Seair Inc. Announces Results of Annual and Special Meeting of Shareholders and the Election of Two New Directors
June 19, 2015 (Source: Marketwired) — NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS.
Seair Inc. (TSX VENTURE:SDS) (“Seair” or the “Company“) is pleased to announce that on June 18, 2015, its shareholders (the “Seair Shareholders“) approved each of the resolutions placed before them at an annual and special meeting of shareholders (the “Meeting“). In particular, the Seair Shareholders approved: (i) the election of directors, (ii) the appointment of Seair’s auditors, and (iii) Seair’s 10% rolling stock option plan.
Seair is pleased to announce the addition of two new members to the Board of Directors, subject to approval by the TSXV. Mr. Samrat Karnik and Mr. Francis McKeever, elected at the Meeting.
Samrat Karnik is a Managing Director at Headwaters MB, a Denver, CO based investment banking and advisory firm. Mr. Karnik has 15 years of middle-market corporate finance advisory experience with a particular focus on companies in energy efficiency and water & environmental technology sectors. Prior to joining Headwaters MB, Mr. Karnik was a senior banker in the M&A and Industrial Groups of both Duff & Phelps and Houlihan Lokey where he was responsible for providing investment banking advisory services to companies in the Industrial and Water Technologies sectors. Throughout his career, Mr. Karnik has been privileged to work with a number of public and private water technology companies on their strategic, financing and M&A initiatives. “Seair is a promising young company at the heart of the water-energy nexus with a proven solution in oil-water separation. I am honored to be invited to join as a board member and look forward to being part of the company’s future as a director.”
Francis McKeever is a senior executive with extensive Global water sector experience, gained in both publicly listed and venture capital owned organizations. He is currently serving as Chief Executive Officer of Memsys GmbH, a company based in Munich Germany with offices in Holland and Singapore that is developing and marketing a proprietary thermal desalination technology. Prior to Memsys, Mr. McKeever served as Executive Vice President of APT Water Asia Pacific based in Singapore, and as Vice President of Pall Corporation’s Water Processing division in the Asia Pacific region. Mr. McKeever holds a Chemical Engineering degree from the University of Cambridge (UK), an MBA from Henley Management College (UK) with further executive education from UC Berkeley (USA). “I am delighted to be joining the board of Seair at this time. Seair’s proprietary diffusion technologies have widespread applicability across valuable segments of the water treatment industry, both nationally and internationally, and I look forward to contributing to the company’s future”.
Seair’s board chairman John Goetz says, “The addition of Mr. Karnik and Mr. McKeever to our board will bring significant expertise and experience in areas that are important to Seair’s success and shows that Seair is coming of age and able to attract directors of this high caliber. Having a seasoned U.S. based investment banker on the board will be a definite asset as Seair continues to grow and having a director located in Europe with strong ties to Asia should open opportunities in those markets that we did not have a window to previously.”
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About Seair Inc.
Seair Inc. is a Calgary based cleantech company. Seair has commercialized proprietary technology that can diffuse gases, such as oxygen, ozone and carbon dioxide, into liquids more effectively and with lower power consumption than the competition. Seair’s patented technologies can produce micron size bubbles that are more efficient than other diffusion technologies because the diffused gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. Seair has been working with customers in the Oil and Gas industry for over five years. Seair applications include oil sands SAGD water solutions, frac and produced water treatment, industrial ponds treatment, mine dewatering/treatment, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment and most recently, industrial emissions treatment. Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to firstname.lastname@example.org or visit the Seair website at www.seairinc.com.
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