Wavefront Technology Solutions Inc V.WEE.H

Alternate Symbol(s): WFTSF

Energy Oil & Gas Equipment & Services

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

Wavefront Technology Solutions Inc

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Comment by islandbrookon Sep 10, 2019 12:50pm

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Post# 30113044

RE:New and significant step-up in quarterly revenues

Agreed digital, I concurr. In fiscal 2018,WEE had revenue of $3.2 million Cdn.and in the fiscal year ,just ended has estimated revenue of $3.6 million Cdn.Based upon this new US contract,revenue for the fiscal year 2020 that is just begining, will reach $6.0 million Cdn. This assumes no new business in the next 11 and one half months,an unlikely assumption.
A 67% revenue gain should attract some attention and deserves the 50% gain today and much more considering that WEE was deeply over-sold.

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