MANDEVILLE, La., April 4, 2013 /PRNewswire/ -- Syncronys
International (OTC Pink: SNTL) is pleased to announce its
subsidiary Seeker Technologies Ltd. (www.Seeker-Tec.com) signs
additional sensor agreement.
Seeker Technologies, the wholly owned subsidiary of Seeker Tec
Inc., has signed a new agreement with a British company for
exclusive provision of additional sensor technology to non-military
customers. This sensor will augment the current technology
available from the company and has the potential to deliver further
refinement and greater detail as an integral part of its airborne
survey and mapping system.
Seeker Technologies uses a variety of sensors – including ground
penetrating radar - to detect targets both on the surface and
buried below ground. The data collected from up to six different
sensors, carried on an aerial platform, is then processed to
produce a human friendly high definition map, with 3D elements for
use by field operatives. The integration of the data is achieved by
a combination of in-house and outsourced processing producing a
unique, range of geo referenced images covering the target
area.
There are estimated 100 million landmines buried beneath the
surface of the earth in post conflict countries, covering an area
of more than 800 thousand square kilometres (excluding Iraq and Afghanistan) which are devastating many parts
of the world economically, and killing and maiming thousands of
civilians. In 2011 the Landmine Monitor stated that only two
hundred square kilometres were cleared across the world in the
previous twelve months, at a cost of over six hundred million
dollars – approximately $3 million
per sq. kilometre. Seeker Technologies will be able to survey large
areas of land at an average of $150
thousand per sq. kilometre, and while the company will not
actually remove the land mines, it will save the enormous cost of
locating the landmines which accounts for up to 95% of what is
spent in dealing with the problem. Once identified, the cost of
removal is small and will be undertaken by existing in country
specialist companies. Minefields can therefore be detected,
isolated and unaffected land released back to agriculture and other
commercial purposes. This process is referred to as Wide Area
Reduction.
Funding is normally provided by Governments, non-government
organizations (NGO's) but, increasingly, Seeker Technologies is in
talks with companies with commercial interests – predominantly in
oil and gas, as well as food (crop) producing companies- which have
a significant economic interest in realizing value in their land
assets.
"This is an important development for Seeker Technologies, as we
aim to deliver the most up to date solutions in a constantly
evolving technology sector. We are now, finally, able to offer our
integrated sensor package to the market," commented CEO
Mike Kendrick.
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
800-382-7271
INFO@SYNCRONYSINTERNATIONAL.COM
SOURCE Syncronys International