Synodon signs partnership agreement with US Services Co Good to get some positive news in front of the unveiling of the 4th quarter financials this week, which I'm expecting will be good also.
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.