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Intelligent Wellhead Systems’ Director of Strategy and Marketing, Tracy Gray, Provides Great Insight for The Industry

Unleashing the Power of Customer Advisory Boards Combined With a Customer Value-Based Strategy

Companies that can adapt, innovate, and stay ahead of the curve not only survive, but thrive. To achieve this, a fresh approach to innovation is required: one that harnesses the collective wisdom of customer advisory boards and prioritizes a strategy based on customer value.

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Pason Announces Intent to Purchase Outstanding Shares of Intelligent Wellhead Systems, Inc.

Pason Systems Inc. (TSX: PSI) (“Pason” or the “Company”) is pleased to announce its intention to exercise a call option for the purchase of all remaining issued and outstanding common shares of Intelligent Wellhead Systems, Inc. (“IWS”) not currently held by Pason for total consideration of $88.3 million (the “Transaction”). As part of the Transaction, Pason will also assume net debt of approximately $7.0 million at closing. The Transaction is expected to close on January 1, 2024, subject to customary closing conditions, and will be financed with cash on hand. As at September 30, 2023, Pason held $178.4 million in Total Cash.

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Welcome Ricardo!

Intelligent Wellhead Systems is excited to further our commitment to our future oil and gas industry leaders. We want to welcome intern Ricardo Canales, a senior petroleum engineering major at the University of Houston and a member of the AADE Houston. Welcome to the Intelligent Wellhead Systems team, Ricardo!

Wellsite Operations: Game Changing Potential of Intelligent Wellhead Systems

The introduction of Wellsite Watch, an application by Intelligent Wellhead Systems (IWS), is revolutionizing wellsite operations by providing digital, simplified personnel management. This innovative technology not only enhances safety and efficiency but also promotes a strong safety culture and compliance with health, safety, and environment (HSE) regulations.

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