Synodon Inc.

Synodon Inc.

July 01, 2009 17:22 ET

Synodon Signs Promissory Note and Issues Warrants

EDMONTON, ALBERTA--(Marketwire - July 1, 2009) - Synodon Inc. (the "Corporation") (TSX VENTURE:SYD), announced today that it has received TSX Venture Exchange approval for and has issued (i) a promissory note for $200,000 USD at 18% interest accrued annually and (ii) share purchase warrants with a twenty-four (24) month term and exercisable for 200,000 Class A common shares at $0.39 CDN per Class A common share, to settle a trade payable with a key long term supplier. The note is due on December 31, 2009, or earlier, and is secured against the Corporation's realSens™ instrument. In addition, if the note is still outstanding as of December 31, 2009, the supplier will be granted a license to sell the realSens™ service in the U.S. market until the note is repaid.

Synodon Inc. ( is an Edmonton based technology company which has developed and demonstrated a patent pending airborne remote gas sensing system called realSens™, based on technologies developed under the Canadian Space Program and by Synodon scientists. The company will provide gas emissions monitoring and quantification services to a variety of industries, including hydrocarbon (oil and gas), environmental, agricultural and for a variety of gases including methane, ethane and ammonia. The initial focus is on the hydrocarbon industry and in particular the natural gas pipeline sector.

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Forward-Looking Statements

Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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