WAVEFRONT TECHNOLOGY SOLUTIONS INC.
TSX-V: WEE
OTCQX: WFTSF
For Immediate Release:
January 26, 2012
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Wavefront Technology Solutions Inc. Starts Up Powerwave Installations With Petroleum Development Oman (PDO)
EDMONTON, Alta January 26, 2012- Wavefront Technology Solutions Inc. (“Wavefront” or the “Company”, TSX-V: WEE; OTCQX: WFTSF), the leader in fluid injection optimization for improved performance and profitability in the oil and environmental sectors, is pleased to announce that the much anticipated Powerwave installations with Petroleum Development Oman (PDO) previously announced April 11, 2011 have started effective January 24, 2012.
PDO is the leading exploration and production company in the Sultanate of Oman producing approximately 70% of the country’s crude oil production. PDO is owned by the Government of Oman, Royal Dutch Shell, Total, and Partex.
“PDO is the established leader in technology development and application for enhanced oil recovery in the region of Middle East North Africa (MENA). The Powerwave project with PDO represents one of the highest profile opportunities for Wavefront to date. All oil producers in the MENA region will be closely monitoring the project and its results. We are highly confident Powerwave will deliver the production results generated elsewhere and will open new opportunities with other clients in the MENA region”, stated Wavefront President and CEO, Brett Davidson.
On behalf of the Board Of Directors,
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
“D. Brad Paterson” (signed)
D. Brad Paterson, CFO and Director
About Wavefront:
Wavefront is a technology based, world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and the Corporation’s website is www.onthewavefront.com.
For further information please contact:
Brett Davidson, President and CEO or D. Brad Paterson, CFO at 780-486-2222 or write to us at investor.info@onthewavefront.com
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