2013-02-05 12:05:30 -
ST. JOHN'S, NEWFOUNDLAND -- (Marketwire) -- 02/05/13 -- Scout Exploration Inc. (OTCBB:SCXN) has acquired the rights to an airborne, oil spill response system currently under development at IDS Offshore Inc., of St. John's, Newfoundland.
Faster and more effective oil spill response represents an immanent challenge and opportunity for the oil exploration, production and transportation industries. Reliable solutions targeted for primary response - the first few hours immediately following an incident, before traditional response infrastructure can reach spills, have a critical impact on the scale of ecological damage and overall remediation costs.
Oil spill remediation costs can reach the multi-billion dollar range. For example, nominal remediation costs for the British Petroleum Deepwater Horizon incident have exceeded $40 billion to date.
Current methods entail a significant lag prior to deployment of response measures, during which time spill damage can spread exponentially. The unmanned, air deployed SCXN / IDS response systems target this period, and significantly reduce time to containment and oil spill spread.
Equipment delivery by air has been an essential military tool for decades, and will become increasingly important in marine emergencies around the world.
The Scout / IDS system leverages existing technology, infrastructure and air deployment methods to deliver an innovative, effective solution with potential order of magnitude benefits.
About IDS Offshore Inc.
IDS Offshore is based in St. John's, Newfoundland in the NRC Institute for Ocean Technology, Canada's center for military and civilian ocean technology research and development - www.idsoffshore.com.
About Scout Exploration
Scout Exploration is a publicly traded company focused on the development of innovative solutions to the challenges of offshore, shoreline and inland spill incidents for the oil and gas exploration, production and transportation sectors. Scout is a publicly traded Company with shares listed on the OTCQB under the symbol SCXN.
On behalf of the Board.
Scout Exploration Inc.
at.marketwire.com/accesstracking/AccessTrackingLogServlet?docid= .. width="1" height="1" alt=" " border="0" />