Sonic enters into agreement for heavy oil process



    TSX Venture Exchange - Symbol: SNV

    VANCOUVER, May 24 /CNW/ - Sonic Environmental Solutions Inc. (SNV-TSX
Venture Exchange) ("Sonic") today announced that it has entered into an
agreement with PetroSonic Energy Systems Inc. ("PetroSonic") for the
development of a crude heavy oil upgrading and processing system utilizing
Sonic's patented technologies.
    Under the terms of the agreement, PetroSonic will collaborate and fund
the initial development of a new heavy oil Sonoprocess(TM) for the upgrading
and processing of heavy oil. The first stage of the agreement is designed to
confirm the development concept, after which Petrosonic will engineer and
install a complete prototype plant to optimize the design variables of the
system.
    Following the successful completion of the first stage, Sonic will have a
40% interest in PetroSonic and will work together with PetroSonic on a
prototype installation directly in the field. PetroSonic has an obligation to
fund the creation of the prototype plant, subject to Sonic's option to fund
its pro rata share.
    By integrating Sonic's industrial-scale technology into an upgrading
Sonoprocess(TM) for heavy oil, PetroSonic expects to be able to significantly
improve the economics of the midstream processes. Upon successful
demonstration of the prototype plant, PetroSonic will have a right to obtain a
global license from Sonic to use the process, subject to paying a royalty to
Sonic. PetroSonic anticipates that its contacts with oil producing companies
should enable development and commercial revenues to be fast-tracked.
    Dr. David Kahn, PetroSonic's CEO, commented "The projected reduction in
conventional oil production over the next 10 years requires development of
heavy oil and bitumen deposits in order to sustain global demand. PetroSonic
is focused on adding value in the growing utilization of heavy oil reserves.
We have evaluated and selected Sonic's technology to help achieve our goals in
this area."

    About PetroSonic

    PetroSonic was founded by CEO Dr. David Kahn in conjunction with Sonic
and strategic investors, specifically to develop an economic process for
upgrading heavy oil from small and medium producers while addressing the
concerns of the producer, pipelines and refineries. PetroSonic's business
strategy is to provide operating plants to heavy oil producers in exchange for
processing fees while co-generating an upgraded product and steam. PetroSonic
will provide innovative technology solutions and services to the oil and gas
energy sector. Dr. Kahn specializes in heavy oil production and processing and
has worked with successful heavy oil companies that have later been acquired
by companies such as Ivanhoe Energy, Pearl Exploration and Production Ltd. and
MegaWest Energy Corp.

    About Sonic

    Sonic develops and markets Sonoprocess(TM) technologies utilizing the
Company's core patents for industrial scale sonic generators. Sonic is
currently developing proprietary Sonoprocess(TM) applications in collaboration
with industry partners to better meet the needs of major process industries
such as concrete and oil. Sonic's first commercially operated Sonoprocess(TM)
is incorporated in the Sonic Treatment System for the remediation of soils
contaminated with persistent organic pollutants such as PCB and is marketed in
North America and internationally.

    The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. This press
release contains "forward looking statements" within the meaning of applicable
Canadian securities legislation. The words "could", "plan", "expect",
"estimate", "anticipate", "project", "predict", "intend", "may", "potential",
"believe" and similar expressions and variations thereof are forward-looking
statements. These include, but are not limited to, statements respecting
anticipated business activities, outcomes of research and development projects
with respect to new sonoprocesses, estimated timing of the phases of such
research and development projects, planned expenditures, corporate strategies,
and participation in projects and financings and any other statements that are
not historical facts. 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
Sonic's periodic filings with Canadian securities regulators. 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. Such information contained herein represents
management's best judgment as of the date hereof based on information
currently available. The reader is cautioned not to place undue reliance on
forward-looking statements. Sonic undertakes no obligation to publicly revise
these forward-looking statements to reflect events or circumstances that arise
after the date of this filing. You should carefully review the cautionary
statements and risk factors contained in this and other documents that we file
from time to time with the Canadian securities regulators.





For further information:

For further information: Robin Cook, Account Manager, CHF Investor
Relations, Tel: (416) 868-1079 ext. 228, Fax: (416) 868-6198, Email:
robin@chfir.com

Organization Profile

Sonoro Energy Ltd.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890