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Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s):  WFTSF

Wavefront Technology Solutions Inc. is engaged in the advancement of dynamic fluid injection technology for oil and gas well stimulation and improved/enhanced oil (IOR/EOR) recovery. Through its Powerwave technology, it provides the oil and gas industry to place fluids into the reservoir. The dynamic action of Powerwave’s fluid pulses diverts injected fluids away from established flow paths, achieving better fluid distribution. Its patented Powerwave process is an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock. These materials are composed of a solid matrix and pore structure, which contain fluids such as oil and gas. The Primawave process is a method for aiding in-ground environmental remediation clean-up strategies in contaminated sites. Primawave provides the environmental sector with a solution for aiding in the clean-up of contaminated sites. It deals directly with exploration and production companies.


TSXV:WEE.H - Post by User

Comment by Sir_Holleron Jul 03, 2015 11:12pm
107 Views
Post# 23891312

RE:RE:Risky

RE:RE:RiskyIf it was a significant deal WEE would have likely stated how many units the client is taking into inventory. There was no mention of upfront tool numbers, nor was there a quote from the new client defining how interested they are or how aggressively they will implement it across their service platform. It may involve a long trial period like the rest. It may be like the long list of news releases in the past where nothing much appears to happen in the end from Halliburton, to Schlumberger, to Weatherford, to Cenovus, to Chevron, etc. The last time WEE press released a new deal of $1 million or more was over one year ago despite all the trials in the past and having changed its revenue model. This may be the worst fiscal year in quite some time for new contract announcements despite the history os testing and the new revenue model theyi instituted to try and spark sales. Revenues have also been a dissapointment.
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