Press Releases

Austin, TX, October 27, 2021 –  JP3 Measurement, LLC (“JP3”), a wholly-owned subsidiary of Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) today announced the release of a new generation of international ATEX/IECEx certified online analyzers. The Verax ISX/IMX™ analysers (“Verax™”) are specifically designed to withstand routine exposure to extreme outdoor environments, ambient temperatures up to 55°C/131°F and sandstorm pollution common to international environments.

Austin, TX, October 15, 2021 – JP3 Measurement, LLC (“JP3”), a wholly-owned subsidiary of Flotek Industries, Inc. (NYSE: FTK) today announced the release of AIDA, a revolutionary new patent pending application for its line of Verax^TM near infrared real-time analyzers.

HOUSTON, JUNE 22, 2020 — Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) is pleased to announce TengBeng Koid will be joining the Company as President, Global Business. In this role, he will oversee the Company’s domestic and international business development strategy for both divisions of Flotek – Energy Chemistry Technologies and its newly established Analysis & Data division, through the recent acquisition of JP3.

HOUSTON, May 18, 2020 – Flotek Industries, Inc. (“Flotek” or the “Company”) (NYSE: FTK) announced today it has acquired 100% ownership of JP3 Measurement, LLC (“JP3”), a privately held leading data and analytics technology company, in a cash-and-stock transaction. The transaction is valued at approximately $34.4 million, comprised of $25 million in cash and 11.5 million shares in Flotek common stock, with the assumption of $1.3MM of debt and an additional $5 million earn-out based on appreciation of Flotek’s share price.

For Immediate Release: Austin, TX (May 13, 2020) – JP3 Measurement, LLC, is pleased to announce it is working with Phillips 66 to launch a revolutionary data service solution which could deliver considerable savings to refined fuel producers, transporters and distribution terminal operators.

Austin, TX, September 5, 2018 (Newswire.com) – JP3 Measurement, LLC (JP3) is pleased to announce that it has received the Best Analyzer Technology award for 2018 by Hydrocarbon Processing magazine. The award, which was announced at the Houston ceremony on August 30, recognizes the high potential of the recently launched JP3 Digital Crude Signature technology.

Click here for more information about the Verax SSG/SSL.

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For Immediate Release:

Austin, TX (March 1, 2018) – JP3 Measurement, the leading real-time data and analytics firm in the energy industry, today announced the launch of a new line of economical online oil and gas analyzers. 

For Immediate Release:

 Austin (November 13, 2017) – JP3 Measurement, LLC (JP3) is pleased to announce that Kevin Brown of Houston has joined the company’s Board of Managers. Kevin brings extensive industry knowledge of the refining and downstream oil businesses to the Board and continues the company’s growth into the crude trading data services market.

For Immediate Release:

Austin, TX (June 13, 2016) – JP3 Measurement, LLC, is pleased to announce the launch of a revolutionary Data Services offering for the oil and gas industry. With this new offering, oil and gas customers can enjoy the advantages of real-time hydrocarbon composition and physical property analysis with no capital expenditure or long-term contract commitment. 

It is with great pleasure that we announce effective immediately that Insight Analytical Solutions, Inc., located in Calgary, Alberta Canada has agreed to become JP3’s Local Business Partner for the Canadian Oil and Gas Business. In this role, Insight Analytical will be responsible for JP3 product sales and deliveries within Canada.