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Pason Resolves IP Litigation Involving Intelligent Wellhead Systems

Newswire.ca - Mon Dec 8, 2025

CALGARY, AB, Dec. 8, 2025 /CNW/ - Pason Systems Inc. ("Pason" or the "Company") (TSX: PSI) announced today that its subsidiaries, Intelligent Wellhead Systems Inc. and IWS USA Corp., have entered into a settlement agreement with Downing Wellhead Equipment, LLC ending all ongoing and pending intellectual property ("IP") litigation between the parties. The terms of the agreement are confidential.

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