Labrador Technologies Inc.
TSX VENTURE : LTX

Labrador Technologies Inc.

March 22, 2011 16:03 ET

Labrador Technologies Inc.: New eTriever Release Enables Fast, Mobile Access to IHS Canadian Energy Data

Low-cost tool delivers reports for wells, pressures, and land, pipeline and facility data for reconnaissance, planning and trouble shooting

CALGARY, ALBERTA--(Marketwire - March 22, 2011) - IHS (NYSE:IHS), in conjunction with Labrador Technologies Inc. (LTI) (TSX VENTURE:LTX), a Calgary-based software provider, has released its newest version of eTriever™, a Web-based application that enables users fast and effective mobile access to the most current IHS Canadian exploration and production (E&P) data and a host of critical reporting capabilities.

Those reports include hydrogen sulfide (H2S) analysis, mud density, drilling incidents, surface casing and pressure reporting, along with other well and production, land pipeline and facility data exports. Using these reports, companies can evaluate surrounding wells and plan their drilling program accordingly. In addition, eTriever has a direct export to IHS PETRA®, which enables a complete analysis solution for customers working or exploring the Canadian basins.

"The eTriever browser gives customers the flexibility to access IHS Canadian E&P, land and pipeline data through any Internet-connected computer, or through their mobile smart phone or tablet devices," said Carl Garrison, vice president of IHS-Canada. "Essentially, eTriever makes their office portable so they can access information, monitor drilling activity, and make business decisions quickly. In addition to the robust data coverage our customers expect, we've also included some new reports that are critical to trouble shooting and managing wells and pipelines. No other information provider delivers this data access and reporting on such a large scale, and we are excited to be able to offer it to the industry."

"This offering also makes access to our information and reports more attractive for individual consultants and smaller, start-up companies," said Aaron Cossette, product manager for eTriever at IHS. "Since users are connecting directly to the IHS Information Hub, they access the most current data without requiring a local data store or potentially costly IT support. And instead of paying for information on a per-report basis, they have unlimited access to the highest quality information in the industry."

According to Cossette, the mobile access offered by eTriever is particularly useful for service company workers and executives who may be working remotely in the field or a board room, since it enables them to monitor activity trends, prepare business development plans and formulate bids, as well as develop detailed drilling programs and address drilling and environmental compliance issues.

"Customers can view their wells in a map and can monitor and track fluid production. Along with well and production information, they can access critical data such as pressure, H2S and completion information. Then, they can export that data to other applications such as Microsoft Excel for further analysis. The great thing about eTriever," he said, "is it allows for an unlimited number of exports or reports at no extra cost, since it is subscription based. This way, clients can be sure they are getting the most accurate picture possible based on the quantity and quality of the information."

"We are excited to be delivering this powerful solution with IHS, which is known for its robust E&P data quality and coverage," said Ron Sterne, chief executive officer of LTI. "We have built eTriever to access a wide variety of information, including the diverse datasets that oil and gas professionals require. With IHS, we look forward to providing Canadian oil and gas customers with the best combination of critical information and mobile data browsing."

For more information on eTriever, please contact sales.energy@ihs.com. To speak with Carl Garrison or Aaron Cossette, please contact melissa.manning@ihs.com, or press@ihs.com.

About IHS (www.ihs.com)

IHS Inc. IHS (NYSE: IHS) is a leading source of information and insight in pivotal areas that shape today's business landscape: energy, economics, geopolitical risk, sustainability and supply chain management. Businesses and governments around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS employs more than 4,400 people in more than 30 countries around the world.

About Labrador Technologies (www.labradortechnologies.com)

Labrador Technologies Inc. is in its 31st year of providing optimized connections between the data stores that companies invest in and Labrador's application software.

Labrador eTriever™ ( www.etriever.com) is a secure, web-based, generic data browser, which thrives in complex database environments, including the Oil and Gas Industry. eTriever™ employs proven web-mapping services to vi ew satellite imagery, roads and culture data, and goes beyond conventional oil and gas web access to afford wireless data retrieval for popular hand-held devices such as the BlackBerry™, the iPhone™ and the iPad™. Labrador ( www.labradortechnologies.com) trades on the TSX Venture Exchange under the symbol "LTX."

IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2011 IHS Inc. All rights reserv ed.

Neither TSX Venture Exchange nor its Regulation Services Provider as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

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