Wavefront Technology Solutions: Difference between revisions

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'''Wavefront Technology Solutions Inc.''' ({{Tsxv|WEE}}) is a provider of secondary oil recovery and environmental technologies. The company was founded in 1997 as PE-TECH by [[CEO]] Brett Davidson and [[University of Alberta]] professor Tim Spanos.<ref name=Financials>[http://onthewavefront.com/Files/IR/Financials/2007/Audited%20Financial%20Statements.pdf 2007 Annual Audited Financial Statements ]</ref> The company was later changed to Wavefront Technologies and Environmental Services. Wavefront Technology Solutions Inc. and is known for its patented technology that sends pulses through the ground to simulate the effects of the [[aftershock]] of an [[earthquake]] to aid in the recovery of stranded oil.<ref>{{Cite web|url=http://www.cantechletter.com/2010/10/jim-letourneau-on-wavefront-wavefront-technology-solutionstsxvwee/|title = Jim Letourneau on Wavefront Technology Solutions (TSXV:WEE)|date = 23 October 2010}}</ref> These technologies simulate the beating of a heart -{{En dash}} when a heart pumps, it sends pulses through the body's [[blood vessels]], causing the network of [[capillaries]] to expand and contract. When a pulse is applied to the ground, it expands and contracts the [[porous]] rock, essentially freeing the trapped oil.<ref name=Shudder>[http://www.albertaventure.com/?p=2828&year=2008 A Shudder in the Oilpatch]</ref> This technology is used for fluid flow optimization having applications in both the environmental and energy sectors. In the environmental sector, the process is marketed as Primawave, while in the energy sector it is marketed as Powerwave.<ref name=Financials/>

[[Powerwave Technologies|Powerwave technology]] has been put to use in more than 175 well applications throughout North America, including applications in California, Oklahoma, and Alberta.<ref>[http://onthewavefront.com/press_room-quick-facts.html Wavefront Press Room Quick Facts]</ref> Powerwave has already been used in the field by [[EnCana]], [[Penn West Energy Trust]], [[Pengrowth Energy Trust]], [[BP]], [[Chevron Corporation|Chevron]] , and [[Apache Corporation]], among others.