POWERWAVE CLIENT EXPANDING IMPLEMENTATION BY 28 WELLS
EDMONTON, Alta July 25, 2012- Wavefront Technology Solutions Inc. (Wavefront or the Company, TSX-V: WEE; OTCQX: WFTSF), the global leaders in fluid injection optimization for improved performance and profitability in the oil and gas and environmental sectors, is pleased to announce that a repeat Powerwave client has indentified and provided installation requirements for 28 new Powerwave-driven water injectors. The current implementation schedule is slated to commence fall 2012. A confidentiality agreement prevents the client’s name, terms and conditions, and field location from being divulged.
“Powerwave is a game changing technology that improves a producer’s oil production rates, extends field life, and maximizes asset value,” said Wavefront President and CEO Brett Davidson. “This 28 well Powerwave expansion is a clear demonstration of the producer recognizing Powerwave’s strengths in providing long-term production benefit towards increased estimated ultimate oil recovery.”
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
“D. Brad Paterson” (signed)
D. Brad Paterson, CFO & 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 Company'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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