This press release is not for distribution to United States Newswire Services or for dissemination in the United States.
EDMONTON, May 10, 2012 /CNW/ - Seair Inc. (SDS:TSX Venture Exchange) is pleased to announce that an oil sands research project in which Seair is participating in conjunction with the Northern Alberta Institute of Technology (NAIT) and a number of other leading companies has been selected to receive funding from the College and Community Innovation (CCI) Program. The project, which will focus on Oil Sands Environmental Sustainability, is one of 60 that will receive funding under CCI over the next five years. Projects are selected for funding following a peer-reviewed competition.
The CCI Program is managed by the Natural Sciences and Engineering Research Council of Canada (NSERC), in collaboration with the Social Sciences and Humanities Research Council of Canada and the Canadian Institutes of Health Research. Further information about NSERC and CCI can be obtained at www.nserc-crsng.gc.ca.
Harold Kinsewich, Seair's President and CEO, notes "Seair has been and continues to be involved in a variety of research and development initiatives with a number of oil sands companies, as well as academic institutions. Having NSERC select this project for funding support confirms Seair is on track to commercializing environmentally superior solutions for the oil sands."
Seair develops proprietary equipment that diffuses gases, such as oxygen, ozone and carbon dioxide, into liquids. Seair's patented technology produces extremely small bubbles, making it far more efficient than other diffusion technologies. Off-gassing is virtually eliminated and gases remain dissolved in solution for extended periods of time, leading to increased productivity and lower operating costs. This, in turn, facilitates gas-based treatment of complex and challenging wastewater and allows Seair to provide full water reuse and closed loop systems.
Seair applications include the treatment of water used in oil and gas industry operations such as hydraulic fracturing, oil sands/SAGD water solutions and the treatment of water produced with hydrocarbons. Other applications include efficient aeration of industrial ponds, mine dewatering, end-to-end sewage treatment for remote work camps and permanent residential communities and golf course irrigation and pond treatment.
Seair is recognized as one of the top 5 Clean Tech companies on the TSX Venture Exchange as part of the 2012 TSX Venture 50 program.
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.
For further information:
T: 780 477 7188
F: 780 477 6622