Issued
Monday May 14, 9:25 am ET
SAN DIEGO, CA--(MARKET WIRE)--May. 14, 2007--Unico, Incorporated (OTC BB:
UCOI), a natural resource company in the precious metals mining sector, today
announced the delivery and installation of the main transformer for the new
electrical substation at the mill and processing facility at the Deer Trail
Mine in Marysvale, Utah. A photo gallery showing the delivery and installation
of the transformer, as well as additional electrical and wiring work at the
Deer Trail Mine mill and processing facility, will be added to the Unico
website, www.unicomining.com, in the next several days.
The General Electric transformer was purchased in January 2007 from Denver
Magnetic, Inc. The primary voltage of the transformer is 46,000 volts, which
will be provided to the Deer Trail Mine from PacifiCorp, which operates in Utah
as Rocky Mountain Power. The secondary voltage of 12,470/7,200 will be sent to
the mill by direct burial cable. The 12,470 voltage will then be further
reduced to the required 480 volts required to operate the mill. The
availability of additional voltage allows for the planned future expansion at
the site, including larger crushing equipment, an additional ball mill and
power to operate mining activities as needed.
The concrete pad for the main transformer is now poured and has sufficiently
been cured in time to set before the delivery of the transformer to the
substation site. Electrical contractor Cache Valley Electrical
(http://www.cve.com/) assisted with the installation of the grounding circuit,
4-inch conduit and smaller conduits, which were also installed prior to pouring
the concrete pad where the main transformer for the substation was mounted. In
addition to the substation work, Cache Valley Electrical is assisting with the
installation of electrical conduits, controls and wiring inside the mill
buildings.
With the main transformer now in place, additional work on the substation will
be undertaken, including fencing, installation of the metering station and
switchgear, and installation of the power poles. Once that work is completed,
electricity producer PacifiCorp (www.pacificorp.com), which operates in the
state of Utah as Rocky Mountain Power, will supply the connection to the
substation. The design and completion of the new substation is expected to
provide substantial cost savings for Unico's wholly owned subsidiary, Deer
Trail Mining Company, as a result of lower energy costs and greater
reliability.
"The delivery and installation of the main transformer is a critical
element of the construction of the new substation, and we look forward to
completing the remaining work at the substation so that the power requirements
of the Deer Trail Mine can be met," commented Mark A. Lopez, chief
executive officer of Unico, Inc. "With the reconstruction of the mill and
processing facility in the completion stage, having sufficient power for
processing operations has never been more critical, and this progress at the
substation bring us a step closer to that goal."
BNA Consulting, Inc. (www.bnaconsulting.com), a major provider of electrical
consulting services in Utah and surrounding states for 35 years, assisted in
the identification of the main transformer for the new substation. BNA has been
contracted by Deer Trail Mining Company for a broad range of engineering
services related to the construction of the substation. Included in BNA's
services is procurement of the best quality electrical equipment possible,
including starters and other required electrical components. The design and
completion of the new substation itself is expected to provide substantial cost
savings as a result of lower energy costs and greater reliability, and the use
of good quality equipment is expected to reduce equipment costs by
approximately 40%.
Shareholders who would like to sign up to receive information by email directly
from Unico, Inc., including when new photo galleries are posted to the company
website, are asked to visit the company's website at
http://www.unicomining.com/IR/mailinglist.php and fill in the appropriate
fields.
About Unico, Inc.
Unico, Inc. (OTC BB: UCOI) is a publicly traded natural resource company in the
precious metals mining sector that is focused on the exploration, development
and production of gold, silver, lead, zinc, and copper concentrates at its
three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the
Silver Bell Mine. The company has also announced agreements to acquire over 70
additional mining claims. For more information, please visit
www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended and such Section 21E of
the Securities Exchange Act of 1934, as amended. Such statements are subject to
risks and uncertainties that could cause actual results to vary materially from
those projected in the forward-looking statements. The company may experience
significant fluctuations in operating results due to a number of economic,
competitive and other factors. These factors could cause operation results to
vary significantly from those in prior periods, and those projected in
forward-looking statements. Information with respect to these factors, which
could materially affect the company and its operations, are included on certain
forms the company files with the Securities and Exchange Commission.
Contacts:
Gemini Financial Communications, Inc.
A. Beyer
951-587-8072
investors@unicomining.com
OTC Financial Network
Rick McCaffrey
781-444-6100, x625
rick@otcfn.com
www.otcfn.com/ucoi
.