TSX Venture Exchange Symbol: SNV
VANCOUVER, June 23 /CNW/ - SONIC Technology Solutions Inc. ("SONIC" or
"the Company") is pleased to report that the Company and Shell Canada Energy
("Shell") have jointly filed a patent application for the recovery of bitumen
from oil sands. The patent application was filed jointly under a Collaboration
Agreement between SonoOil and Shell. SonoOil is a wholly-owned subsidiary of
SONIC working with Shell to develop oil sand extraction process innovations.
The application was made in Canada and filed under the PCT (Patent
Cooperation Treaty), allowing for submissions to other national jurisdictions
to be made later. The application builds on earlier work by SONIC as described
in an earlier provisional patent application and incorporates further work
conducted and funded by Shell.
Adam Sumel, CEO of SONIC, said, "We are very pleased that Shell's
progress to date has borne out our earlier proprietary work which has now been
strengthened with Shell's additional results. The details of the innovation as
disclosed in the patent application will be available when the application is
published by the Patent Office."
SONIC's core operations are centered on its PetroSonic heavy oil
upgrading process except for specific collaborations independently funded and
developed for commercial use, such as the Agreement with Shell and our recent
Joint Venture with Nalco Mobotec. The Company's work on oil sands has shown
potential in several aspects of existing oil sands operations as well as in
the fundamental separation and recovery aspects.
The Company has now developed a number of high value proprietary
applications, referred to as a Sonoprocess(TM). SONIC's Sonoprocess(TM)
originates from the enhancing effect of its sonic reactor technology. The
Company's sonic reactors are high-amplitude/low-frequency devices that produce
unique effects to create high mass transfer conditions for improved and
sustainable processes. The Company focuses on the industrial and energy
sectors, primarily heavy oil.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. Statements in
this release that are forward-looking statements are subject to various risks
and uncertainties concerning the specific factors disclosed under the heading
"Risk Factors" and elsewhere in the Company's periodic filings with Canadian
securities regulators. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. The Company does not assume the obligation to update any
For further information:
For further information: Chief Executive Officer, Adam Ranjit Sumel at:
Tel: (604) 736-2552, Email: info@SONICTSI.com or asumel@SONICTSI.com;