Synodon Provides Corporate Update
By Marketwired News
By Marketwired News
EDMONTON, ALBERTA–(Marketwired – Feb. 4, 2016) – Synodon Inc. (“Synodon”, or the “Corporation”) (TSX VENTURE:SYD), announced that the refurbishment of its realSens™ gas leak detection instrument has been completed. The instrument was received, calibrated and utilized during January to complete a 1,300 kilometer leak detection survey for a customer in Texas.
Nimal Rodrigo, Synodon’s President, stated: “Our full attention and energy is focused on expanding our market penetration and increasing the value proposition of aerial leak detection for the oil and gas pipeline industry.”
Synodon is also pleased to announce that it has appointed Mahesh Liyanage from North Vancouver as its new Chief Financial Officer effective March 1, 2016. Mr. Liyanage brings twenty years of financial and audit experience, eight of which are as Chief Financial Officer of Canadian publicly listed corporations.
Paul van Eeden, Synodon’s Executive Chairman, said: “We are very pleased that Mahesh accepted our offer to join Synodon and we look forward to working with him in his capacity as Chief Financial Officer. I would also like to take this opportunity to once again thank Deborah Rodrigo for her significant contribution to Synodon. It has been a real pleasure to work with Deborah and all of us at Synodon wish her the very best.” Ms. Rodrigo has agreed to remain at Synodon and assist with the transition until April 11, 2016.
Synodon Inc. (www.synodon.com) provides advanced aerial integrity management services to oil and gas pipeline operators including natural gas and liquid hydrocarbon leak detection, pipeline threat assessment, vegetation encroachment, water crossing analysis and other custom services.
This press release includes forward-looking statements about Synodon Inc., including the anticipated benefits from the personnel changes. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as ‘expects’, ‘anticipates’, ‘intends’, ‘plans’, ‘believes’ or negative versions thereof and similar expressions.
Forward-looking statements reflect our current beliefs and are based on information currently available to us and on assumptions that we believe are reasonable. Actual results and developments may differ materially from the results and developments discussed in the forward-looking statements as they are subject to a number of significant risks and uncertainties which can be beyond our control. These include, but are not limited to, general economic conditions in the countries that we are pursuing contracts in, currency fluctuations and other changes in the competitive environment that Synodon operates in. For more information, please see the discussion on the principal risks that could affect our results under the section “Risks Relating to Our Business” of Synodon’s 2014 MD&A as updated in the interim MD&A filed during the 2015 fiscal year. The reader is cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements. Forward-looking statements in this press release are made to describe management’s expectations and assist shareholders in understanding our financial position. Readers are cautioned that the forward-looking statements presented in this press release may not be appropriate for other purposes. We are under no obligation (and expressly disclaim any obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise unless specifically required by applicable securities legislation.
Neither the 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.
Paul van Eeden