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  Arrow 3 Media Releases - Current

ESTec announces appointment of Mark Bamford as new CFO

25 January 2012

ESTec Systems Corp. is pleased to announce the appointment of Mark Bamford as Chief Financial Officer, replacing Mrs. Margaret Nelson effective February 1st, 2012, pending TSXV approval.

As the newest member of ESTec’s Executive Committee, Mr. Bamford brings over 10 years of experience as a seasoned financial executive of multi-million dollar organizations. ...read more...

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).

...read more...

ARN Uses State-of-the-Art Imaging Technology

September 20, 2010

ESTec Systems Corp. through its wholly owned subsidiary, Allan R. Nelson Engineering (1997) Inc. (ARN), is pleased to announce the issuance of a contract by the Edmonton Transit System, to evaluate certain maintenance and repair needs affecting light rapid transit (LRT) vehicles ...read more...

New Skills at Allan R. Nelson Engineering Mean New Contracts

August 30, 2010

ESTec Systems Corp., through its wholly owned subsidiary, Allan R. Nelson Engineering (1997) Inc. (ARN), is pleased to announce that it has been awarded a contract by an Alberta client, to design a novel trailer-mounted mobile catwalk system for the service rig sector ...read more...

ESTec Welcomes New Engineering Manager

August 3, 2010

ESTec's wholly owned subsidiary, Allan R, Nelson Engineering (i997) Inc. is pleased to announce the appointment of a new Engineering Manager ...read more...

ESTec Systems Awarded New Contracts Highlighting innovations

July 27, 2010

Through its’ wholly owned subsidiary, Allan R. Nelson Engineering (1997) Inc. (ARN), is pleased to announce that it has been awarded a major engineering design contract, for three new oil & gas service rigs ...read more...

ESTec reports third quarter results

May 28, 2010

ESTec Systems Corp., (TSX Venture: ESE), is reporting unaudited financial results for the third quarter ended March 31, 2010 of its’ 2009-10 fiscal year.

After a slight positive net income in January, we experienced a significant loss in February due to a disruption of work schedules after the resignation of our engineering manager ...read more...

 

 

 
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