Intelligent Wellhead Systems appoints William Standifird as CEO alongside Gary Cresswell named Non-Executive Chairman of the Board of Directors

– CANADA, Calgary –  Intelligent Wellhead Systems Inc. today announced the appointment of William Standifird as CEO, effective October 5 while non-executive director Gary Cresswell will become independent Non-Executive Chairman of the Board.

About William Standifird

His 24-year international career includes operational and leadership positions in drilling, completions, and production technologies with startup and major oilfield service companies including Schlumberger and Halliburton.

“I am thrilled to lead the IWS team as we advance our portfolio of digital completion technologies. Our inVision Technology Platform is unmatched in helping oil and gas operators improve completions performance,” commented William Standifird. “Developing and implementing a safer, more reliable, and effective digital infrastructure for hydraulic fracturing and wireline operations promise to create significant value for our customers and shareholders.”

About Gary Cresswell

Gary Cresswell is a 30-year global industry veteran with a proven ability to lead strategic, technical, and operational teams. He has held several board positions and currently serves as a non-executive director for two oilfield technology companies and as Executive Chairman of Probe Technology Holdings.

Gary Cresswell said, “William is a strong addition to the executive team, and his leadership skills will help the IWS management team accelerate the growth of our innovative approach to helping operators deliver safe and efficient completions.”

About Intelligent Wellhead Systems

Intelligent Wellhead Systems designs, tests, manufactures and deploys proprietary and unique digital safety and efficiency workflow technologies for oil and gas well completion operations. The company’s inVision Technology Platform helps oil/gas and oilfield service companies reduce operating risk, lower the total cost of operations, and improve uptime. IWS is a privately owned technology and services company that is backed by Pason Systems Inc. (TSX: PSI).

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