Pink Sheets: WEESF
EDMONTON, April 20 /CNW/ - Wavefront Technology Solutions Inc.
("Wavefront"), a world leader in providing innovative solutions for increasing
oil field production and enhancing the treatment of contaminated groundwater,
is pleased to announce results from a highly successful injection program
where Primawave reduced remedial costs by more than 40 per cent.
The two acre former industrial site in New Jersey was being redeveloped
for residential use and had high concentration levels of chlorinated and
non-chlorinated organic compounds which required treatment. The schedule
called for rapid remediation of the contamination with minimal impact to
adjacent property owners.
"Primawave helped decrease the number of injection points required at the
site by 75 per cent from a planned 483 injection points to 120, reducing time
in the field by more than one month," said Wavefront President and CEO Brett
Primawave dramatically increased distribution of the remedial fluid in
the subsurface. Overall injection efficiency was maximized and the targeted
volumes of chemicals were delivered only after Primawave was applied. The
magnitude of the successful results in New Jersey has prompted this client to
use Primawave at other sites it manages.
"Wavefront's Powerwave and Primawave technologies continue to generate
highly compelling results. They are transforming conventional approaches to
the injection of fluids in the oil and environmental sectors respectively,"
said Mr. Davidson. "The global market for these technologies is substantial.
We believe these unmatched injection approaches will be increasingly adopted
as their effectiveness becomes more widely observed."
About Wavefront Technology Solutions Inc.
Wavefront specializes in designing and developing leading-edge techniques
for oil well stimulation, improved oil recovery, and environmental groundwater
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
"D. Brad Paterson" (signed)
D. Brad Paterson, CFO & Director
Cautionary Disclaimer - Forward Looking Statements
Certain statements contained herein regarding Wavefront and its
operations constitute "forward-looking statements" within the meaning of
Canadian securities laws and the United States Private Securities Litigation
Reform Act of 1995. All statements that are not historical facts, including
without limitation statements regarding future estimates, plans, objectives,
assumptions or expectations or future performance, are "forward-looking
statements". In some cases, forward-looking statements can be identified by
terminology such as "may", "will", "should", "expect", "plan", "anticipate",
"believe", "estimate", "predict", "potential", "continue" or the negative of
these terms or other comparable terminology. We caution that such
"forward-looking statements" involve known and unknown risks and uncertainties
that could cause actual results and future events to differ materially from
those anticipated in such statements. Such factors include fluctuations in the
acceptance rates of Wavefront's Powerwave and Primawave Processes, demand for
products and services, fluctuations in the market for oil and gas related
products and services, the ability of Wavefront to attract and maintain key
personnel, technology changes, global political and economic conditions, and
other factors that were described in further detail in Wavefront's continuous
disclosure filings, available on SEDAR at www.sedar.com. Wavefront expressly
disclaims any obligation to up-date any "forward-looking statements", other
than as required by law.
THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF
THIS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT
For further information:
For further information: D. Brad Paterson, CFO, (780) 486-2222 ext. 224