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VentMeter Technologies Inc. Jointly Launched by Doull Site Assessments Ltd. and Hifi

Doull Site Assessments Ltd. ("DSA"), , and Hifi Engineering Inc. ("Hifi"), recently announced the creation of a new jointly owned business entity named VentMeter Technologies Inc.

VentMeter is an industry leading technology inclusive of a remotely operated device capable of detecting pressure build ups and low flow rates in real time in gas wells. The field devices are accessed via the web to manage data against reference baselines of surface casings with high precision. The technology is currently being used for many purposes, including monitoring and development of remedial strategies of major industry operators, regulators and service companies. DSA and Hifi previously operated under a revenue sharing business model for the VentMeter technology.

"We are very excited about the official launch of VentMeter Technologies," said Ryan Doull, DSA's Vice President of Technology. "VentMeter customers will continue to receive the best customer support, as well as the new technical enhancements VentMeter Technologies will bring to both domestic and international markets."

"We have made a tremendous investment to develop the best technology available in the market," said Steven Koles, Hifi's President & CEO. "The new VentMeter Technologies entity will provide the appropriate focus to ensure the intellectual property we've developed will be best leveraged by our customers."

Company info

607, 1100 8th Ave. SW
Calgary, AB
CA, T2P 3T9

Website:
doullsite.com

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#2, 816 - 46th Avenue SE
Calgary, AB
CA, T2G 2A6

Website:
hifieng.com

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