Synodon Inc (SYXXF) 0.1163 $SYXXF Synodon Annou
Post# of 273230
Synodon Announces Management Changes
Marketwired - Thu May 07, 5:01PM CDT
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.
SYD.VN: 0.125 (-0.015)
Synodon Signs Multi-Year, Triannual Contract With Oil Pipeline Operator
Marketwired - Thu Apr 30, 7:02AM CDT
Synodon Inc. ("Synodon" (TSX VENTURE: SYD) announces that it has signed a 3-Year contract with an existing customer for realSens(TM) integrity services covering the customer's oil pipeline infrastructure as well as their smaller natural gas network. The new contract expands the frequency of surveys from one to three times per year and is testament to the market's adoption of Synodon's oil leak detection offering in addition to the well-established gas leak detection capabilities of its realSens(TM) instrument.
SYD.VN: 0.125 (-0.015)
Synodon Announces the Settlement of Its Outstanding Obligation to AVAC
Marketwired - Wed Apr 15, 8:32PM CDT
Synodon Inc. ("Synodon" (TSX VENTURE: SYD) announces that it has reached an agreement with AVAC Ltd. to exit from its investment agreement and settle its repayment obligation of a royalty on revenue for an amount that management believes approximates the estimated net present value of the outstanding commitment to AVAC. The agreement provides that the first priority security on Synodon's assets will be released.
SYD.VN: 0.125 (-0.015)
Synodon Announces Closing of Financing
Marketwired - Mon Apr 06, 3:34PM CDT
Synodon Inc. ("Synodon" (TSX VENTURE: SYD) announces the closing of the previously announced $3 million bridge loan facility (the "Bridge Loan" with Cranberry Capital Inc. ("Cranberry Capital", a private Canadian holding company owned by Mr. Paul van Eeden. The Bridge Loan has been put in place to ensure the continuing operations of Synodon and allow it to proceed with the construction of two additional realSens(TM) instruments until such time as more permanent capital can be put in place. The Bridge Loan bears interest at 12% per annum and Cranberry Capital was paid a setup fee of $100,000 in conjunction with the loan. Interest will be payable monthly in cash in arrears. The Bridge Loan has a maturity date of March 31, 2016. The Bridge Loan includes certain customary events of default, including a change of control of Synodon. It is also an event of default if Mr. van Eeden ceases to own at least 20% of Synodon or if he involuntarily ceases to be Executive Chairman. The Bridge Loan is secured by the assets of Synodon. The Bridge Loan is expected to be serviced with cash flow from operations until such time as Synodon can raise sufficient capital from issuing equity to pay down the Bridge Loan. The net proceeds of any such equity financing are required to be used to repay the Bridge Loan prior to any other use thereof.
SYD.VN: 0.125 (-0.015)
Synodon Announces Appointment of Executive Chairman
Marketwired - Thu Mar 19, 10:35AM CDT
The Board of Directors of Synodon Inc. (TSX VENTURE: SYD) is pleased to announce the appointment of Mr. Paul van Eeden as Executive Chairman of the company. Ms. Nancy Laird, the current Chair of Board, has been appointed as the company's Lead Director.
SYD.VN: 0.125 (-0.015)
Synodon Generates Positive Net Income in Q4-2014
Marketwired - Mon Mar 02, 8:03AM CST
Synodon Inc. (TSX VENTURE: SYD) today announced results for the fourth quarter and year ended October 31, 2014. Revenue grew 222% in Q4-2014 to $1,299,850 from $403,126 in Q4-2013. Revenue for the full year increased 186% to $2,084,551 from $729,172 in fiscal 2013. Gross margin was 76% in Q4-2014 compared to 50% in Q4-2013 and increased to 66% for the full year ended October 31, 2014.
SYD.VN: 0.125 (-0.015)
Synodon Receives FAA Flight Certification for Smaller Helicopter
Marketwired - Mon Feb 02, 7:03AM CST
Synodon Inc. ("Synodon" (TSX VENTURE: SYD), announces that the Federal Aviation Administration (FAA) has issued a Supplemental Type Certificate (STC) approving the installation of Synodon's realSens(TM) system on Bell 206B Jet Ranger type helicopters registered and operating in the United States. Synodon already holds an STC for this helicopter in Canada as well as STC's in both Canada and United States for the larger Bell 206L Long Ranger. Synodon has been operating exclusively on the costlier Bell 201L Long Ranger helicopter in the United States until now.
SYD.VN: 0.125 (-0.015)
Current Synodon Customer Renews realSens(TM) Contract for a 3-Year Term
Marketwired - Tue Jan 13, 6:01AM CST
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(TM) 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.
SYD.VN: 0.125 (-0.015)
Synodon Signs Collaboration Agreement With Spanish Pipeline Service Company
Marketwired - Wed Dec 03, 6:01AM CST
Synodon Inc. ("Synodon" (TSX VENTURE: SYD) announces that at an earlier ceremony organized by the Managing Director of the Agency for Local Development ("PROMALAGA" for the City of Malaga, it has signed a Collaboration Agreement with Aganova Grupo ("Aganova", a natural gas and water pipeline inspection service provider headquartered in Malaga, Andalucia, Spain.
SYD.VN: 0.125 (-0.015)
Methane Leak Detection Technology Becoming More Popular with Oil and Gas Industry
ACCESSWIRE - Tue Jul 29, 10:01AM CDT
Dallas, TX / ACCESSWIRE / July 29, 2014 / Synodon Inc. [TSXV-SYD] announced on July 17 the renewal of its services from one of its major clients in British Columbia. Synodon, based in Edmonton, is a company that uses advanced technology to detect methane leaks from natural gas pipelines, with clients throughout the oil and gas industry.
SYD.VN: 0.125 (-0.015)
Synodon Client Renews and Expands realSens(TM) Services Contract
Marketwire - Thu Jul 17, 6:31AM CDT
Synodon Inc. ("Synodon" (TSX VENTURE: SYD), announces that one of its clients, which had purchased realSens(TM) airborne integrity management services through an initial contract in 2012, has renewed its engagement of Synodon's services for their entire British Columbia gas transmission infrastructure. The surveys will cover roughly 2,600 kilometers of pipeline right-of-way, a 4 fold increase over the initial contract, and extends from Vancouver in the South all the way to Fort Nelson in the North.
SYD.VN: 0.125 (-0.015)