Archive for 'News'

Synodon Announces Management Changes

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Edmonton, Alberta
May 7, 2015

Synodon Inc. (“Synodon” or the “Company”) [TSXV-SYD] announced that Adrian Banica, the Company’s founder, has decided to relinquish his duties as President for personal reasons. Mr. Banica will remain a director of the corporation. Adrian founded Synodon in August 2000 and his extraordinary vision guided Synodon during ten years of research and development of a proprietary remote gas sensing instrument called realSensTM. Under Adrian’s leadership, the company began generating revenue in 2010 and had its ...

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Synodon Signs Multi-Year, Triannual Contract with Oil Pipeline Operator

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Edmonton, Alberta
April 30, 2015

Synodon Inc. (“Synodon”) [TSXV-SYD] announces that it has signed a 3-Year contract with an existing customer for realSensTM integrity services covering the customer’s oil pipeline infrastructure as well as their smaller natural gas network. The new contract expands the frequency of surveys from one to three times per year and is testament to the market’s adoption of Synodon’s oil leak detection offering in addition to the well-established gas leak detection capabilities of its realSensTM instrument.“This agreement ...

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Synodon announces the settlement of its outstanding obligation to AVAC

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Edmonton, Alberta
April 15, 2015

Synodon Inc. (“Synodon”) [TSXV-SYD] announces that it has reached an agreement with AVAC Ltd. to exit from its investment agreement and settle its repayment obligation of a royalty on revenue for an amount that management believes approximates the estimated net present value of the outstanding commitment to AVAC. The agreement provides that the first priority security on

Synodon’s assets will be released.

For more information, please contact:
Synodon Inc.
Adrian Banica
President
Phone: 780.468.9568

Forward-Looking Statements

This press release includes ...

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Synodon Announces Closing of Financing

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Edmonton, Alberta April 6, 2015

Synodon Inc. (“Synodon”) [TSXV-SYD] announces the closing of the previously announced $3 million bridge loan facility (the “Bridge Loan”) with Cranberry Capital Inc. (“Cranberry Capital”), a private Canadian holding company owned by Mr. Paul van Eeden. The Bridge Loan has been put in place to ensure the continuing operations of Synodon and allow it to proceed with the construction of two additional realSens™ instruments until such time as more permanent capital can be put in place. ...

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Synodon announces appointment of Executive Chairman

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The Board of Directors of Synodon Inc. (TSX.V: SYD) is pleased to announce the appointment of Mr. Paul van Eeden as Executive Chairman of the company. Ms. Nancy Laird, the current Chair of Board, has been appointed as the company’s Lead Director. In a press release on March 2, 2015, Synodon announced the company’s financial results for the year ended October 31, 2014. This included encouraging growth in revenues resulting in a profitable fourth quarter.

Ms. Laird commented: “The three-fold growth ...

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