Energy and Technology, Corp. PKA Technical Industries & Energy, Corp. Reveals New Cutting Edge Exploration Technology

Energy and Technology Corp.’s (OTC BB: ENGT.OB) subsidiary Technical Industries, Inc. announced today the development and current installation of a revolutionary new inspection wall mapping imaging system. The new system vastly improves material handling speed and safety, and can handle larger OD pipe up to 30”. Increased sensors and automation allow for reduced inspection times, up to half for some applications, and include an automatic anomaly marking system. The new system is expected to greatly reduce production times, increase overall efficiency and accuracy, and includes:

VisonArrayTM wall mapping patented methods and technology can help energy companies use present pipe and equipment in order to reach deep energy reserves that present technology does not allow and much more. Use of OCTG, drillpipe and landing strings at deeper depths is limited by current API strength specifications which were written many years ago and no longer can be used. The industry discovered that there is “unread” strength remaining in these materials when using these specifications. Therefore, Technical Industries, Inc. research engineers worked hard and the company invested large amounts of capital to develop the latest technology available in order to show an accurate image of the pipe. This allows engineers to enter the proper equations and algorithms to accurately determine actual pipe strength and utilize existing equipment to drill deeper.

Patent Abstract No.: US 7,401,518 B2 & Chinese No. ZL 2004 8 0012199.4

“A method for inspection of tubular goods includes using ultrasonic detection means to obtain wall thickness measurement of discrete sections of a tubular good and recording each measurement in association with both the longitudinal and circumferential position at which each measurement was obtained. Accordingly each measurement of wall thickness represents a small portion of the wall thickness of said tubular in three-dimensional space. A plurality of said measurements may thereby be displayed by computer means in virtual three-dimensional format. Differing wall thickness readings may be represented by different shading or color display, so that anomalies of interest may be readily detected. Alternatively the recorded information may be readily processed by computer means to calculate the effect of stressors on the wall of said tubular good.”

To be added to the Energy & Technology, Corp. investor email list, please email chrisjohnson@engt.com.

About Energy & Technology, Corp.

As the holding company for Technical Industries, Inc., Energy Pipe, LLC and Energy Technology Threading, LLC, Energy & Technology, Corp. (OTC BB: ENGT.OB - News) is a single source for rigs, integrated systems, down hole tools, OCTG tubing and casing, linepipe, drillpipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, non-destructive testing, storage and other products and services. To learn more about ENGT visit: www.engt.com.

SAFE HARBOR STATEMENT

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2008 and other documents filed by ENGT with the SEC.

Energy and Technology (PK) (USOTC:ENGT)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024