single compact enclosure requiring no liquid
helium or any other cryogens, and the company has followed-up that
initial offering with new products and continues to have a strong
innovation pipeline. Nanalysis recently announced that it will
begin selling a 100MHz device in early 2020. The Company's new
device will be the most powerful non-cryogen, permanent magnet NMR
device ever brought to market.
Nanalysis devices are used by chemical professionals in many
industries (oil and gas, chemical, mining, pharma, biotech, flavor
and fragrances, agrochemicals, and more) as well as numerous
government and university research labs around the world. The
company continues to exploit new global market opportunities
independently and with partners.
Notice regarding Forward Looking Statements and Legal
Disclaimer
This news release contains certain "forward-looking statements"
within the meaning of such statements under applicable securities
law. Forward-looking statements are frequently characterized by
words such as "anticipate", "continue", "estimate", "expect",
"may", "would" occur. These statements are only predictions of what
we believe might happen. Various assumptions were used in drawing
the conclusions or making the projections contained in the
forward-looking statements throughout this news release.
Forward-looking statements are based on the opinions and estimates
of management at the date the statements are made and are subject
to a variety of risks and uncertainties and other factors that
could cause actual events or results to differ materially from
those projected in the forward-looking statements. The Corporation
is under no obligation, and expressly 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 law. Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
SOURCE Nanalysis Scientific Corp.