QUEBEC CITY, Sept. 22,
2016 /CNW Telbec/ - Opsens Inc. ("Opsens" or the "Company")
(TSXV: OPS) (OTCQX: OPSSF) is pleased to announce an exclusive
distribution agreement between Opsens Solutions Inc. ("Opsens
Solutions"), a wholly-owned subsidiary of Opsens Inc. and Precise
Downhole Services Ltd. ("Precise DHS") for the commercialisation of
its product line dedicated to the Canadian oil and gas market.
Precise DHS, is a Canadian company engaged in the business of
reservoir monitoring for the heavy oil industry with turnkey
packages from manufacturing, installation to final commissioning.
The company is recognized for its expertise and capabilities of
providing solutions for the measurement of downhole pressure and
temperature. As part of the agreement, Opsens Solutions appoints
Precise DHS as an exclusive distributor for the OPP-W sensor
product line in the Canadian territory.
"The signing of this agreement is in line with Opsens Solutions'
strategy to focus on the marketing of optical products with highly
added value. We are pleased to expand on our cooperation with
Precise DHS to offer our customers the best products and services
at the best cost," said Gaétan Duplain, President of Opsens
Solutions.
"This agreement allows Precise DHS to enhance its product line
and opens the door to synergies that will benefit our customers,"
said Nathan Frederick, President of
DHS Precise.
In thermal recovery processes, Opsens' OPP-W fiber optic sensor
provides oil sands producers with real-time downhole pressure and
temperature information about their SAGD wells during operation.
The ability to accurately control bottomhole pressure at high
temperatures for artificial lift systems such as electrical
submersible pumps allows SAGD operators to improve steam/oil ratios
and reduce operating costs. For multiple well operations, the
technology provides millions of dollars in savings by reducing
water treatment costs, resulting in optimization of natural gas
consumption as it pertains to steam generation and enhancing the
run time of artificial lift systems.
About Opsens Inc. (www.opsens.com or
www.opsensmedical.com)
Opsens focuses mainly on the measure of FFR in interventional
cardiology. Opsens offers an advanced optical-based pressure
guidewire (OptoWire) that aims at improving the clinical outcome of
patients with coronary artery disease. Opsens is also involved in
industrial activities. The Company develops, manufactures and
installs innovative fibre optic sensing solutions for critical
applications such as the monitoring of oil wells and other
demanding industrial applications.
Forward-looking statements contained in this press release
involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance and achievements of
Opsens to be materially different from any future results,
performance or achievements expressed or implied by the said
forward-looking statements.
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.
SOURCE OPSENS INC.