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MOU Manitou Capital Corp

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Share Name Share Symbol Market Type
Manitou Capital Corp TSXV:MOU TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Seair Announces Memorandum of Understanding with Calgary Engineering and Fabrication Firm

04/07/2013 2:24pm

Marketwired Canada


Seair Inc. (TSX VENTURE:SDS) ("Seair" or the "Company") has entered into a
memorandum of understanding ("MOU") with a leading Calgary based engineering and
fabrication company ("joint venture partner" or "JVCO"). The MOU sets out the
terms of the joint venture and establishes JVCO as Seair's engineering, design
and fabrication partner with an exclusive license to fabricate and market new
and improved products that incorporates Seair's technologies with the JVCO's
design, engineering and fabrication. The joint venture partner will also have
the right to market and distribute the new and improved products to its
customers through its existing channels in North America. 


The MOU requires Seair and the joint venture partner to enter into a definitive
agreement within the next 3 months, but allows them to commence design,
engineering and fabrication work immediately under an agreed framework to
capture near term opportunities for both companies. 


Seair's CEO Ric Charron says, "This strategic joint venture represents a real
turning point for Seair. It provides us with the closest thing possible to
having our own seamless integration of design, engineering and fabrication
capacity. Our new joint venture partner is unique in the Alberta oil field in
that they are one of the few companies that do both engineering and fabrication.
This advantage will allow Seair to dramatically accelerate its response and
delivery time and give us the ability to deliver high quality products,
predictable turnaround times and reliability to our customers. It will increase
our customers' confidence in working with Seair to achieve solutions to their
complex water problems. Having a dedicated partner that wants to seize business
opportunities with us and accelerate the growth of both of our companies will be
a huge asset. Our joint venture partner will be involved at the very early
stages of discussions with customers, which means that we'll have the benefit of
their design, engineering and fabrication from the outset. Seair will finally be
in a position to provide a one-stop service to our customers, rather than having
to deal exclusively with third party engineering firms. Our joint venture
partner is recognized as one of Canada's fastest growing companies and brings
the same philosophy for growth and customer service that Seair is committed to
achieving. As a result of this joint venture, Seair will now have the capacity
for quick response, superior design and fabrication capability. This will
instantly expand Seair's customer base to deploy its technology as a result of
this new joint venture. It's a tremendous step forward." 


ABOUT SEAIR 

Seair Inc. (TSX VENTURE:SDS) develops proprietary technology and equipment that
diffuses gases, such as oxygen, ozone and carbon dioxide, into liquids. Seair's
patented technologies can produce micron size bubbles that are more efficient
than other diffusion technologies because the diffused gases remain in solution
for extended periods of time, leading to increased productivity and lower
operating costs. The process facilitates gas-based treatment of complex and
challenging industrial wastewater and allows Seair to provide full water reuse
and closed loop systems. 


Seair applications include oil sands SAGD water solutions, frac and produced
water treatment, industrial ponds treatment, mine dewatering/treatment,
end-to-end sewage treatment for permanent residential communities and remote
work camps, golf course irrigation and pond treatment. Seair is also working on
a project for industrial emissions treatment. Parties interested in obtaining
further information or receiving news releases and corporate documents from
Seair may email such requests to info@seair.ca or visit the Seair website at
www.seair.ca. 


Seair is proud to be recognized as one of the Top 5 Cleantech companies in the
TMX 2012 Venture 50.


Statement Regarding Forward-Looking Information 

This news release of Seair contains statements that constitute "forward-looking
statements." Such forward-looking statements involve known and unknown risks,
uncertainties and other factors that may cause Seair's actual results,
performance or achievements, or developments in the industry to differ
materially from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements. Forward-looking statements are
statements that are not historical facts and are generally, but not always,
identified by the words "expects," "plans," "anticipates," "believes,"
"intends," "estimates," "projects," "potential" and similar expressions, or that
events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document include statements regarding Seair's
expectations regarding the regulatory approval of the Offering, closing of the
Offering and the use of proceeds from the Offering. There can be no assurance
that such statements will prove to be accurate. Actual results and future events
could differ materially from those anticipated in such statements, and readers
are cautioned not to place undue reliance on these forward-looking statements.
Any factor could cause actual results to differ materially from Seair's
expectations. Seair undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or opinions, or
other factors, should change. 


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Seair Inc.
Ric Charron
CEO
780-477-7188
info@Seair.ca
www.seair.ca

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