CALGARY, ALBERTA -- (Marketwired) -- 05/01/14 -- GASFRAC Energy Services Inc., with headquarters in Calgary and operations in Alberta and Texas, announced today it has been voted a Gold winner for innovation at the 27th Annual Edison Awards, held yesterday at the Julia Morgan Ballroom in San Francisco. GASFRAC won top honours in the Energy & Sustainability category for its Vantage® Frac waterless fracturing process.
Being recognized with an Edison Award has become one of the highest accolades a company can receive in the name of innovation and business. The awards are named after Thomas Alva Edison (1847-1931) whose inventions, new product development methods and innovative achievements literally changed the world, garnered him 1,093 U.S. patents, and made him a household name around the world.
The ballot of nominees for the Edison Awards was judged by a panel of more than 3,000 leading business executives including past award winners, academics and leaders in the fields of product development, design, engineering, science and medical.
GASFRAC's Vantage Frac process is a closed stimulation process and injection method utilizing gelled LPG rather than conventional frac fluids. LPG Gel properties such as low surface tension, low viscosity, low density combine to create more effective fracturing lengths that enable higher initial and long-term production of the well. The gel process also allows for 100 per cent recovery of fracturing fluids within days of stimulation - leading to economic and environmental benefits such as a reduction in clean-up, waste disposal and post-job truck traffic.
About the Edison Awards
The Edison Awards is a program conducted by Edison Universe, a non-profit organization dedicated to fostering future innovators. The Awards have been recognizing and honoring the best in innovations and innovators since 1987. They honor game-changing innovations that are at the forefront of new product and service development, marketing and human-centered design, and are one of the highest accolades a company can receive in the name of successful innovation. 2014 honorees include Riddell®, Levi's®, AT&T Inc., Braun, Fitbit, Lenovo and many more.
About GASFRAC Energy Services Inc.
GASFRAC Energy Services Inc. is an innovative North American based well-fracturing company offering a complete range of conventional frac fluids, frac services and consulting expertise, along with a patented waterless Liquid Petroleum Gas gel that yields higher reservoir production while eliminating concerns over water use in fracturing. Our proven, proprietary Liquid Petroleum Gas gel process offers an alternative to conventional fracturing that address industry needs for water conservation, increased employee safety and better working conditions in the field.
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