SNTL
MANDEVILLE, La., April 4, 2013 /PRNewswire/ -- Syncronys International (OTC Pink: SNTL) is pleased to announce its subsidiary Seeker Technologies Ltd. (www.Seeker-Tec.com) signs additional sensor agreement.
Seeker Technologies, the wholly owned subsidiary of Seeker Tec Inc., has signed a new agreement with a British company for exclusive provision of additional sensor technology to non-military customers. This sensor will augment the current technology available from the company and has the potential to deliver further refinement and greater detail as an integral part of its airborne survey and mapping system.
Seeker Technologies uses a variety of sensors – including ground penetrating radar - to detect targets both on the surface and buried below ground. The data collected from up to six different sensors, carried on an aerial platform, is then processed to produce a human friendly high definition map, with 3D elements for use by field operatives. The integration of the data is achieved by a combination of in-house and outsourced processing producing a unique, range of geo referenced images covering the target area.
There are estimated 100 million landmines buried beneath the surface of the earth in post conflict countries, covering an area of more than 800 thousand square kilometres (excluding Iraq and Afghanistan) which are devastating many parts of the world economically, and killing and maiming thousands of civilians. In 2011 the Landmine Monitor stated that only two hundred square kilometres were cleared across the world in the previous twelve months, at a cost of over six hundred million dollars – approximately $3 million per sq. kilometre. Seeker Technologies will be able to survey large areas of land at an average of $150 thousand per sq. kilometre, and while the company will not actually remove the land mines, it will save the enormous cost of locating the landmines which accounts for up to 95% of what is spent in dealing with the problem. Once identified, the cost of removal is small and will be undertaken by existing in country specialist companies. Minefields can therefore be detected, isolated and unaffected land released back to agriculture and other commercial purposes. This process is referred to as Wide Area Reduction.
Funding is normally provided by Governments, non-government organizations (NGO's) but, increasingly, Seeker Technologies is in talks with companies with commercial interests – predominantly in oil and gas, as well as food (crop) producing companies- which have a significant economic interest in realizing value in their land assets.
"This is an important development for Seeker Technologies, as we aim to deliver the most up to date solutions in a constantly evolving technology sector. We are now, finally, able to offer our integrated sensor package to the market," commented CEO Mike Kendrick.
Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
SYNCRONYS INTERNATIONAL, INC.
REX GAY, CEO
800-382-7271
INFO@SYNCRONYSINTERNATIONAL.COM
SOURCE Syncronys International
