VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 7, 2016) - Global Remote Technologies Ltd. (the "Company") (CSE:RGT)(GR9.F) is pleased to announce it has a new customer relationship with C&J Energy Services ("C&J") for the Company's newly acquired Helix Down Hole well stimulation tool.
The Company's wholly owned subsidiary, Global Remote Technologies, LLC, has entered into a Services Agreement with C&J. C&J operates in all major North American onshore basins with facilities across the United States and Western Canada. C&J also has an office in Dubai and is in the process of establishing an operational presence in key countries in the Middle East. (www.cjenergy.com) C&J provides a suite of services for the entire life cycle of the well, including cementing; directional drilling; fracturing; coiled tubing; wire line; rig services; fluids management; and numerous complementary services. C&J is deploying the Helix tools and technologies in the US market.
This new customer relationship achieves an important and significant milestone for the Company and the Helix tool, with the deployment of the Helix tool in South Texas and opening up other opportunities in the US marketplace. The potential tool value to GRT is estimated to be $280,000.00 US.
Chris Dorris, CEO of the Company, stated, "We're very excited about this relationship with C&J Energy as an important step towards achieving our goal of 8 new customers."
The Helix tool uses a patent pending design and engineering method to achieve unique flow patterns that are more effective for wellbore cleanouts than any other designs on the market. The Helix tool is a down hole cleaning and stimulation technology that combines traditional oscillation and pulse jetting structures into a single pattern. For more information about the Helix tool, equipment, and technology acquired by the Company, please refer to the Company's news release issued on October 27, 2015.
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 down hole 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.