GREY:SYXXF - Post by User
Post by
AimHigh8on Jan 13, 2015 7:40am
138 Views
Post# 23312434
Synodon news!
Synodon news! Current Synodon Customer Renews realSens™ Contract for a 3-Year Term
EDMONTON, ALBERTA--(Marketwired - Jan. 13, 2015) - Synodon Inc. ("Synodon") (TSX VENTURE:SYD), announces that following an initial 1-Year service contract that concluded in December 2014, one of its United States based customers ("Customer") has re-signed a realSens™ pipeline integrity management services contract for a 3-Year term. This new contract requires quarterly (or bi-annual for some sections) survey flights for their Barnett shale gas gathering pipeline infrastructure. As was the case with the previous contract in 2014, other sections of the Customers' network could potentially be added to the contract in each one of the service years. The value of the 3-Year contract is roughly $1 million Cdn but could increase to more than $1.5 million Cdn with the potential additions.
"We are very pleased to receive this expanded, 3-Year order as a continuation on a successful initial contract and to continue to provide our Customer with integrity intelligence about their pipeline networks and facilities. We look forward to working with this prominent gas producer at addressing other integrity needs as well as expanding further into other territories as required over the coming months", stated Adrian Banica, CEO of Synodon Inc.