18:30:36 EDT Wed 24 Apr 2024
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or Name
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CA



Essential Energy Services Ltd
Symbol ESN
Shares Issued 141,951,474
Close 2017-11-03 C$ 0.60
Market Cap C$ 85,170,884
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Essential Energy wins patent lawsuit over Packers Plus

2017-11-03 18:17 ET - News Release

Mr. Garnet Amundson reports

ESSENTIAL ENERGY SERVICES ANNOUNCES PATENT LITIGATION DECISION

Essential Energy Services Ltd. has been advised that the Federal Court of Canada rendered its decision with regard to a patent infringement proceeding commenced in 2013 by Packers Plus Energy Services Inc. alleging that certain methods associated with the Tryton multistage fracturing system infringe a patent issued to Packers Plus.

The court ruled on Nov. 3, 2017, that the patent was not valid and that Essential did not infringe on the patent.

Garnet Amundson, president and chief executive officer of Essential, commented: "This is outstanding news. We are extremely pleased with the court's ruling that the patent is not valid and that Essential did not infringe on the patent. The decision upholds our assertion that the action was without merit."

About Essential Energy Services Ltd.

Essential provides oil field services to oil and natural gas producers, primarily in Western Canada. Essential offers completion, production and abandonment services to a diverse customer base. Services are offered with coil tubing, fluid and nitrogen pumping, and the sale and rental of downhole tools and equipment. Essential offers the largest coil tubing fleet in Canada.

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