Anglo American and Gedex Form Strategic Alliance

Toronto, Canada (ots/PRNewswire) - Gedex, a private Canadian
corporation, and Anglo American plc are pleased to announce they have
established a multi year strategic alliance aimed at developing and
exploiting Gedex's next generation resource exploration system.

The new proprietary multi-axis Gedex High Definition Airborne
Gravity Gradiometer (HD-AGG(TM)), which is expected to be a
breakthrough airborne survey technology, is already gaining
international recognition from major resource companies seeking
enhanced refinement and effectiveness in exploring for precious
metals, minerals, and oil and gas.

Anglo American, a global leader in exploration and mining
technology, plans to fund airborne test work and to help develop
applications for mineral exploration. If these tests are successful,
Anglo American plans to deploy the Gedex system among its
geographically diverse group companies with interests encompassing
copper, nickel, platinum, coal, diamonds, zinc, iron ore, and other
metals.

"We are committed to maintaining our position as a world leader in
the application of advanced technologies to the exploration and
evaluation of resources," said Dr. Owen Bavinton, Anglo American's
Head of Exploration and Geology. "We anticipate that Gedex's advanced
high definition gravity gradiometry will become a valued complement
to our leading SPECTREM EM and other search technologies."

"Gedex's existing strategic agreement is with the largest diamond
producing company. The first generation system is expected to begin
airborne tests during the first half of 2008. Now Anglo American will
seek to develop and apply a second generation version of the
HD-AGG(TM) technology in the broader mineral exploration sector,
supporting further research aimed at validating our system," said
Robbie C. Banks, Gedex President and Chief Executive Officer. "We are
extremely delighted to have a world leading exploration company like
Anglo American as our second strategic alliance."

The prospective scope of the Gedex technology continues to expand
from diamonds to other minerals and into the energy sector following
introduction of its unique oil sands application which is expected to
help identify oil pockets, understand potential reserves, increase
production and cash flow, while greatly reducing costs, said Mr.
Banks.

"The value of our technology is gaining recognition with resource
companies," said Mr. Banks. "We believe the Gedex HD-AGG(TM)
technology is capable of creating a material difference in resource
exploration."

Gedex Inc. is a private Canadian company, headquartered in
Toronto, Canada. Gedex's next generation airborne gravity gradiometer
system is expected to provide images of subsurface density that,
independently and in conjunction with other data, provide valuable
information in exploring for and delineating subsurface resources.
The Gedex HD-AGG(TM) system has been designed to operate year round
and be environmentally friendly. It is protected by exclusive
licenses, patents, and intellectual property. Gedex was awarded the
Mining Journal's inaugural research award for "...research that is
expected to have the most significance for mining and mining
equipment in the future". (http://www.gedex.ca)

Anglo American plc is one of the world's largest mining and
natural resource groups. With its subsidiaries, joint ventures and
associates, it is a global leader in platinum, gold and diamonds,
with significant interests in coal, base and ferrous metals and
industrial minerals. The Group is geographically diverse, with
operations in Africa, Europe, South and North America, Australia and
Asia. (http://www.angloamerican.co.uk)

For further information:
George Soteroff
Senior V.P. Investor Relations and Corporate Affairs
Telephone: +1-905-281-0766, Ext. 1103
Mobile: +1-416-434-9678
george.soteroff@gedex.ca

http://www.gedex.ca

ots Originaltext: Gedex Inc.
Im Internet recherchierbar: http://www.presseportal.de

$story.getcontactHeadline()
For further information: George Soteroff, Senior V.P. Investor
Relations and Corporate Affairs, Telephone: +1-905-281-0766, Ext.
1103, Mobile: +1-416-434-9678, george.soteroff@gedex.ca


	hier anmelden...