Global Remote Enters into Service Agreement with ConocoPhillips
(firmenpresse) - Global Remote Enters into Service Agreement with ConocoPhillips
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
APRIL 27th, 2016 - VANCOUVER, BC - Global Remote Technologies Ltd. (CSE: RGT) (Frankfurt: GR9) (the Company or Global Remote) is pleased to announce it has entered into a vendor agreement with ConocoPhillips (NYSE: COP) in order to utilize the Companys Helix downhole well stimulation tool. ConocoPhillips is one of the worlds largest multinational public oil & gas companies with its headquarters located in Houston, TX (www.conocophillips.com).
Chris Dorris, CEO of Global Remote states: We are extremely pleased to have one of the largest oil and gas companies in the world, as a client utilizing the Helix downhole well stimulation tool. This relationship with ConocoPhillips achieves an important milestone for the Company, further demonstrating the effectiveness and widespread adoption of the Helix by some of the largest companies in the oil and gas industry.
The Companys Helix tool uses a patent pending design and engineering method to achieve a unique flow pattern that is effective for wellbore stimulation and cleanouts. The Helix Tool is a downhole cleaning and stimulation technology that combines traditional oscillation and pulse jetting structures into a single pattern.
Helix technology has been tested and utilized by several major oil companies in the US and in Canada, the results of which have shown consistent oil flow increases of 35-92% post-clean out and stimulation.
About Global Remote Technologies
The Company focuses on the deployment of emerging technologies for the energy sector. The Company has licensed multiple patent pending tools for the oil and gas industry. Using its advanced engineering and leadership experience, the Company brings cutting edge processes and technology to the oil patch. Its remote sensor packages transmit telemetry from drilling and production sites in real time to a central server where it is viewed in the cloud. The systems are designed to provide key personnel an early warning system to avoid equipment failures or costly compliance fines. The Company collects and communicates vital information on the status of equipment, tanks, and pipelines for exploration, production, and transmission of oil, gas and water. In addition, the Company recently acquired a Helix downhole well stimulation tool and related technology. The tool uses a patent pending design and engineering method to achieve a unique flow pattern for wellbore stimulation. The Company is headquartered in Vancouver, BC, with offices in Denver, Colorado and Houston, Texas.
Further information about the Company is available under its profile on the SEDAR website (www.sedar.com), on the CSE website (www. thecse.com) and on its corporate website (www.grtcse.com).
On Behalf of the Board of Directors
GLOBAL REMOTE TECHNOLOGIES LTD.
Chris Dorris
CEO and Director
Global Remote Technologies Ltd.
1000 - 355 Burrard St., Vancouver, BC, V6C 2G8
For further information on the Company, please contact:
Investor Enquiries
Telephone: 604-449-5302
Email: RGTInvestors(at)gmail.com
Forward-Looking Information:
This press release may include forward-looking information within the meaning of Canadian securities legislation concerning the business of the Company. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forwarding looking wording such as may, expect, estimate, anticipate, intend, believe and continue or the negative thereof or similar variations. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward looking statements will not occur. The forward-looking information is based on certain key expectations and assumptions made by the management of the Company, including the effectiveness of the Helix and other products and services. Although the Companys management believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward- looking information because the Company cannot provide any assurance that it will prove to be correct. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of the Company. Important factors that could cause actual results to differ materially from the Companys expectations include the failure to satisfy the conditions of the Canadian Securities Exchange, consumer sentiment towards the Companys products, technology failures, competition, litigation, and failure of counterparties to perform their contractual obligations and other risks detailed from time to time in the filings made by the Company. These forward-looking statements are made as of the date of this press release and the Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in the United States. The securities described herein have not been registered under the United States Securities Act of 1933, as amended (the U.S. Securities Act), or any state securities law and may not be offered or sold in the United States, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration requirements is available.
Leseranfragen:
Datum: 28.04.2016 - 06:00 Uhr
Sprache: Deutsch
News-ID 467048
Anzahl Zeichen: 6410
contact information:
Town:
Wien
Kategorie:
Business News
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