2012-03-05 14:58:01 -
For Immediate Release
Edmonton, Alberta - March 5, 2012 - Synodon Inc. (TSXV-SYD"Synodon") announces that the United States Patent Office has awarded it a third, broad Patent for its realSensTM technology. The apparatus patent covers the implementation of the gas filter correlation radiometer (GFCR) using a novel, bi-prism optical element to create the two measurement paths typical in all GFCRs. The patent is not application specific and covers any potential gas sensing market that realSensTM could be deployed into.
realSensTM is an advanced gas remote sensing GFCR instrument that is mounted on a helicopter and pointed at the earth surface below. As the helicopter flies over an area of interest, realSens(tm) collects measurements which, once processed and analyzed, yield information about the
amount of gas present in the surveyed area.
All GFCR implementations split the radiation entering the instrument into two paths, one acting as a reference while the second one is passed through a sample of the gas to be measured. This optical split can be accomplished by a number of means such as a prism, scanning mirror, etc. The novel solution that Synodon uses to split the energy, namely a bi-prism beam splitter, brings about two significant advances: a) it allows for the co-location of the two path's infrared detectors in very close proximity to each other and in the same thermal environment; and, b) it allows the energy for both signal paths to share the same optical chain. The practical results of this configuration are a very small and efficient optical system as well as significantly decreased measurement noise which in turn translates into the ability to detect smaller amounts of gas.
"We are very pleased to add this very important patent to our IP portfolio. This brings the total number of patents secured by our company to 5, three in the United States, one in Canada and one in the EU, with a number of other ones still under review," stated Adrian Banica, Chief Executive Officer of Synodon. "We believe that this portfolio now secures all three aspects of our business, the technology implementation and its application to the pipeline leak detection market as well as a major part of the data analysis method. This patent also allows Synodon to potentially target a number of new market opportunities for realSens? in the future either directly or through licensing."
Synodon also announces that it has issued 1,750,000 incentive options ("Options") of which 1,475,000 were issued to Directors and officers of the Corporation, to purchase common shares, exercisable at $0.18 per Option. The Options have been issued pursuant to Synodon's Share Option Plan and vest on October 31, 2012. These, in part, replace the 410,000 options granted to Directors of the Corporation that expired In January 2012.
Synodon Inc. (www.synodon.com)is a technology company which 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 provides a full service gas emissions monitoring and quantification service to a variety of industries, including hydrocarbon (oil and gas), environmental and agricultural, and for a variety of gases including methane, ethane and ammonia.
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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.
Statements in this release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed under the heading "Risks Relating to the Business", specifically in the "Additional Financing" section, and elsewhere in the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available.
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