Wavefront Technology Solutions Inc. announced that Pan American Energy (PAE) in Argentina will be purchasing seven new Powerwave downhole fluid pulsing systems at a contract value worth approximately USD 303,000. The purchase agreement with PAE is for the Los Flores Norte - Cerro Dragon oil field in southern Argentina and is the result of positive Powerwave performance during the initial field pilot programs which has to date seen an increase in estimated ultimate recovery or incremental oil of 3.5% over non-Powerwave production trends. Under the terms of the purchase agreement, PAE will purchase the downhole Powerwave tools and ancillary equipment and pay Wavefront a yearly licensing and maintenance fee.