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Prospector
Profile
07.1104
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| Sonic Environmental Solutions, Inc. |
NAICS |
562910 |
| 8765 Ash Street
Vancouver, British Columbia, Canada V6P 6T3 |
Description |
Remediation Services |
| (604) 736-2552 |
Employees |
22 |
| http://www.sesi.ca/ |
Revenue |
(mil) |
1.6650 |
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Income |
(mil) |
-7.2990 |
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Assets |
(mil) |
10.7740 |
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Liability |
(mil) |
2.5880 |
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(for the year ended 2006-12-31) |
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Category:
Loss/Deficit
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Event:
Sonic Environmental Solutions, Inc. reported a net loss of $7,299,328 on revenues of $2,398,510 for the year ended December 31, 2006, higher than the net loss of $6,206,445 on revenues of on revenues of $1,045,199 reported in 2005. The Company has an accumulated deficit of $18,187,211 as of December 31, 2006.
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Intellectual Property:
Sonic’s Platform Technology is based on two patents, which were originally granted in the U.S. in 1990 and 1991, respectively. The Company holds an additional three U.S. patents and two U.S. provisional applications related to the Terra-Kleen process. These patents include a process for regenerating spent solvent issued in 2000, a process for removing solvent from soil and debris issued in 1998 and a process for removing hazardous, toxic and radioactive wastes from soils and sediments issued in 1995. Sonic obtained a U.S. patent for its PCB de-chlorination Sonoprocess™ in July 2005, at which point it immediately filed a Patent Cooperation Treaty (PCT) application via the U.S. Patent and Trademark Office for application in approximately 20 countries. The Company has filed provisional patent applications in the U.S. relating to ground water treatment and ash conditioning. In 2006, Sonic filed a provisional patent application related to a Sonoprocess™ for use in oil sands primary separation. Sonic has also registered “SONOPROCESS” as a trademark in Canada. [SEC Filing 20-F 07-02-07]
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Description:
The Company is in the business of environmental remediation, using proprietary sustainable treatment technologies.
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Officers:
David E. Coe (Chair); Adam R. Sumel (Pres., CEO & Dir.); Lisa Sharp (CFO); James Hill (EVP); Douglas B. Forster (Dir.); Richard Ilich (Dir.); Roderick O. McElroy (Dir.)
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Auditor:
PricewaterhouseCoopers LLP
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Securities:
Common Stock-Symbol SNV.V; CDNX;
31,260,068 common shares outstanding as of December 31, 2006.
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