TSX Venture Exchange Symbol SNV
VANCOUVER, March 13 /CNW/ - SONIC Technology Solutions Inc. ("SONIC" or
"the Company": TSX-V:SNV) confirmed today that it has applied for its second
process patent relating to the use of sonic energy in the non-conventional oil
sector. SONIC's application (USPTO Provisional Application for Patent No.
61/035,690 - "Methods for Upgrading Heavy Oil") relates to the work the
Company has undertaken in collaboration with PetroSonic Energy Systems Inc.
SONIC's latest Sonoprocess(TM) is expected to enable heavy oil producers
to improve the viscosity and API (American Petroleum Institute gravity) of
heavy oil in upstream and midstream processes without the need to blend with
lighter oils. SONIC's process is very energy efficient relative to
conventional refining and, thus, makes the overall industry production
petroleum products from heavy oil more efficient by reducing the refining
Traditional heavy oil and oil sands deposits are vital to satisfying
world oil demand. Heavy crude oils and bitumens comprise two thirds of total
global hydrocarbon resources and the greatest growth in the supply of oil is
expected to come from these sources(1). Heavy oil and bitumen must both be
partially upgraded prior to further processing, transport and distribution.
Adam Sumel, SONIC's CEO, commented, "Following the positive results from
our recent development and test work, this patent filing will expand and
extend SONIC's competitive position. Perhaps more importantly, this latest
collaborative innovation is evidence of the progress the Company has made in
diversifying Sonoprocess(TM) technology in major industry sectors".
SONIC conducted the work at its Sonoprocess(TM) Development and
Demonstration facility in British Columbia where the Company is concurrently
working on other opportunities. Under SONIC's collaboration agreement,
PetroSonic holds an option to licence its heavy oil Sonoprocess(TM).
SONIC at Globe 2008 in Vancouver
SONIC is an exhibitor at Globe 2008 currently taking place in Vancouver.
The Company has several collaborations for Sonoprocess(TM) technologies based
on the Company's core sonic generator technology. The Sonoprocess(TM) fits the
theme of Globe 2008 perfectly by enabling more sustainable, efficient and
economic processes across the entire spectrum of process industries, which
collectively impose one of the largest carbon footprints. Sonic is proud to be
a supporter and participant of Globe 2008.
Sonoprocess(TM) technology - Sustainable - Efficient - Economic -
This document includes forward-looking statements, including
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements include, but are not
limited to, statements concerning the potential benefits of Sonic's
technology, the potential for commercialization and future application of the
heavy oil upgrading technology, and other statements which are not historical
facts. When used in this document, the words such as "could," "plan,"
"estimate," "expect," "intend," "may," "potential," "should," and similar
expressions relating to matters that are not historical facts are
forward-looking statements. Although SONIC believes that its expectations
reflected in these forward-looking statements are reasonable, such statements
involve risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking statements.
(1) See independent sources such as Schlumberger or CIBC World Markets
For further information:
For further information: Adam Sumel, President and CEO, SONIC Technology
Solutions Inc., Tel: (604) 736-2552 Or Email: info@SONICTSI.com