Seair Update Call: Trial Update
February 26, 2015 (Source: Newsfile) — Seair Inc. (TSXV: SDS) (“Seair”) is pleased to announce that it is hosting a shareholder conference call with Seair’s CEO, Jeff Seibert. The content of the presentation will be to update shareholders on the progress from its existing customer trials:
- Seair has completed customer trials in the lab and in the field successfully and demonstrated superior results with its oil water separation process – removing over 95% of the entrained oil in the supplied waters.
- The current environment of low global oil prices is driving the industry to improve efficiency. This fits very well with Seair’s technology and value offering. To take advantage of the current positive, global market environment, Seair is working to bring on multiple strategic/channel partners to expand its customer base beyond Western Canada.
- Seair believes the market opportunity for this application worldwide gives an addressable market of $8.3 billion. While some of this would be addressed through direct sales, we are engaged with a strategic partner bringing the solution to the Middle East and vetting partners for the rest of the Americas and Asia. This also involves discussions with strategic partners having a global reach.
- Seair is currently working to move the successful field trials to purchase orders and anticipates announcements in the next quarter on these items.
The update call will be held on 4:00 PM Eastern Standard Time / 2:00 PM Mountain Standard Time, Friday, February 27, 2015. The call in number for the conference call is 416-260-0113 or 800-524-8950. Please quote the conference ID: “6056122” to access the call. A presentation to accompany the call will be available on the Seair website during the call and the company will have a short question and answer session after the presentation.
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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 email@example.com or visit the Seair website at www.seairinc.com
Statement Regarding Forward-Looking Information
This news release of Seair contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Seair’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. Forward-looking statements in this document include statements regarding Seair’s expectations regarding the regulatory approval of the Private Placement and closing of the Private Placement. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Seair’s expectations. Seair undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
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.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>