www.onthewavefront.com 

For Immediate Release

TSX-V: WEE
Pink Sheets: WEESF


Defends Intellectual Property

 

EDMONTON, Alta February 14, 2006/ Wavefront Energy and Environmental Services Inc., a provider and licensor of its proprietary DeepWaveSM (http://onthewavefront.com/dw_what-is-deep-wave.htm) Technology for improved oil recovery and groundwater remediation has filed a lawsuit in the United States District Court for the Eastern District of Texas, naming Applied Seismic Research Corporation (“ASR”) of Plano, Texas as Defendant. In the complaint, Wavefront alleges that ASR tortiously interfered with the Company’s existing and prospective business relationships with Occidental of Elk Hills, Inc. (“Occidental”) relating to a pilot waterflood project the Company was about to commence with Occidental. Wavefront alleges that ASR made bad faith infringement statements to Occidental concerning Wavefront’s technology and ASR’s patents, one of which had expired, and that ASR’s tortious interference caused Occidental to cancel the pilot study, resulting in monetary harm to Wavefront. Furthermore, Wavefront alleges that ASR engaged in unfair competition in violation of the Lanham Act and Texas common law.

Wavefront is seeking unspecified compensatory and punitive damages, that ASR’s patents be declared invalid, unenforceable and/or not infringed by Wavefront’s tools, that Wavefront be granted permanent injunctive relief enjoining ASR from further acts of interference and unfair competition, that Wavefront be granted pre-judgment and post judgment interest on the damages caused by ASR, reasonable attorneys’ fees, and such other and further relief as the Court may deem just and proper.

Wavefront President and CEO Brett Davidson stated, “The extent to which ASR has endeavored to thwart the Company’s progress with a major oil producer is contradictory to their own statements. In a letter received by Wavefront on June 3, 2005 William Stern, the President of ASR wrote ‘…our patents do not overlap.’”

Mr. Davidson further stated, “ASR says its closed borehole technology attempts to generate a “shock” or seismic wave to induce oil flow. For greater clarity, ASR’s tools are deployed in closed boreholes and have no fluid connectivity to the reservoir. It is not the objective of the DeepWaveSM process to generate seismic waves rather, the technology is purposely designed to move liquids, improve injection rates, as well as the distribution of injected liquids in the reservoir. Downhole tools related to DeepWaveSM are deployed in injection wells having fluid connectivity to the reservoir through perforations, screens, liners, or open-hole completions.”

Mr. Davidson went on to note, “Wavefront and its advisors have always taken extraordinary care to ensure that its technology is unique from the prior art. Wavefront will vigorously defend its intellectual property and all other rights to the full extent of the law. In management’s opinion if ASR had not unlawfully interfered, the success of the pilot waterflood project would have resulted in significant revenue to Wavefront for a number of years into the future. Management is optimistic of a favorable outcome as well as the opportunity to renew our project with Occidental of Elk Hills. Wavefront and its licensed providers are moving forward on all fronts with prospective clients and joint venture partners. Management will not allow the actions of ASR to interfere with the execution of the Company’s business plan.” 
 
About Wavefront Energy and Environmental Services Inc.
 
Wavefront develops, markets, and licenses proprietary technologies in the energy and environmental sectors. The Company’s patented DeepWaveSM Technology is a proven and verified fluid flow optimization technique. Within the energy sector the Company’s strategy is to license the technology to service providers, provide site licenses to oil producers, and to acquire or earn working interests in mature oilfields. In the environmental sector, DeepWaveSM is licensed to service providers who implement the technology to reduce long-term liabilities associated with contaminated sites.
 

For further information please contact:
 

D. Brad Paterson, CFO
780-486-2222 x224 Tel
investor.info@onthewavefront.com

 

 

ON BEHALF OF THE BOARD OF DIRECTORS

 

WAVEFRONT ENERGY AND ENVIRONMENTAL SERVICES INC.

 

 

 “D. Brad Paterson” (signed)

 

D. Brad Paterson, CFO & Director
 

 

Cautionary Disclaimer – Forward Looking Statements
Certain statements contained herein regarding the Company and its operations constitute “forward-looking statements” within the meaning of the United Sates Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plan, objectives, assumptions or expectations or future performance, are “forward-looking statements”. We caution that such “forward-looking statements” involve know and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. The Company expressly disclaims any obligation to up-date any “forward-looking statements”.

 

THE TSX VENTURE EXCHANGE NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE WHICH WAS PREPARED SOLELY AT THE DISCRETION OF MANAGEMENT.