KCF Technologies

KCF Technologies Announces Integration with Nabors Industries to Enhance Predictive Maintenance for Oil and Gas Drilling Rigs

Retrieved on: 
Tuesday, February 20, 2024

STATE COLLEGE, Pa., Feb. 20, 2024 /PRNewswire/ -- KCF Technologies, a leader in predictive maintenance and machine health solutions, today announced an integration with Nabors Industries, pioneer of the RigCLOUD® digital drilling platform, enabling customers to bring data from their wireless machine sensors into the open cloud system.

Key Points: 
  • Equipment failures pose significant challenges in the oil and gas drilling industry and can lead to unplanned downtime, increased operational costs and potential safety hazards.
  • KCF Technologies' analytics, predictive insights and visualizations will soon be embedded within RigCLOUD's software suite, streamlining operations and decision-making processes.
  • RigCLOUD is now the exclusive provider of KCF Smartdiagnostics to oil and gas drilling contractors.
  • Dr. Jeremy Frank, CEO and Co-founder at KCF Technologies, said: "Our experience in providing predictive maintenance solutions has been transformative.

Motor Monitoring Market worth $3.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 11, 2023

Based on the offering, the Motor Monitoring Market has been split into hardware, software and services.

Key Points: 
  • Based on the offering, the Motor Monitoring Market has been split into hardware, software and services.
  • This report segments the Motor Monitoring Market based on monitoring process; the Motor Monitoring Market has been segmented into online and offline/portable processes.
  • Such factors drive the growth of the online Motor Monitoring Market.
  • North America is expected to be the second-largest Motor Monitoring Market during the forecast period.

Motor Monitoring Market worth $3.5 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on: 
Monday, December 11, 2023

Based on the offering, the Motor Monitoring Market has been split into hardware, software and services.

Key Points: 
  • Based on the offering, the Motor Monitoring Market has been split into hardware, software and services.
  • This report segments the Motor Monitoring Market based on monitoring process; the Motor Monitoring Market has been segmented into online and offline/portable processes.
  • Such factors drive the growth of the online Motor Monitoring Market.
  • North America is expected to be the second-largest Motor Monitoring Market during the forecast period.

KCF Technologies Expands Patent Portfolio with Addition to Machine Health Optimization Platform

Retrieved on: 
Tuesday, September 12, 2023

STATE COLLEGE, Pa., Sept. 12, 2023 /PRNewswire/ -- KCF Technologies, a pioneering force in the field of machine health optimization, proudly announces the acquisition of its 23rd patent, reinforcing its position as an industry leader in innovative solutions for machine health monitoring.

Key Points: 
  • STATE COLLEGE, Pa., Sept. 12, 2023 /PRNewswire/ -- KCF Technologies, a pioneering force in the field of machine health optimization, proudly announces the acquisition of its 23rd patent, reinforcing its position as an industry leader in innovative solutions for machine health monitoring.
  • This unique capability enables the platform to achieve an impressive 3.6 times greater asset coverage than other machine health providers, streamlining and enhancing machine health monitoring in diverse industrial settings.
  • "KCF Technologies is dedicated to spearheading sustainability, safety, and competitiveness across industries by addressing machine health challenges head-on," says Jeremy Frank, CEO at KCF Technologies.
  • Since its inception, KCF Technologies has been at the forefront of machine health optimization.

KCF Technologies helps Calfrac Well Services Ensure Reliable Hydraulic Fracturing

Retrieved on: 
Tuesday, February 14, 2023

STATE COLLEGE, Pa., Feb. 14, 2023 /PRNewswire/ -- Calfrac Well Services (Calfrac), one of the largest hydraulic fracturing companies based on horsepower (~1.3 million horsepower) is using KCF Technologies Machine Health Platform to reduce downtime and increase productivity.

Key Points: 
  • STATE COLLEGE, Pa., Feb. 14, 2023 /PRNewswire/ -- Calfrac Well Services (Calfrac), one of the largest hydraulic fracturing companies based on horsepower (~1.3 million horsepower) is using KCF Technologies Machine Health Platform to reduce downtime and increase productivity.
  • Calfrac's services include hydraulic fracturing, coiled tubing, cementing, and other well stimulation techniques designed to help increase the production of oil and natural gas.
  • Operating in western Canada, United States, and Argentina, Calfrac has fully deployed KCF Technologies' Platform across all 10 of its fleets in the US.
  • The relationship between Calfrac and KCF Technologies started in 2021 with one fleet and quickly accelerated to cover all their US based fleets.

KCF Technologies Named Machine Health Partner of Keystone Clearwater Solutions

Retrieved on: 
Wednesday, February 8, 2023

STATE COLLEGE, Pa., Feb. 8, 2023 /PRNewswire/ -- Keystone Clearwater Solutions and KCF Technologies, provider of the leading machine health optimization platform, today announced KCF as the Official Machine Health Partner of Keystone Clearwater.

