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SONIC and Shell Canada Jointly Apply for Oil Sands Process Patent
Wednesday, June 24, 2009
Vancouver -- SONIC Technology Solutions Inc. ("SONIC" or "the Company") is pleased to report that the Company and Shell Canada Energy ("Shell") have jointly filed a patent application for the recovery of bitumen from oil sands. The patent application was filed jointly under a Collaboration Agreement between SonoOil and Shell. SonoOil is a wholly-owned subsidiary of SONIC working with Shell to develop oil sand extraction process innovations.
The application was made in Canada and filed under the PCT (Patent Cooperation Treaty), allowing for submissions to other national jurisdictions to be made later. The application builds on earlier work by SONIC as described in an earlier provisional patent application and incorporates further work conducted and funded by Shell.
Adam Sumel, CEO of SONIC, said, "We are very pleased that Shell's progress to date has borne out our earlier proprietary work which has now been strengthened with Shell's additional results. The details of the innovation as disclosed in the patent application will be available when the application is published by the Patent Office."
SONIC's core operations are centered on its PetroSonic heavy oil upgrading process except for specific collaborations independently funded and developed for commercial use, such as the Agreement with Shell and our recent Joint Venture with Nalco Mobotec. The Company's work on oil sands has shown potential in several aspects of existing oil sands operations as well as in the fundamental separation and recovery aspects.
The Company has now developed a number of high value proprietary applications, referred to as a Sonoprocess. SONIC's Sonoprocess originates from the enhancing effect of its sonic reactor technology. The Company's sonic reactors are high-amplitude/low-frequency devices that produce unique effects to create high mass transfer conditions for improved and sustainable processes. The Company focuses on the industrial and energy sectors, primarily heavy oil.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. 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 the Company's periodic filings with Canadian securities regulators. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. The Company does not assume the obligation to update any forward-looking statement.
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