PrecyseTech Announces New inPALM(sm) MOB Rescue System Improving Worker Safety For Marine Infrastructure Projects; Teaming With Emerald Marine Products

Creating New inPALMsm Integrated Applications To Improve Worker Safety and Cost Performance

News provided by

Dec 09, 2016, 12:07 ET

RESTON, Va., Dec. 9, 2016 /PRNewswire/ -- PrecyseTech Corporation ("PrecyseTech") announced today the launch of the inPALM^sm Man-Over-Board (MOB) Rescue System using the ALERT2 Man-Overboard Alarm System provided by Emerald Marine Products, a leading marine technology company who will also offer the new inPALM^sm MOB Rescue Application.

Logo - http://photos.prnewswire.com/prnh/20161209/447490LOGO

Marine workers wear PrecyseTech Badge Agents and vests with the ALERT2 Man-Overboard Transmitter which is wirelessly linked to the PrecyseTech Badge Agent (BA) – a personal communication and tracking device. In the event of a man overboard, the ALERT2 and BA notify the inPALM^sm MOB Rescue Application at the Control Center and the Rescue Vessels. The PrecyseTech system continuously updates the worker's location in the water and syncs rescue data between all the vessels and the shore-based control centers. The rescue data is also available via NMEA interface to alert a third-party navigation system.

Two systems are offered- inPALM^sm MOB Mobile with system equipment temporarily or permanently deployed on a rescue boat, or inPALM^sm MOB Enterprise, where all system equipment is installed only on shore. Both system are complementary, use a common architecture and may be integrated inPALM^sm. The inPALM^sm MoB Mobile and inPALM^sm MoB Enterprise systems have a range of about 1 km which can be extended with additional repeaters as required.

The new inPALM^sm MOB Rescue App system integrates directly with PrecyseTech's proprietary IIoT network technology. The inPALM^sm MOB Rescue App joins the expanding portfolio of inPALM^sm cloud and enterprise based asset management and analytics applications services. The inPALM^sm MOB Rescue App is currently being used to support the Olmsted Dam project for the U.S. Army Corps of Engineers (USACE) and is available today, offered with a subscription or purchase plan.

'The new inPALM^sm MOB Rescue App offered with Emerald Marine Products continues our strategy building the inPALM^sm portfolio of innovative Industrial Internet of Things applications," said Paul B. Silverman, PrecyseTech President and CEO. "Improving worker safety and cost performance are top priorities for our clients and the new inPALM^sm application addresses this need in the maritime construction sector," said Silverman.

About Emerald Marine Products

Emerald Marine Products is a recognized leading provider of marine MOB rescue systems and technologies. For 18 years, its products have protected mariners on military, government and commercial vessels. For additional information, visit www.emeraldmarineproducts.com.

Forward-Looking Statements

Certain statements above, in press releases and PrecyseTech officials oral statements are "Forward-Looking Statements" (FLS) according to the Private Securities Litigation Reform Act of 1995 (the "Act"). FLS include statements predictive in nature, depending upon or referring to future events / conditions, including words like "believes," "anticipates," "intends," "plans," "expects," and similar expressions. Statements concerning future financial performance (revenues, earnings, and growth rates), ongoing business strategies / prospects, and future actions, which may be provided by management, are also FLS as defined by the Act. The actual and any future results, performance or achievements of the Company, expressed or implied, may be materially different and vary significantly for different reporting periods due to FLS that involve known and unknown risks and other factors. Management believes that the assumptions made and expectations reflected in the FLS are reasonable. There is no assurance that the underlying assumptions will prove to be correct and the actual future results may be different from expectations expressed above. These statements are not guarantees of future performance.