Synodon Inc.
TSX VENTURE : SYD

Synodon Inc.

February 23, 2015 08:00 ET

Synodon Signs Partnership Agreement With US Pipeline Services Company

EDMONTON, ALBERTA--(Marketwired - Feb. 23, 2015) - Synodon Inc. ("Synodon") (TSX VENTURE:SYD), announced that it has signed a partnership agreement with Gateway Services Group ("Gateway") headquartered in Oklahoma, United States. Gateway is an energy services company with over 18 years of experience in the oil and gas industry. In addition to offering pipeline construction and reclamation experience and expertise, Gateway provides survey, mapping, and drafting services for its pipeline clients. Additionally, Gateway uses Light Detection and Ranging (LiDAR) technology via a helicopter-mounted platform for certain survey projects.

The partnership agreement allows for the combination of Gateway's helicopter and industry relationships and Synodon's realSens™ technology, leading to enhanced service offerings for both companies. Under the agreement, the two companies will jointly market Synodon's realSens™ aerial integrity management services to oil and gas companies in the United States and particularly to Gateway's existing pipeline customers.

"Synodon is very pleased to initiate this collaboration agreement as we value the strong relationships that Gateway has built with more than 120 pipeline operators in the Texas and Oklahoma region over the last 18 years," says Adrian Banica, CEO of Synodon. He added that, "we look forward to working closely with Gateway to help bring our realSens™ solutions to their customers as a complement to the services which Gateway already provides."

"This agreement is a refreshing news story for the oil and gas industry in the wake of so much bad news about the many halted drilling projects and job cuts," stated Jimmy McGuire, Owner of Gateway. He continued by saying that, "we are excited for the future of Gateway and Synodon working together, and our international partnership with them is expected to promote better safety for the protection and preservation of pipeline infrastructure."

The partnership agreement is going to be presented and discussed further at a media event scheduled for Friday, February 27, 2015 in Oklahoma City, OK.

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.

Gateway (www.GatewayOK.com), established in 1997, is an Oklahoma-based energy services company with offices spread throughout Oklahoma and Texas. The company provides services to the oil and gas industry like survey, drafting, mapping, pipeline construction, environmental, and safety. Gateway is able to service much of the midcontinent region with its menu of energy services.

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 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 outcomes expected from the partnership agreement, but actual results may be affected by a variety of variables and risks such as any increase in competition, general economic conditions (including current exchange rates), technological changes, 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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