January 6, 2010 (FinancialWire) — Elecsys Corp. (NASDAQ: ESYS) has acquired SensorCast, LLC, a firm that provides integrated data collection and reporting solutions to the pipeline and energy exploration industries.

Lenexa, Kansas-based SensorCast solutions have been deployed to monitor and control critical assets on pipelines, oil and gas wells, storage tanks, pump stations, and other critical infrastructure.

Data from devices monitored by SensorCast technology can be integrated with existing supervisory control and data acquisition and database systems, allowing customers to expand their control systems to manage remote assets.

Elecsys acquired substantially all of the assets including accounts receivable, inventory, and fixed assets, as well as all of the intellectual property and intangible assets and assumed certain liabilities of SensorCast in exchange for $35,000 in cash and 266,325 unregistered shares of Elecsys Corp. common stock.

The company said it expects revenue from SensorCast solutions to exceed $1,000,000 over the next twelve months.

Kansas-based Elecsys provides machine to machine communication technology solutions for industrial applications worldwide.  

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