Category: Press Releases
Flotek Industries, Inc. Releases New International ATEX/IECEx-Certified Verax ISX/IMX™ Online Analyzers (10/27/2021)
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.
Flotek Industries, Inc. Releases AIDA, an Advanced Machine Learning Application to Reduce Transmix-Related Costs (10/15/21)
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 VeraxTM near infrared real-time analyzers.
Flotek Welcomes New President of Global Business (6/22/20)
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.
Flotek Acquires JP3, Leading Data and Analytics Technology Company (5/18/20)
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.
JP3 Announces Joint Data Service Solution with Phillips 66 to Reduce Transmix Generation (5/13/20)
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.
JP3 Receives Best Analyzer Technology Award for 2018 (9/5/18)
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.
JP3 Releases Line of Single Stream Analyzers for Hydrocarbon Composition and Physical Properties Analysis (3/2/18)
Click here for more information about the Verax SSG/SSL.
Click here to see press release with photos.
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.
Kevin Brown Joins JP3 Board of Managers (11/13/17)
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.
JP3 Launches Revolutionary Data Services Offering for Hydrocarbon Composition and Physical Properties Analysis in the Oil and Gas Industry (6/13/16)
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.
Insight Analytical Named JP3 Local Business Partner (LBP) for Canada (5/23/16)
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.