EDMONTON, April 28 /CNW/ - Seair Inc. (SDS:TSX Venture Exchange) is pleased to announce the sale of a Seair 20 foot portable wastewater treatment unit to SunTerra Oil & Gas LP. This transaction is not only the first sale of a Seair portable wastewater treatment unit, but is also the first deployment of a portable wastewater treatment unit outside of Canada.
Until now Seair has limited its portable wastewater treatment business model to rental of units owned and operated by Seair. However, potential customers with long-term needs and/or operating outside of Seair's western Canadian service area have increasingly expressed interest in owning Seair's advanced ozone-based wastewater treatment units. This initial sale to SunTerra marks the expansion of Seair's business model to include outright sales of treatment units.
Seair's self-contained and automated portable wastewater treatment plants are designed to operate under the most demanding of circumstances. The ozone-based treatment process is unique in that it requires no consumables and there are no residual solids or sludge after treatment. Seair owns and operates a fleet of approximately 100 portable wastewater treatment units in western Canada that can be used independently or combined to meet the requirements of camps of all sizes.
Harold Kinasewich, Seair's President and CEO, states "after several years of refining our technologies and operating our fleet we are excited to allow other companies, such as SunTerra, to benefit from long-term ownership of our industry-leading systems. We believe our portable wastewater treatment units are the most advanced systems available and are well positioned to meet and exceed increasingly stringent discharge standards. SunTerra's purchase of a Seair unit not only confirms the value of our system, but also demonstrates confidence that our system is fully capable of meeting the strictest of environmental standards."
About SunTerra Oil & Gas
SunTerra Oil & Gas LP is a wholly-owned subsidiary of HM Capital Partners, LLC, a leading Dallas-based, private equity firm. SunTerra utilizes underbalanced horizontal drilling ("UBHD") as an oil and gas well completion technique. Houston-based SunTerra's UBHD solutions reduce finding and development costs and improve well productivity.
Seair is a leading developer of patent-protected diffusion and sterilization technologies, which allow for the efficient diffusion of gases into liquids, thereby facilitating numerous applications in a wide variety of industries, including wastewater treatment, pulp and paper production, food safety, aquaculture, agriculture/horticulture, sterilization, golf course irrigation and pond treatment, animal enhancement and oil and gas. Seair's primary focus is developing and selling equipment that diffuses gases, such as oxygen, ozone or carbon dioxide, into a liquid, resulting in a supersaturated solution. The major difference between Seair's and others' diffusion technologies is Seair's ability to achieve extremely small bubble size, which in turn allows for the mass transfer of gas to fluid. The result is a stable condition, where gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. Seair provides diffusion-enhanced portable wastewater treatment plants through its subsidiary, Seair Septic.
Seair Inc. (SDS:TSX Venture Exchange) is proud to have been selected as one of the "2008 TSX Venture 50", a ranking of the top 10 public venture capital companies in 5 industry sectors listed on the TSX Venture Exchange.
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This news release may contain certain forward-looking statements that reflect the current views and/or expectations of Seair Inc. with respect to its performance, business or future events. Such statements are subject to a number of risks, uncertainties and assumptions. Actual results and events may vary.
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