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Jim Letourneau's Blog

Investing, Technology, Travel, Geology, Music, Golf. I think that covers it.

Wavefront Goes Worldwide

It isn't even 9:30 am here in Calgary and already 2 people have sent me a link from this morning's Edmonton Journal article on Wavefront Technology Solutions (WEE.V).

Of particular interest is the comment

We expect to be shipping thousands of units out of Edmonton each year. And we intend to keep our company and the manufacturing component here.

If they actually lease a few thousand systems they'd have annual revenue approaching of $100 million (their current market cap is $42.8 million).  It is a big leap to move from 100's to 1000's of systems but fortunately they have adequate cash to build up some inventory.

I've been following Wavefront for over 3 years and I continue to believe that they will redefine the secondary and tertiary oil recovery markets.