Wavefront Announces New Distributor in the Kingdom of Saudi Arabia

Edmonton, Alberta–(Newsfile Corp. – September 8, 2020) – Wavefront Technology Solutions Inc. (TSXV: WEE) (OTCQB: WFTSF) (“Wavefront” or the “Company”), an oil field service provider focused on offering the oil and gas industry proprietary, leading edge technology is pleased to announce that effective September 1, 2020 it has entered into a non-exclusive distribution agreement in the Kingdom of Saudi Arabia with Synergy International Energy Company (“Synergy”).

Within Saudi Arabia coiled tubing companies providing well services to the National Oil Company (“NOC”) are limited in their market access, i.e., no single coiled tubing company has access to all oil and gas fields or wells. Beyond the Company’s control, Wavefront had seen its Powerwave technology product line activity decline under its past exclusive distributor, a coiled tubing company. In engaging Synergy as Wavefront’s non-exclusive distributor, it is postulated that it will reduce reliance on any one coiled tubing company and increase market

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