Synodon Inc.

TSX VENTURE : SYD


Synodon Inc.

March 17, 2014 10:54 ET

Synodon Adds Two New realSens™ Customers

EDMONTON, ALBERTA--(Marketwired - March 17, 2014) - Synodon Inc. ("Synodon") (TSX VENTURE:SYD), announces that it has secured SourceGas LLC as a new customer for its realSens™ remote airborne leak detection and other related pipeline integrity management services. SourceGas operates natural gas pipeline networks in Arkansas, Colorado, Nebraska and Wyoming and this initial order covers their entire Wyoming network.

In addition to this new client, a leading global resources company and one of the world's largest producers of major commodities has also engaged Synodon to survey a portion of their pipeline assets in Texas, which includes both liquid as well as gas lines. This company also has substantial interests in oil and gas assets in Australia and United Kingdom, among others.

The total amount of pipeline to be surveyed between these two contracts is about 3000 kilometers.

"We are very pleased to add two new pipeline operators to our roster of realSens™ customers" stated Adrian Banica, CEO of Synodon Inc. "Together with the previously announced new or renewed contracts, Synodon has already secured more revenue survey kilometers in the first 5 months of fiscal 2014 than in the entire fiscal 2013."

Synodon Inc. (www.synodon.com) is a technology company which has developed an advanced airborne remote gas sensing system called realSens™, based on technologies developed under the Canadian Space Program and by Synodon scientists. The company currently provides advanced airborne pipeline integrity management services to the oil and gas sector through a suite of services including natural gas and liquid hydrocarbon leak detection, pipeline threat assessments, and waterway crossings analysis among others.

SourceGas LLC (www.sourcegas.com) is a natural gas local distribution utility headquartered in Golden, Colorado. The company and its affiliates serve over 408,000 customers and operate over 18,290 miles of distribution, gathering and transmission pipeline, as well as storage facilities, in Arkansas, Colorado, Nebraska and Wyoming. The company and its affiliates also provide gas transportation, in-home HVAC and appliance service and sales, as well as gas commodity sales services to its natural gas customers.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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