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EDMONTON, July 19 /CNW/ - Seair Inc. (SDS:TSX Venture Exchange) is pleased to announce that it has been chosen by a major energy-services firm to pursue tailing and remediation projects in the oil sands region.
Seair is partnering with North American Energy Partners Inc. (NAEP) (NOA:TSX, NOA:NYSE), to bid on contracts for the treatment of water waste resulting from oil-sand production through NAEP's Tailings and Environmental Construction division.
This represents an important opportunity for Seair. New Alberta regulations mandate stricter requirements for water remediation. The industry will spend hundreds of millions treating tailings this year alone. Seair's technology has been proven to treat waste water more cheaply and efficiently than existing methods.
"We believe that teaming up with North American Tailings and Environmental, an established player, will enhance our credibility and our ability to get sales in this big and growing market," said Harold Kinasewich, Seair CEO. Warren Borysuk, General Manager of NAEP's Tailings and Environmental Construction division says "Seair brings a unique technology that enhances our ability to provide a complete tailings management service to the oil sands industry."
Seair is also pleased to announce it has engaged Uptick Communications Inc. ("Uptick") to perform investor and public relations services. In connection with this engagement Seair has granted Uptick 30,000 incentive stock options exercisable at $0.85 per share with a 5 year expiry.
Seair develops proprietary equipment that diffuses gases into liquids. The introduction of oxygen, ozone or carbon dioxide results in a supersaturated solution, that meets environmental standards and customer needs. Seair's patented technologies can produce extremely small bubbles which are more efficient than other diffusion technologies. Our technologies are used in a variety of applications in the oil and gas industry. We also service customers in such diverse fields as wastewater treatment, pulp and paper, food processing, aquaculture, agriculture/horticulture, sterilization, golf course irrigation and pond treatment and animal enhancement.
Seair is a leading developer of patent-protected diffusion and sterilization technologies, which allow for the efficient diffusion of gases into liquids, thereby facilitating numerous applications in a wide variety of industries, including wastewater treatment, pulp and paper production, food processing, aquaculture, agriculture/horticulture, sterilization, golf course irrigation and pond treatment, animal enhancement and oil and gas. Seair's primary focus is developing and selling equipment that diffuses gases, such as oxygen, ozone or carbon dioxide, into a liquid, resulting in a supersaturated solution. The major difference between Seair's and others' diffusion technologies is Seair's ability to achieve extremely small bubble size, which in turn allows for the mass transfer of gas to fluid. The result is a stable condition, where gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. Seair provides diffusion-enhanced portable wastewater treatment plants through its subsidiary, Seair Septic.
About North American Energy Partners Inc.
North American Energy Partners, through its operating subsidiary, North American Construction Group, is the largest construction and mining contractor in Canada's Oil Sands. The company has a 50 year history and has been operating in the Oil Sands for the past 30 years. It is the only contractor servicing all operational sites. Tailings and Environmental Construction represents a new service offering to be conducted under subsidiary, North American Tailings & Environmental. NAEP's trailing twelve month revenue was $759 million and EBITDA was $122 million.
Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to email@example.com or visit the Seair website at www.seair.ca.
This news release contains forward-looking statements relating to the future operations of the Seair Inc. and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "may", "should", "anticipate", "expects" and similar expressions. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Such forward-looking statements are subject to important risks, uncertainties and assumptions. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Seair Inc. As a result, we cannot guarantee that any forward-looking statement will materialize and the reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release are made as of the date of this news release, and Seair Inc. does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by Canadian securities law.
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.
SOURCE Seair Inc.
For further information: For further information: Harold Kinasewich, Seair Inc., T: 780 477 7188, F: 780 477 6622, E: firstname.lastname@example.org