Synodon Inc.

Synodon Inc.

May 15, 2014 09:00 ET

Synodon Secures $1.2 Million in New Contracts from Three Repeat Customers

EDMONTON, ALBERTA--(Marketwired - May 15, 2014) - Synodon Inc. ("Synodon") (TSX VENTURE:SYD) announces that is has secured $1.2 million in new realSens™ services contracts from three pipeline operators located in Texas, Alberta and British Columbia. These companies have been previous realSens™ customers and all have increased the amount of surveyed pipeline, two of the operators to 100% of their networks. The total survey length between the three companies is more than 12,700 kilometers of natural gas and crude oil pipelines. The contracts require the provision of a variety of services including gas and oil leak detection, pipeline threat assessment, vegetation encroachment analysis, pipeline zone classification as well as a number of custom services based on specific customer needs.

Adrian Banica, Synodon CEO said, "We are very pleased to not only continue to service our customers but at the same time be entrusted to survey their entire networks and provide more of our value-added services. With these contracts, the volume of work we have already signed for this fiscal year is more than double last year's".

Synodon Inc. ( 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 provides a full service gas emissions monitoring and quantification service to a variety of industries, including hydrocarbon (oil and gas), environmental and agricultural, and for a variety of gases including methane, ethane and ammonia.

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.

Forward-Looking Statements

Statements in this release that are forward-looking statements include Syndon's expectations regarding the revenue to be obtained from these new contracts and these statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and elsewhere in the Corporation's periodic filings with Canadian securities regulators, which could cause actual results or events to differ materially from these indicated by such forward-looking statements. The Corporation believes that the expectations reflected in this news release are reasonable including the estimate of expected revenue, but actual results may be affected by a variety of variables and risks such as the inability to complete the work, change orders submitted by a customer, general economic conditions, as well as risks and variables associated in general with the Corporation's industry. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. Unless otherwise required by applicable securities laws, the Corporation does not intend nor does it undertake any obligation to update or review any forward-looking statements to reflect subsequent information, events, results, circumstances or otherwise.

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