Key Points: 
  • STATE COLLEGE, Pa., Feb. 8, 2023 /PRNewswire/ -- Keystone Clearwater Solutions and KCF Technologies, provider of the leading machine health optimization platform, today announced KCF as the Official Machine Health Partner of Keystone Clearwater.
  • KCF Technologies will connect all of Keystone Clearwater's critical pumps and motors to their machine health platform using wired and wireless vibration sensors.
  • KCF Technologies' machine health monitoring solutions have collectively saved partners an estimated $3.4B in documented savings.
  • KCF Technologies exists to drive sustainability, safety, and competitiveness for our partners and their communities by solving the world's machine health problems.

ANDRITZ to leverage KCF Technologies machine health monitoring solutions to improve customer plant safety

Retrieved on: 
Thursday, February 2, 2023

STATE COLLEGE, Pa., Feb. 2, 2023 /PRNewswire/ -- International technology group ANDRITZ and KCF Technologies, a leading provider of machine health solutions, announced their global collaboration today.

Key Points: 
  • STATE COLLEGE, Pa., Feb. 2, 2023 /PRNewswire/ -- International technology group ANDRITZ and KCF Technologies, a leading provider of machine health solutions, announced their global collaboration today.
  • By combining KCF's machine health solutions with ANDRITZ's extensive expertise in equipment design and process optimization, both companies will further improve customers' plant safety, machine reliability, asset management, and system uptime in the pulp and paper industry.
  • The convergence of Metris – ANDRITZ Digital Solution platform and KCF's SMART diagnostics platform combines process optimization with real-time machine health data.
  • KCF Technologies exists to drive sustainability, safety, and competitiveness for our partners and their communities by solving the world's machine health problems.

KCF Technologies reaches $1 Billion in Customer Savings in CY2022

Retrieved on: 
Wednesday, January 18, 2023

STATE COLLEGE, Pa., Jan. 18, 2023 /PRNewswire/ -- KCF Technologies, a leading provider of machine health optimization technology and services, announced today a major milestone – $1,001,781,030 in tracked customer savings collectively across all industries they served in 2022, bringing all time savings to over $3.5B.

Key Points: 
  • STATE COLLEGE, Pa., Jan. 18, 2023 /PRNewswire/ -- KCF Technologies, a leading provider of machine health optimization technology and services, announced today a major milestone – $1,001,781,030 in tracked customer savings collectively across all industries they served in 2022, bringing all time savings to over $3.5B.
  • For the last three years, we have been trying to get over that $1B dollar per year threshold.
  • Milestones like this would not be possible to accomplish without everyone's contribution, both at customer locations and the technical experts at KCF," said Dr. Jeremy Frank, CEO of KCF Technologies.
  • Since formally documenting customer ROI in 2018, in partnership with customers, KCF has helped customers avoid 68,932 hours of downtime, collected over a quarter million years' worth of machine health data, increased overall equipment life expectancy, and produced $3,534,858,399 in documented customer savings.

Harris Williams Advises KCF Technologies on its Minority Growth Equity Investment Led by Graham Partners Growth

Retrieved on: 
Friday, August 5, 2022

Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised KCF Technologies (KCF), a provider of machine health optimization, on its minority growth equity investment led by Graham Partners Growth, the growth equity strategy of Graham Partners.

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised KCF Technologies (KCF), a provider of machine health optimization, on its minority growth equity investment led by Graham Partners Growth, the growth equity strategy of Graham Partners.
  • The transaction was led by Eric Logue and Jenson Dunn of the Harris Williams Industrials Group .
  • With the equity infusion led by Graham Partners Growth, we are excited to watch KCF continue to push the envelope on technologies aimed at digitally transforming industrial manufacturing operations, said Eric Logue, a managing director at Harris Williams.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

KCF Technologies Accelerates Machine Health Platform with new Investors

Retrieved on: 
Wednesday, July 20, 2022

STATE COLLEGE, Pa., July 20, 2022 /PRNewswire/ -- KCF Technologies, a leading provider of machine health optimization technology and services, announced strategic investments through its first growth capital round.

Key Points: 
  • STATE COLLEGE, Pa., July 20, 2022 /PRNewswire/ -- KCF Technologies, a leading provider of machine health optimization technology and services, announced strategic investments through its first growth capital round.
  • The benefit to the capital raised will help KCF scale faster with technology development, sustain rapid growth, and continue to push industry beyond predictive maintenance with a full machine health platform.
  • New features for 2022 that are advancing adoption of the machine health platform include Sensor AI and MachineIQ.
  • SMARTdiagnostics continues to develop on a foundation of 200,000 collective years of machine health and over 60 billion machine health measurements to further advance offerings powered by advanced analytics, Machine Learning, and AI.