"Neptec Technologies and Peck Tech have been working together for more than three years on adapting Neptec's Space technologies for the mining market, and now we're combining our strengths to create a unique venture to address the immediate need of our clients for innovative, machine-agnostic products and services for both open-pit and underground mining"

OTTAWA and MONTREAL, July 28, 2014 - Neptec Technologies Corp., a provider of real-time intelligent 3D robot vision products, and Peck Tech Consulting Ltd., a thought leader and provider of advanced technology solutions for the mining industry, are pleased to announce the formation of a joint venture to deliver innovative sensor-driven automation products and services to the global mining market.

"The mining industry is embracing technology to improve the safety and cost effectiveness of their operations, and while factory-delivered 'autonomy' solutions have been getting much of the attention, there are also huge benefits to be gained from intelligent sensor-driven safety and operator-assist solutions for mobile mining equipment that deliver immediate operational benefits and ROI for early adopters," said Dr. Jonathan Peck, President and CEO of Peck Tech Consulting. "Our new venture combines Peck Tech's intimate understanding of the mining process and technology needs with Neptec's excellence in technology innovation and its full product realization capabilities to bring new and practical aftermarket product solutions to our mining customers."

"Neptec Technologies and Peck Tech have been working together for more than three years on adapting Neptec's Space technologies for the mining market, and now we're combining our strengths to create a unique venture to address the immediate need of our clients for innovative, machine-agnostic products and services for both open-pit and underground mining," said Mike Sekerka, CEO of Neptec Technologies.

About Neptec Technologies Corp.

Neptec Technologies Corp. develops innovative real-time 3D robot vision products for machine automation and robotics applications in harsh environments. The company was founded in 2011 to commercialize space-technologies developed by Neptec Design Group Ltd., an award-winning space flight technology company and NASA prime contractor. Its first products are a family of obscurant-penetrating laser scanners (OPAL) and a software development tool kit (3DRi) with advanced features such as automatic change detection and object recognition and tracking. Together, these out-of-the-box "building blocks" make it easy to integrate intelligent real-time machine vision applications on autonomous off-road vehicles, and for more familiar LiDAR-based survey and measurement tasks in harsh environments. The company is located in Kanata, Ontario. For more information, visit www.neptectechnologies.com.

About Peck Tech Consulting Ltd.

Peck Tech Consulting Ltd. is a technology consulting company that provides consulting services to the global mining industry in areas related to the definition, development, specification, assessment, evaluation and deployment of innovative aftermarket technologies for monitoring, control, positioning and mapping solutions for haul-trucks, excavators, and blasthole drills. These efforts are being undertaken in close collaboration with mine operators, technology suppliers and mining equipment manufacturers (OEMs). Peck Tech was founded by Dr. Jonathan Peck in 2004 and currently operates from offices in Montreal, Quebec and Toronto, Ontario. For more information, visit www.pecktech.ca.