MANDEVILLE, La., March 12, 2013 -- Syncronys International (OTC Pink: SNTL) is pleased to announce that they have signed a stock exchange agreement to acquire 100% of Seeker Technologies Ltd, a UK private company. Terms of the transaction were not disclosed.
According to Rex Gay , Syncronys CEO, "Seeker's ground-breaking technology offers SNTL new business opportunities in a variety of areas without a great deal of competition.
Seeker Technologies Ltd (Seeker) - www.seeker-tec.com is a UK based technology company operating in the aerial survey industry with four strategic business units: Mineseeker, which offers services to the humanitarian de-mining community, Mineral Seeker, aimed at the oil and gas industry, Landseeker which targets the agricultural sector and Aquaseeker which is working in the field of water sourcing. The company intends to initially focus on aerial survey and the detection of land mines, specifically throughout the continent of Africa.
The proprietary, core technology, pioneered by Mineseeker, is a fusion of new ground penetrating radar that can detect sub surface objects including plastic and metal landmines, and a suite of other sensors including infra red, near infra red and high definition photo mosaicing. These images, when combined, produce a readable map that will enable on the ground personnel to operate safely. This game changing technology should dramatically reduce the cost of demining by eliminating most of the time involved in identifying buried objects in this multibillion dollar humanitarian market sector. The technology has been extensively trialed by defense contactors in the UK and USA on test sites and on live landmined areas in post conflict countries.
The humanitarian market for the eradication of landmines is estimated at many billions of dollars. Currently the United Nations estimate more than 100 million landmines are buried beneath the surface of the planet, effecting more than 800 thousand square kilometers. The cost of traditional clearance is between 2 and 6 million dollars per square kilometer. Mineseeker believe that its airborne technology can survey and identify landmines at an average cost of $150,000 for a similar area. In 2011, funding agencies and Governments, paid over $600 million and liberated just two hundred square kilometers of land, (approximately $3 million per sq kilometer).
Seeker is licensed to use the Seeker name through the Mineseeker Foundation, (www.mineseeker.org) which was established by Chairman, Mike Kendrick . The Foundation, enjoys the support of high profile Patrons including founder Patron Nelson Mandela and acts in support of landmine victims throughout the world.
The Seeker management team believes that the technology has major applications in other market sectors including oil and gas, water, animal census and crop monitoring. The company is currently in the process of forming a partnership with a Canadian oil and gas company to service that sector and is identifying other strategic partners to develop further income streams.
The management team is made up of proven industry professionals with strong connections in the targeted market sectors both commercially and politically.
Safe Harbor Statement
This release contains forward-looking statements that relate to future events or performance. These statements reflect the company's current expectations and are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. The company does not undertake to update or revise these forward-looking statements, even if experience or future changes make it clear that any projected results expressed or implied in this or other company statements will not be realized. Furthermore, readers are cautioned that these statements involve risks and uncertainties, many of which are beyond the company's control, which could cause actual results to differ materially from the forward-looking statements. Factors that could cause these differences include, but are not limited to, the acceptance of our products, lack of revenue growth, failure to realize profitability, inability to raise capital and market conditions that negatively affect the market price of our common stock. The Company disclaims any responsibility to update any forward-looking statements.
SYNCRONYS INTERNATIONAL, INC.
REX GAY , CEO
SOURCE Syncronys International, Inc.