JP3

Flotek Bolsters Executive Leadership Team to Drive Innovation and Growth in Data Analytics Segment

Retrieved on: 
Wednesday, September 20, 2023

HOUSTON, Sept. 20, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has appointed Tom Redlinger as Vice President of its rapidly expanding, high margin Data Analytics segment.

Key Points: 
  • HOUSTON, Sept. 20, 2023 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced that it has appointed Tom Redlinger as Vice President of its rapidly expanding, high margin Data Analytics segment.
  • The appointment of Mr. Redlinger further strengthens the executive leadership team, while bringing deep energy industry expertise to the Data Analytics business, which supports customers through real-time data, monitoring, and visualization across the energy value chain utilizing the Company's proprietary JP3 unit.
  • Ryan Ezell, Chief Executive Officer, said, "I am pleased to welcome Tom to the Flotek leadership team.
  • Prior to NDT Global, Tom held executive leadership roles with Frank's International including Chief Revenue Officer with responsibilities for setting the corporate growth and technology development strategy.

FLOTEK JP3 VERAX® ANALYZER ENABLES FIELD GAS USAGE AT PROFRAC

Retrieved on: 
Wednesday, August 10, 2022

ProFrac's adoption of Flotek's JP3 Verax analyzers is expected to accelerate diesel's replacement with natural gas produced in the field in ProFrac's dual-fuel fleets, thereby simultaneously reducing cost and greenhouse gas emissions while increasing returns to our producer customers and protecting their capital equipment.

Key Points: 
  • ProFrac's adoption of Flotek's JP3 Verax analyzers is expected to accelerate diesel's replacement with natural gas produced in the field in ProFrac's dual-fuel fleets, thereby simultaneously reducing cost and greenhouse gas emissions while increasing returns to our producer customers and protecting their capital equipment.
  • This is a win/win/win for Flotek, ProFrac, and producers," said Chairman and CEO John W. Gibson, Jr.
  • He continued, "current use cases show that maximizing natural gas usage in dual fuel fleets can reduce diesel consumption by 50 70%.
  • "ProFrac's agreement for JP3's sensors allows reliable and consistent gas quality that protects our people and equipment in highly variable field conditions.

Flotek Announces Participation in Noble Capital Markets Virtual Road Show Series

Retrieved on: 
Monday, November 29, 2021

HOUSTON, Nov. 29, 2021 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) today announced their participation in Noble Capital Markets' Virtual Road Show Series, presented by Channelchek, scheduled for December 1, 2021.

Key Points: 
  • HOUSTON, Nov. 29, 2021 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK) today announced their participation in Noble Capital Markets' Virtual Road Show Series, presented by Channelchek, scheduled for December 1, 2021.
  • Join Flotek Industries CEO John W. Gibson, Jr for this exclusive fireside chat moderated by Noble Senior Research Analyst Michael Heim, featuring questions submitted by the audience.
  • The live broadcast of the virtual road show is scheduled for December 1, 2021, at 1 PM EDT.
  • Research on Channelchek is provided by Noble Capital Markets, Inc., an SEC / FINRA registered broker-dealer since 1984. www.channelchek.com email: [email protected]
    View original content to download multimedia: https://www.prnewswire.com/news-releases/flotek-announces-participation-...

Flotek Industries, Inc. Enters Settlement Agreement to Resolve Lawsuit With Archer-Daniels-Midland

Retrieved on: 
Friday, October 29, 2021

HOUSTON, Oct. 29, 2021 /PRNewswire/ --Flotek Industries, Inc. (NYSE: FTK) today announced that it had entered into a settlement agreement to resolve its previously-disclosed litigation with Archer-Daniels-Midland and other related parties.

Key Points: 
  • HOUSTON, Oct. 29, 2021 /PRNewswire/ --Flotek Industries, Inc. (NYSE: FTK) today announced that it had entered into a settlement agreement to resolve its previously-disclosed litigation with Archer-Daniels-Midland and other related parties.
  • Under the terms of the confidential settlement agreement, the pending suits between the parties in Texas andin Delaware will be dismissed.
  • John W. Gibson, Jr., Chairman, Chief Executive Officer and President of Flotek, stated, "We are pleased to have reached a mutually agreeable settlement with Archer-Daniels-Midland regarding termination of the terpene supply agreement to resolve this legacy matter.
  • Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people.

