Gedex Inc. and Cliffs Natural Resources Exploration Inc. Sign Strategic Agreement

Dec 06, 2010, 17:02 ET from Gedex Inc.

TORONTO AND CLEVELAND, OH, Dec. 6, 2010 /PRNewswire/ - Gedex Inc., the award-winning subsurface imaging technology company, today announced the completion of a strategic agreement with Cliffs Natural Resources Exploration Inc., a wholly-owned subsidiary of Cliffs Natural Resources Inc. (CLF).  Cliffs is an international mining and natural resources company.  The agreement provides Cliffs with global access to Gedex's airborne HD-AGGÔ subsurface mapping system along with Gedex's other strategic partners.

Quote from Cliffs

"We believe Gedex has the technology and team that can significantly advance our exploration efforts," said Sean Whiteford, Cliffs General Manager - North American Exploration.

Quote from Gedex

"We are very pleased to have Cliffs on board as one of our strategic partners," said Gedex's Chief Executive Officer, Keith Morrison. "We look forward to helping Cliffs to enhance its competitive advantages in the search for and discovery of resources."

About GEDEX Inc.: Gedex is a private company headquartered in Mississauga, Canada. Gedex's unique, environmentally-friendly HD-AGGÔ gravity gradiometer system will provide images of subsurface density that will, independently and in conjunction with other data, provide commercially valuable information for exploration and delineating subsurface resources and structures. HD-AGGÔ applications include: homeland security, sovereignty, space and ground water.

SOURCE Gedex Inc.