Wavefront Technology Solutions Inc.
TSX VENTURE : WEE
OTCQX : WFTSF

Wavefront Technology Solutions Inc.

March 17, 2015 17:59 ET

Wavefront Announces Completion of Powerwave Systems Installation for Petrobras US $1.25 Million Project

EDMONTON, ALBERTA--(Marketwired - March 17, 2015) - Wavefront Technology Solutions Inc. (Wavefront or the Company) (TSX VENTURE:WEE)(OTCQX:WFTSF) is a technology provider offering fluid delivery processes to oil and gas producers that are widely effective methods for maximizing reserves in Enhanced Oil Recovery ("EOR") as well as increasing single well productivity through more effective well stimulation. The Company is very pleased to announce that installations of the Powerwave systems related to the approximate US $1.25 million Petrobras contract in Brazil have been completed. With the completion of the installations, Wavefront will commence recognizing revenue for this project over the term of the contract.

"These installations represent another significant development in the commercialization of Powerwave in South America and we are very confident that the Powerwave systems will generate the anticipated results for Petrobras leading to wide spread use," said Wavefront President and CEO Brett Davidson.

The Company also announces that it has granted, pursuant to the Company's Stock Option Plan, 900,000 incentive stock options to directors of the Company. The options will be exercisable at $0.12 per share, valid for a period of five years and subject to vesting and a 4 month plus one day hold period.

ON BEHALF OF THE BOARD OF DIRECTORS

WAVEFRONT TECHNOLOGY SOLUTIONS INC.

D. Brad Paterson, CFO & Director

About Wavefront:

Wavefront is a technology based world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and on the OTCQX under the symbol WFTSF. The Company's website is www.onthewavefront.com.

Cautionary Disclaimer - Forward Looking Statement

Certain statements contained herein regarding Wavefront and its operations constitute "forward-looking statements" within the meaning of Canadian securities laws and the United States Private Securities Litigation Reform Act of 1995. All statements that are not historical facts, including without limitation statements regarding future estimates, plans, objectives, assumptions or expectations or future performance, are "forward-looking statements". In some cases, forward-looking statements can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "believe", "continue" or the negative of these terms or other comparable terminology. We caution that such "forward-looking statements" involve known and unknown risks and uncertainties that could cause actual results and future events to differ materially from those anticipated in such statements. Such factors include fluctuations in the acceptance rates of Wavefront's Powerwave and Primawave Processes, demand for products and services, fluctuations in the market for oil and gas related products and services, the ability of Wavefront to attract and maintain key personnel, technology changes, global political and economic conditions, and other factors that were described in further detail in Wavefront's continuous disclosure filings, available on SEDAR at www.sedar.com. Wavefront expressly disclaims any obligation to up-date any "forward-looking statements", other than as required by law.

©2015 Wavefront Technology Solutions Inc. All rights reserved. From Bit To Last Drop™, Powerwave™ and Primawave™ are registered trademarks of Wavefront Technology Solutions Inc.

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 RELEASE.

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