Energy & Technology Corp. ("Energy & Technology" or the "Company"), previously known as Technical Industries & Energy Corp. and a provider of equipment and services for the oil and gas industry, today announced that its revolutionary VisonArray™ technology, which gives an accurate measure of oilfield pipe strength and includes expandable liners, both allowing for deeper drilling, is now patent-protected. The patent abstract for U.S. Patent 7,401,518 is as follows:
"A method for inspection of tubular goods includes using ultrasonic detection means to obtain wall thickness measurement of discrete sections of a tubular good and recording each measurement in association with both the longitudinal and circumferential position at which each measurement was obtained. Accordingly each measurement of wall thickness represents a small portion of the wall thickness of said tubular in three dimensional space. A plurality of said measurements may thereby be displayed by computer means in virtual three dimensional format. Differing wall thickness readings made be represented by different shading or color display, so that anomalies of interest may be readily detected. Alternatively the recorded information may be readily processed by computer means to calculate the effect of stressors on the wall of said tubular good."
"With oil reserves becoming harder to access, the industry has clamored for an advance in technology that can make deeper drilling both possible and cost-effective," stated Energy & Technology President and CEO George M. Sfeir. "Offered through our affiliate Technical Industries, Inc., our proprietary VisonArray™ technology does just that, and it has given Energy & Technology a distinct competitive advantage. VisonArray™ has already been met with significant interest, and it has dramatically expanded our growth potential. Moreover, as this unique breakthrough technology is patent-protected, none of our competitors can offer the same solution."
To be added to the Energy & Technology investor email list, please email justin.davis@cirrusfc.com with ENGT in the subject line.
About Energy & Technology Corp.
As the holding company for Technical Industries, Inc. Energy Pipe, LLC and Highland Energy Threading, Energy & Technology Corp. (OTC BB:ENGT.OB - News) is a single source for rig, integrated systems, down hole tools, OCTG tubing and casing, line pipe, drill pipe, drilling tools and supply chain solutions. Energy & Technology provides a comprehensive drilling system for parts, down hole tools, non-destructive testing, storage and other products and services.
CONTACT:
Cirrus Financial Communications, LLC
Justin K. Davis
(877) 420-ENGT (3648)
Email Contact
http://www.cirrusfc.com
source yahoo
"A method for inspection of tubular goods includes using ultrasonic detection means to obtain wall thickness measurement of discrete sections of a tubular good and recording each measurement in association with both the longitudinal and circumferential position at which each measurement was obtained. Accordingly each measurement of wall thickness represents a small portion of the wall thickness of said tubular in three dimensional space. A plurality of said measurements may thereby be displayed by computer means in virtual three dimensional format. Differing wall thickness readings made be represented by different shading or color display, so that anomalies of interest may be readily detected. Alternatively the recorded information may be readily processed by computer means to calculate the effect of stressors on the wall of said tubular good."
"With oil reserves becoming harder to access, the industry has clamored for an advance in technology that can make deeper drilling both possible and cost-effective," stated Energy & Technology President and CEO George M. Sfeir. "Offered through our affiliate Technical Industries, Inc., our proprietary VisonArray™ technology does just that, and it has given Energy & Technology a distinct competitive advantage. VisonArray™ has already been met with significant interest, and it has dramatically expanded our growth potential. Moreover, as this unique breakthrough technology is patent-protected, none of our competitors can offer the same solution."
To be added to the Energy & Technology investor email list, please email justin.davis@cirrusfc.com with ENGT in the subject line.
About Energy & Technology Corp.
As the holding company for Technical Industries, Inc. Energy Pipe, LLC and Highland Energy Threading, Energy & Technology Corp. (OTC BB:ENGT.OB - News) is a single source for rig, integrated systems, down hole tools, OCTG tubing and casing, line pipe, drill pipe, drilling tools and supply chain solutions. Energy & Technology provides a comprehensive drilling system for parts, down hole tools, non-destructive testing, storage and other products and services.
CONTACT:
Cirrus Financial Communications, LLC
Justin K. Davis
(877) 420-ENGT (3648)
Email Contact
http://www.cirrusfc.com
source yahoo
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