Sonic raises $7.2 million for PCB destruction plants

Guest Contributor
December 11, 2003

Sonic Environmental Solutions Inc, Vancouver, is on track to finish construction of its PCB destruction facilities in British Columbia and Eastern Canada after raising $7.2 million in a private placement. The financial syndicate is led by Haywood Securities Inc, and includes Research Capital Corp and Pacific International Securities Inc. Sonic is commercializing a patented platform technology that uses sonic energy (Sonoprocess) to extract and destroy PCBs in soil, as an alternative to incineration. The company has already spent $8 million to date to develop and test its technology. In related news, Dr James Hill has been named VP R&D for additional applications and chair of Sonic’s technical advisory board. Hill is the former president and CEO of BC Research, a government R&D facility that he helped to privatize. He also helped create and spin-off several successful technology companies, including Celfor, Azure Dynamics and Radient Technologies. Hill holds an MBA from Simon Fraser Univ and a PhD in fluid dynamics from the Univ of Newcastle-upon-Tyne in the UK.


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