NEW YORK, May 9, 2013 /PRNewswire/ -- Novagen Ingenium Inc. (OTCQB: NOVZ) today announced that on April 22, 2013, Renegade Engine Company Pty Ltd, a wholly owned subsidiary of Novagen, acquired the plant, equipment and goodwill of NC Precision Engineering Pty Ltd.
Since 1995, NC Precision Engineering has earned a solid reputation in the precision engineering field for quality tool manufacture and outstanding service. With a focus on product consistency and reliable turnarounds NC Precision Engineering offers a range of services including CNC Machining and CNC Turning from small volumes to production runs.
"The acquisition of the plant, equipment and goodwill of NC Precision Engineering adds to the in house capabilities and operations for Novagen and the operating engine divisions. Work has already begun on integrating product requirements and ongoing product development. This acquisition along with our name change which was effected on 30 April 2013 moves the company further into our planned engineering focus."
Micheal Nugent, CEO Novagen Ingenium Inc.
About Novagen Ingenium Inc.
Novagen Ingenium Inc. (OTCQB: NOVZ) is engaged in the development and commercialization of low carbon emission engines and other clean technology solutions with a view to create technologies that improve efficiency and reduce levels of greenhouse emissions in a low-cost, globally relevant way. Novagen's operations are based in Queensland, Australia.
Safe Harbor Statement
Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Novagen's reports filed with the Securities and Exchange Commission. Novagen undertakes no duty to update these forward-looking statements.
Contact; Micheal Nugent
Tel; +61 438158688
Cell; 310 994 7988
SOURCE Novagen Ingenium Inc.