Global Remote Technologies Ltd.

Global Remote Technologies Ltd.

April 14, 2016 06:30 ET

Global Remote Enters Into Service Agreement With Basic Energy Service

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 14, 2016) - Global Remote Technologies Ltd. (CSE:RGT)(FRANKFURT:GR9) (The "Company" or "Global Remote") is pleased to announce it has entered into a service agreement with Basic Energy Services Inc. (NYSE:BAS) a leader in the US oil and gas well servicing industry. This significant service agreement will allow BAS to utilize Global Remote Technologies' patent pending "Helix" downhole well stimulation technology for their multitude of oil and gas clientele from the Rocky Mountains to the Gulf Coast and California to the Appalachian Region.

Global Remote Technologies states: "We are excited to be working with a leader in the US oil and gas well servicing industry such as Basic Energy Services. This is a significant milestone for Global Remote Technologies, not only in establishing strategic relationships with major players in the oil and gas sector but also towards achieving our goal of substantially increasing our customer base throughout 2016. We feel our Helix tool will significantly increase oil flow rates for BAS as well as open multiple new opportunities in the US marketplace for Global Remote Technologies."

The Company's "Helix" tool uses a patent pending design and engineering method to achieve a unique flow pattern that is more effective for wellbore stimulation and cleanouts than any other designs on the market. The Helix Tool is a downhole cleaning and stimulation technology that combines traditional oscillation and pulse jetting structures into a single pattern.

Helix technology has been tested and utilized by several major oil companies in the US and in Canada, the results of which have shown consistent oil flow increases of 35-92% post-clean out and stimulation.

Basic Energy Services Inc. (NYSE:BAS) is a public company with its main office in Forth Worth, TX and several satellite offices throughout the US, BES provides a comprehensive range of well site services that support the entire lifecycle of a well to a diverse group of over 2,000 oil and gas companies in the major onshore oil and gas producing regions of the United States. BES is deploying the Helix tools and technologies in the United States lower 48.

About Global Remote Technologies

The Company focuses on the deployment of emerging technologies for the energy sector. The Company has licensed multiple patent pending tools for the oil and gas industry. Using its advanced engineering and leadership experience, the Company brings cutting edge processes and technology to the oil patch. Its remote sensor packages transmit telemetry from drilling and production sites in real time to a central server where it is viewed in the cloud. The systems are designed to provide key personnel an early warning system to avoid equipment failures or costly compliance fines. The Company collects and communicates vital information on the status of equipment, tanks, and pipelines for exploration, production, and transmission of oil, gas and water. In addition, the Company recently acquired a Helix downhole well stimulation tool and related technology. The tool uses a patent pending design and engineering method to achieve a unique flow pattern for wellbore stimulation. The Company is headquartered in Vancouver, BC, with offices in Denver, Colorado and Houston, Texas.

Further information about the Company is available under its profile on the SEDAR website (, on the CSE website ( and on its corporate website (

On Behalf of the Board of Directors


Chris Dorris, CEO and Director

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company's management believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward- looking information because the Company cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

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