EDMONTON, July 24 /CNW/ - Seair Inc. (SDS:TSX Venture Exchange) is
pleased to announce it has entered into a letter of intent ("LOI") to form a
new entity, Seair Marine, to develop and market ozone-based marine ballast and
wastewater treatment systems. Seair is also pleased to announce successful
initial testing results for Seair Marine's prototype ballast water treatment
Pursuant to the LOI, Seair Marine participants include Plasma Technics
Inc. (developers of plasma block ozone generators), Guardian Manufacturing
Incorporated (a leader in control system design and integration), C.E. "Bud"
Leffler (executive with extensive experience in marine-based ballast and
wastewater treatment applications) and Seair Inc. Under the terms of the
non-binding LOI, each of the parties has agreed to assign exclusive access to
their respective technologies, processes and expertise to Seair Marine for
marine-based ballast and wastewater treatment applications. A more detailed
news release respecting the structure and business of Seair Marine will be
issued in due course.
The intake of ballast water leads to unintentional transportation of
potentially invasive organisms to non-native ports. Left untreated, these
organisms can have a very detrimental environmental impact when they are
discharged along with the ballast water. In recognition of this, legislation
is being introduced in the United States and internationally that mandates
ballast water treatment. For example, on April 24, 2008 the U.S. House of
Representatives passed the Coast Guard Authorization Act of 2008 that
stipulates that in 2009 shippers must begin installing ballast water treatment
systems that meet an interim standard in vessels that enter U.S. waters. If
enacted, all ships are required to have ballast treatment systems on board by
2014. Water quality standards for the treated ballast water will be ten times
more stringent than international standards that are set to take effect in
Seair Marine has developed and is currently testing a prototype of a
diffused ozone-based ballast water treatment system. Testing will continue in
both fresh and salt water locations, since the Seair Marine system is equally
applicable in either situation. Test results will be submitted to regulatory
authorities as part of the international certification program.
It is estimated that upwards of 40,000 ships will require retrofitting
with ballast treatment systems by 2014, in addition to any new vessels built
Bud Leffler, who has previously developed and installed first generation
ballast treatment systems, states "I am confident that the Seair Marine system
will emerge as the best available technology. Our design is safe and effective
with very low operating costs, particularly since there are no consumables.
The small footprint and automated processes will make it easy for customers to
fit Seair Marine systems into their ships. After watching the ballast
treatment market percolate for a number of years, I'm excited to be part of
this exceptional team just as the global market starts to open up."
Adds Harold Kinasewich, Seair Inc.'s President and Chief Executive
Officer, "having seen our system in action I am confident Seair Marine will
win a significant share of this large emerging market. With system prices
expected to range between $250,000 to over $1 million we look to ballast water
treatment as a major financial growth opportunity for Seair and our partners."
About Guardian Manufacturing Incorporated
Since incorporation in 1993, Guardian has grown to be a leader in control
system design and integration. They are a diversified company that's
recognized as one of the leading providers of integration solutions and
products for the automotive, home building products, space, entertainment,
pharmaceutical and agricultural industries. Headquartered in Cocoa Florida,
Guardian's reach is worldwide with products and systems installed throughout
the United States, Canada, Europe, South America, Thailand, China and Turkey.
About Plasma Technics Inc.
Plasma Technics, Inc. ("PTI"), incorporated in 1991, is a leading
worldwide original equipment manufacturer ("OEM") supplier of cutting edge
products to the ozone industry, such as high-quality inverters, high-voltage
transformer products, and the revolutionary Plasma Block(R) ozone cell. This
robust line of ozone generators withstands environmental conditions that
destroy most conventional ozone systems. Reliable performance under
temperature extremes, high operating pressure, and vibration enhances value.
With UL and CSA approvals and a world-wide patent pending, this advanced
product family is energy efficient, compact, safe and silent, making it an
ideal match for marine applications. PTI is based in Racine, Wisconsin.
About C.E. "Bud" Leffler
Bud has been a V.P. of Siemens Energy and Automation Service Co. and has
also been the CEO of several private and public companies. He has patents on a
number of devices, several on water treatment systems and on ballast water
treatment in particular. His work on ballast treatment systems began over 10
years ago and he has successfully designed and tested several systems. He has
led the efforts from the laboratory through land based testing. He had worked
closely with Carnival Corporation and had developed a prototype system that
was tested aboard the Carnival ship "Elation". This led to a contract for the
first commercial sale of a ballast system to Carnival.
About Seair Inc.
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.
This news release contains certain forward-looking statements that
reflect the current views and/or expectations of Seair Inc. with respect to
its performance, business or future events, and in particular with respect to
the anticipated creation of Seair Marine Inc. and the probably market for
ballast water treatment units. Such statements are subject to a number of
risks, uncertainties and assumptions, including but not limited to the ability
of the parties to negotiate and enter into a mutually agreeable definitive
agreement or agreements, the ability of Seair Inc. and Seair Marine Inc., if
incorporated, to receive required governmental and regulatory approvals for
the proposed transactions and the wastewater treatment units, and changes in
national and international governmental policies relating to the installation
of ballast water treatment units. Actual results and events may vary.
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.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Harold Kinasewich, Seair Inc., T: (780)
477-7188, F: (780) 477-6622, E: firstname.lastname@example.org