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Sonic to license mobile PCB treatment technology to Quantum Murray LP.

Publication: PR Newswire
Publication Date: 11-OCT-07
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Agreement opens the Canadian market to Sonic's proven cost-effective technology

TSX Venture Exchange Symbol: SNV

VANCOUVER, Oct. 11 /PRNewswire-FirstCall/ -- SONIC Technology Solutions Inc. ("SONIC" or "the Company"; TSX-V:SNV) and Quantum Murray LP ("Quantum Murray"; an operating partnership of Newport Partners Income Fund TSX:NPF.UN-T) announced today that they have signed an Agreement of Lease, Acquisition and License under which Toronto-based Quantum Murray will deploy the mobile Sonic Treatment System ("the System") for the remediation of PCB contaminated soils within Canada.

Quantum Murray will lease the mobile Sonic Treatment System from Sonic and acquire the exclusive Canadian rights to deploy the technology for the remediation of PCB contaminated soil. The parties have agreed to a license fee...

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