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ESTec Systems Corp. signs Technology Licensing Agreement
18 October 2011
ESTec through its wholly owned subsidiary, Allan R. Nelson Engineering (1997) Inc. (“ARN”), is pleased to announce that effective October 17th, 2011 it has signed a Technology Licensing Agreement with Torishima Services Canada (“Torishima”). The Agreement provides for royalty payments to ARN in relation to the licensing for the manufacture and sale of top drives based upon designs prepared by ARN....read more...
ESTec Systems Corp. Completes the Acquisition of the Assets of Encore Electronics, Inc.
09 May 2011
ESTec through its wholly owned US subsidiary, Encore Electronics Inc., a Delaware corporation, is pleased to announce that effective April 29th, 2011 it has completed the acquisition of substantially all of the business assets (excluding real property assets) of Encore Electronics, Inc. (“Encore”), a New York corporation. The purchase price paid for these assets was USD$1,500,000 ...read more...
Update on Farr Canada and Top Drive Technology Licensing Agreement
25 March 2011
ESTec Systems Corp. (TSX Venture: ESE) made an announcement in October 2005 about the signing of a Technology Licensing Agreement between Farr Canada ("Farr Canada"), a division of McCoy Corporation (MCB: TSX) and Allan R. Nelson Engineering (1997) Inc. ("ARN")....read more...
ESTec Update on Acquiring Encore Electronics Inc.
10 March 2011
ESTec Systems Corp. (TSX Venture: ESE) is pleased to disclose that due diligence relating to the acquisition of Encore Electronics in Saratoga Springs New York, is continuing. Our auditors were onsite last week. Negotiations relating to financing are nearing completion. The Letter of Intent has been amended to move the Closing Date to April 30, 2011. ...read more...
ARN Engineers on Location
23 February 2011
ESTec Systems Corp. (TSX Venture: ESE) through its wholly owned subsidiary, Allan R. Nelson Engineering (1997) Inc. (ARN), recently travelled to Texas to inspect and certify its exclusively designed drill pipe lifting arm assembly. ...read more...
ARN Outrigger Design Presents Unique Challenges
14 February 2011
ESTec Systems Corp. (TSX Venture: ESE) through its wholly owned subsidiary, Allan R. Nelson Engineering (1997) Inc. (ARN), recently completed a challenging job for an Edmonton-based oilfield well servicing rig manufacturer. ARN was engaged to design a set of hydraulic outriggers to secure the rig for its freestanding well service operations ...read more...
ESTec Systems Executes Letter of Intent to Acquire Encore Electronics Inc.
18 January 2011
ESTec Systems Corp. (TSX Venture: ESE) is pleased to announce it has signed a Letter of Intent to acquire the operating assets of privately held Encore Electronics Inc. of Saratoga Springs, New York, (www.encore-elec.com).
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