Last C$0.14 CAD
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synodon inc (SYD) Snapshot

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03/25/14 - C$0.48
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synodon inc (SYD) Details

Synodon Inc. operates as a remote sensing technology company in Canada and the United States. It provides a proprietary platform technology, known as realSens, which is used for the measurement of small ground-level gas concentrations from an aircraft flying up to 300 meters in altitude. The company also offers various datasets, such as aerial imagery, thermal and terrain mapping, vegetation and ground type, etc. to energy companies. In addition, it provides liquid leak detection, natural gas leak detection, pipeline threat assessment, right-of-way change detection, tree canopy encroachment, water crossings analysis, and pipeline location classification services. The company was founded in 2000 and is headquartered in Edmonton, Canada.

Founded in 2000

synodon inc (SYD) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$200.0K
Chief Financial Officer
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2013.

synodon inc (SYD) Key Developments

Synodon Inc. Announces Revenue Results for the Fourth Quarter and Full Year Ended October 31, 2014

Synodon Inc. announced revenue results for the fourth quarter and full year ended October 31, 2014. For the quarter, the company's revenue grew 222% to $1,299,850 from $403,126 in fourth quarter of 2013. Revenue for the full year increased 186% to $2,084,551 from $729,172 in fiscal 2013.

Synodon Signs Partnership Agreement with Gateway Services Group

Synodon Inc. announced that it has signed a partnership agreement with Gateway Services Group headquartered in Oklahoma, United States. The partnership agreement allows for the combination of Gateway's helicopter and industry relationships and Synodon's realSens(TM) technology, leading to enhanced service offerings for both companies. Under the agreement, the two companies will jointly market Synodon's realSens(TM) aerial integrity management services to oil and gas companies in the United States and particularly to Gateway's existing pipeline customers.

Synodon Inc.'s Customer Renews realSens Contract for a 3-Year Term

Synodon Inc. announced that following an initial 1-Year service contract that concluded in December 2014, one of its United States based customers has re-signed a realSens™ pipeline integrity management services contract for a 3-Year term. This new contract requires quarterly survey flights for their Barnett shale gas gathering pipeline infrastructure. As was the case with the previous contract in 2014, other sections of the Customers’ network could potentially be added to the contract in each one of the service years. The value of the 3-Year contract is roughly CAD 1 million but could increase to more than CAD 1.5 million with the potential additions.


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