Flotek Industries, Inc. Releases New International ATEX/IECEx-Certified Verax ISX/IMX™ Online Analyzers

Retrieved on: 
Thursday, October 28, 2021

("Flotek" or the "Company") (NYSE: FTK) today announced the release of a new generation of international ATEX/IECEx certified online analyzers.The Verax ISX/IMXanalysers("Verax") are specifically designedto withstand routine exposure to extreme outdoor environments, ambient temperaturesup to 55C/131F and sandstormpollution common to international environments.

Key Points: 
  • ("Flotek" or the "Company") (NYSE: FTK) today announced the release of a new generation of international ATEX/IECEx certified online analyzers.The Verax ISX/IMXanalysers("Verax") are specifically designedto withstand routine exposure to extreme outdoor environments, ambient temperaturesup to 55C/131F and sandstormpollution common to international environments.
  • Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people.
  • A technology-driven, specialty green chemistry and data company, Flotek helps customers across industrial, commercial, and consumer markets improve their Environmental, Social, and Governance performance.
  • Flotek serves downstream, midstream, and upstream customers, both domestic and international.

Flotek Industries, Inc. Releases AIDA, an Advanced Machine Learning Application to Reduce Transmix-Related Costs

Retrieved on: 
Friday, October 15, 2021

(NYSE: FTK) today announced the release of AIDA, a revolutionary new patent pending application for its line of VeraxTMnear infrared real-time analyzers.

Key Points: 
  • (NYSE: FTK) today announced the release of AIDA, a revolutionary new patent pending application for its line of VeraxTMnear infrared real-time analyzers.
  • Rapidly deployable on VeraxTManalyzers without the need for additional sampling or chemometric modeling, the AIDA application can identify productssuch as refined fuels, crude and NGLs with its advanced machine learning algorithms that detectinterfaces within 60 seconds.
  • This allowsoperators to cut batches quicklyand accurately, reduce the mixing of two separate products (known as "transmix") and minimize off-spec product that requires downgrades.
  • "The AIDA application is a game-changer in transportation of multiple products in a common pipeline," said TengBeng Koid, JP3's President.

DGAP-News: Just - Evotec Biologics opens J.POD 1 US in Redmond, Washington

Retrieved on: 
Wednesday, August 11, 2021

Just - Evotec Biologics opens J.POD 1 US in Redmond, Washington

Key Points: 
  • Just - Evotec Biologics opens J.POD 1 US in Redmond, Washington
    The issuer is solely responsible for the content of this announcement.
  • Evotec SE (Frankfurt Stock Exchange: EVT, MDAX/TecDAX, ISIN: DE0005664809) today announced the opening of the company's late-stage clinical and commercial biologics cGMP manufacturing facility (J.POD(R) 1 US) in Redmond, Washington.
  • Dr Werner Lanthaler, Chief Executive Officer of Evotec, commented: "Evotec's mission is all about access to innovative, highly effective medicines.
  • Just - Evotec Biologics, wholly owned by Evotec SE, is a unique platform company that integrates the design, engineering, development, and manufacture of biologics.

Flotek Announces Second Quarter 2021 Results

Retrieved on: 
Monday, August 9, 2021

HOUSTON, Aug. 9, 2021 /PRNewswire/ --Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced second quarter results for the three months ended June 30, 2021.

Key Points: 
  • HOUSTON, Aug. 9, 2021 /PRNewswire/ --Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) today announced second quarter results for the three months ended June 30, 2021.
  • Consolidated Revenues:Flotek generated second quarter 2021 consolidated revenue of $9.2 million, up 3.4% from $8.9 million in the second quarter 2020, and was down 22.0% versus $11.8 million in the first quarter 2021.
  • Corporate General & Administrative Expenses (CG&A):Corporate general and administrative expenses for the second quarter of 2021 were $2.9 million, compared to $5.4 million for the second quarter of 2020 and $4.4 million for the first quarter of 2021.
  • Flotek will host a conference call on Tuesday, August 10, 2021, at 8:30 am CDT (9:30 a.m. EDT) to discuss its second quarter results for the three months ended June 30, 2021.