Under the Symbol:
Seair Announces Recent Development in the Middle Eastern Oil & Gas Market
Monday, September 28, 2015 10:51 AM
CALGARY, AB / ACCESSWIRE / September 28, 2015 / Seair (TSXV: SDS) is pleased to report it has executed a confidentiality agreement with Petroleum Development Oman (PDO) with the intent to run a major field trial of its proprietary SWEET(TM) technology in a large polymer flood operation. "We welcome the opportunity to run this trial and to work closely with our client, PDO to demonstrate the strength of our technology and to achieve a successful outcome for both parties," said Kyle Greene, Seair CTO. The trial is expected to commence over the next few months.
In April of 2015, Seair announced its partnership with Renewable Fluid Services, LLC and UAE based Al Mansoori Specialized Engineering to address the multi-billion dollar produced water market in the Middle East. "As we anticipated, the Seair/Renewable Fluid Services/Al Mansoori team will uncover and drive forward de-oiling projects in that very important region. This is the first of many such opportunities," said Jeff Seibert, Seair CEO.
"The Seair technology is very impressive and has captured the attention of the market here in the Middle East said Nabil Al Alawi, Chief Executive of Al Mansoori Specialized Engineering. "Working through our long term relationship and representative, 'Renewable Fluid Services, LLC', we look forward to commencing this important trial at one of the key producers in the region."
"Seair's patented SWEET(TM) technology provides unmatched, ultra-efficient and cost effective separation of oil (up to 99.9+%) from various produced waters, greatly enhancing the de-oiling process and providing Seair a significant edge in a market which is one of the cornerstones of Seair's business development strategy."
About Seair Inc.
Seair Inc. is a Calgary based cleantech company. Seair has commercialized proprietary technology that can diffuse gases, such as oxygen, ozone and carbon dioxide, into liquids more effectively and with lower power consumption than the competition. Seair's patented technologies can produce micron size bubbles that are more efficient than other diffusion technologies because the diffused gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. Seair has been working with customers in the Oil and Gas industry for over five years. Seair applications include oil sands SAGD water solutions, frac and produced water treatment, industrial ponds treatment, mine dewatering/treatment, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment and most recently, industrial emissions treatment. Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to [email protected] or visit the Seair website at www.seairinc.com.
Statement Regarding Forward-Looking Information
This news release of Seair contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Seair's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipated," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include market size estimates or product timing. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Seair's expectations. Seair undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
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.
Jim Laird, CFO
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SOURCE: Seair Inc.