Synodon Announces Management Changes
(firmenpresse) - EDMONTON, ALBERTA -- (Marketwired) -- 05/07/15 -- Synodon Inc. ("Synodon" or the "Company") (TSX VENTURE: 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 realSens™. Under Adrian''s leadership, the company began generating revenue in 2010 and had its first profitable quarter in the quarter ending October 31, 2014.
"Adrian has made countless contributions to Synodon''s success and will continue to guide the Company with his unique insights, creativity and inspiration as a board member," stated Paul van Eeden, Synodon''s Executive Chairman. "We wish Adrian well and look forward to continue working with him in the board room."
In related news, Nimal Rodrigo was appointed as the Company''s Chief Operating Officer and Deborah Rodrigo was appointed as Chief Financial Officer.
"We are pleased that Nimal, who has served as the Company''s CFO for the past 7 years has accepted the responsibilities of COO and that Deborah, who has also served the Company as Controller for past 7 years has been promoted to CFO," said Paul van Eeden.
Synodon Inc. () is a technology company that 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.
Forward-Looking Statements
This press release includes forward-looking statements about Synodon Inc., including its business operations, strategy and expected financial performance and condition. 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.
In addition, any statements that may be made concerning future financial performance, ongoing business strategies and prospects, and possible future action on the Synodon''s part, are also forward-looking statements that reflect our current beliefs and are based on information currently available to us and on assumptions that we believe are reasonable. These assumptions include, but are not limited to, our ability to predict market demand for our products and services. 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 the Business" of Synodon''s 2014 MD&A. 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 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.
Contacts:
Synodon Inc.
Paul van Eeden
Executive Chairman
780.468.9568
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Datum: 07.05.2015 - 16:00 Uhr
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News-ID 1357376
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