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wavefront technology solutio (WEE) Snapshot

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wavefront technology solutio (WEE) Details

Wavefront Technology Solutions Inc. designs, develops, and licenses technologies for oil well stimulation, secondary oil recovery, and environmental groundwater remediation applications in the United States and Canada. The company offers Powerwave process, an injection technology that improves the flow of fluids in geological materials, including sedimentary soils and fractured rock; and Primawave process, a method for aiding in-ground environmental groundwater remediation clean-up in contaminated sites. It also develops oil and gas properties, as well as rents tubing pumps and bailers for oil field applications. The company was formerly known as Wavefront Energy and Environmental Services Inc. and changed its name to Wavefront Technology Solutions Inc. in March 2009. Wavefront Technology Solutions is headquartered in Edmonton, Canada.

Founded in 1980

wavefront technology solutio (WEE) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$275.0K
Chief Financial Officer, Secretary, Treasurer...
Total Annual Compensation: C$200.0K
Compensation as of Fiscal Year 2013.

wavefront technology solutio (WEE) Key Developments

Wavefront Technology Solutions Inc. Reports Earnings Results for the Second Quarter Ending February 28, 2014

Wavefront Technology Solutions Inc. reported audited consolidated earnings results for the second quarter ending February 28, 2014. Total revenues were $1,247,048, an increase of $219,560 over the comparative period in 2013 that recognized revenues of $1,027,488. Revenues attributed only to Powerwave product lines were $1,050,466 an increase of $300,570 or 40.1% increase over revenues in the comparative period of $749,896. The basic and diluted net loss for the quarter ended February 28, 2014 decreased by $227,807 to $1,027,187 or $0.0139 per share, compared to $1,364,460 or $0.0164 per share in 2013. Cash used in operating activities decreased $586,362 to $529,215 from the comparative period of $1,115,577.

Wavefront Technology Solutions Inc. Wins $533,000 Powerwave Contract

Wavefront Technology Solutions Inc. announced that Pan American Energy LLC, has awarded Wavefront a renewed, twelve month, Powerwave contract worth approximately $533,000. The contract renewal with PAE is for the Los Flores Norte - Cerro Dragon field in Argentina and expands the existing project from 3 to 7 Powerwave-driven water injectors.

Wavefront Wins USD 1.3 Million Powerwave Contract from Ecopetrol

Wavefront Technology Solutions Inc. announced that Ecopetrol has awarded Wavefront (through its Colombian Agent, Gesca Corp. Colombia S.A.S.) a new contract worth approximately USD 1.3 Million to implement a suite of Powerwave applications. The application of Powerwave for Ecopetrol features Wavefront's pulsating selective waterflood regulator valve; Wavefront's conventional waterflood tool; and, Wavefront's well stimulation tools for near wellbore clean-up and deep fluid penetration.


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