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EDMONTON, June 8 /CNW/ - Seair Inc. ("Seair" or the "Company")(SDS:TSX Venture Exchange) today announced the sale of two microbubble aeration systems to Canfor Taylor Pulp located in Taylor, British Columbia. The Canfor sale comes after an extensive period of testing and energy efficiency verification in conjunction with B.C. Hydro, during which it was confirmed the Seair system reduces energy required by the mill's effluent system by 3,800 megawatt hours per year. The expected savings in energy reduction alone will be in the range of $285,000 annually using current BC Hydro tier 2 pricing, equivalent to a 12 month payback purely on energy savings.
Conventional aeration systems are energy and maintenance intensive. Seair's systems deliver superior aeration results at a fraction of the cost. Moreover the extremely small footprint and relative mobility of Seair's systems makes them very versatile and easy to fit within existing facilities.
Craig Thomson, Energy and Environmental Supervisor at the Canfor mill, notes "we purchased our first Seair unit three years ago and continue to be impressed with its performance, reliability, and efficiency. With these additional units we believe we have obtained the optimal balance for our aeration system. Our mill is proof that environmental stewardship and superior economics are not mutually exclusive."
Harold Kinasewich, Seair's President and CEO, adds "the Taylor mill is the first full Seair implementation at a pulp mill. However, with B.C. Hydro's continued support we are presently demonstrating Seair's solutions at a number of other mills and we look forward to additional full implementations."
Seair has scheduled an investor conference call for Friday, June 11 at 10 am (Edmonton time) to discuss this sale and other recent Seair developments. All interested parties are invited to participate by calling 416-340-2216 or, toll free, 866-226-1792 at the scheduled call time. A replay of the call can be heard until June 18 by calling 416-695-5800 or 800-408-3053 (passcode 3174650).
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.
Seair Inc. is proud to have been selected as one of the "2008 TSX Venture 50", a ranking of the top 10 public venture capital companies in 5 industry sectors listed on the TSX Venture Exchange.
Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to firstname.lastname@example.org 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: email@example.com