QUEBEC, QC, April 25 /CNW Telbec/ - Opsens inc. (TSX : OPS) ("Opsens")
announces the formation of an advisory board composed of industry experts such
as M. Dusseault. The committee will have the mandate of advising the company
in its strategic orientations, its Marketing strategy and its Research and
Mr. Maurice B. Dusseault, Ph.D, P. Eng, Professor of Earth Sciences at
Waterloo University, has been involved in the Petroleum Industry for more than
30 years, and has consulted in many oil-producing countries including Canada,
United States, Venezuela, Brazil and China. He was an executive and an
administrator of the Porous Media Research Institute for thirteen years. He
was cofounder of GEOMEC A.S of Norway, Terralog Technologies Inc. of Calgary
and Wavefront Inc. (TSX-WEE) of Edmonton, with its dynamic stimulation
technology that helps accelerate oil recovery from porous media. He has also
contributed to development of thermal and non-thermal production processes for
heavy oil and oil sands. He has been involved internationally in the selection
and implementation of appropriate production processes in various oil fields.
Dr. Dusseault has published more than 400 articles for the oil and gas
industry and for public organizations such the US Department of Energy, the
Alberta Department of Energy and the International Energy Agency.
Dr. Dusseault explains: "Having worked on oil recovery processes for
major oil producers worldwide, I am well aware of the critical need for
precise measurements of pressure in hostile, high-temperature environments. I
am excited to join the Opsens team behind the development and marketing of
their unique pressure/temperature optical sensor with an all-sapphire membrane
because it addresses precisely this critical industry need."
M. Pierre Carrier, President and CEO of Opsens, said: "the arrival of Dr.
Dusseault, a well known expert in Alberta and worldwide, brings an expertise
and an experience that complements our team. His nomination reflects the
priority given by Opsens to the marketing of its sensor in the high growth oil
sands market in Alberta which is being exploited by the SAGD process. In the
SAGD method of oil production, the heavy oil is heated by injection of hot
steam at temperatures as high as 300(degrees)C in order to decrease viscosity
and recover it. Various studies and field experiments have shown that a
precise and continuous measurement of the pressure along a producing well is a
great aid to the optimization of the SAGD process. Such optimization improves
the oil recovery rate and reduces the direct cost of operation related to
steam generation and injection. In this context, Opsens pressure and
temperature sensor offers a significant added value to the oil producers."
Opsens is a leading developer, manufacturer and supplier of a wide range
of fiber optic sensors and associated signal conditioners based on proprietary
and patent pending technologies. Opsens sensors provide long-term accuracy and
reliability in the harshest environments and are able to address various
critical measurement requirements notably in the oil and gas field. Opsens
provides patent pending sensors to measure pressure, temperature, strain and
displacement to original equipment manufacturers (OEM) and end-users in the
oil and gas, medical, energy and laboratory fields. Opsens offers technical
services, as on site installation, training and turnkey fiber optic systems.
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.
Forward-looking statements contained in this press release involve known
and unknown risks, uncertainties and other factors that may cause actual
results, performance and achievements of Opsens to be materially different
from any future results, performance or achievements expressed or implied by
the said forward-looking statements.
For further information:
For further information: Pierre Carrier, President and Chief Executive
Officer, (418) 682-9996; Louis Laflamme, CA, Chief Financial Officer, (418)