Flotek Industries Announces Texas A&M Research Initiative on Nanotechnology and Unconventional Hydrocarbon Production


QDOTS imagesCAKXSY1K 8HOUSTON, July 29, 2013 /PRNewswire/ — Flotek Industries, Inc. announced today sponsorship of applied research at Texas A&M University to investigate the impact of nanotechnology on oil and natural gas production in emerging, unconventional resource plays.

“With the acceleration of activity in oil and gas producing shales, a better understanding of the impact of various completion chemistries on tight formations with low porosity and permeability will be key to developing optimal completion techniques in the future,” said John Chisholm, Flotek’s Chairman, President and Chief Executive Officer. “While we know Flotek’s Complex nano-Fluid chemistries have been successful in enhancing production in tight resource formations, we believe a more complete understanding of the interaction between our chemistries and geologic formations as well as a more precise comprehension of the physical properties and impact of our nanofluids in the completion process will significantly enhance the efficacy of the unconventional hydrocarbon completion process. This research continues our relationship with Texas A&M where we also are conducting research into acidizing applications in Enhanced Oil Recovery.”

Specifically, the research will focus its investigation on the oil recovery potential of complex nanofluids and select surfactants under subsurface pressure and temperature conditions of liquids-rich shales.

Dr. I. Yucel Akkutlu, Associate Professor of Petroleum Engineering in the Harold Vance Department of Petroleum Engineering at Texas A&M University will serve as the principal investigator for the project. Dr. Akkutlu received his Masters and PhD in Petroleum Engineering from the University of Southern California. He has over a decade of postgraduate theoretical and experimental research experience in unconventional oil and gas recovery, enhanced oil recovery and reactive flow and transport in heterogeneous porous media. He has recently participated in industry-sponsored research on resource shales including analysis of microscopic data to better understand fluid storage and transport properties of organic-rich shales.

“As unconventional resource opportunities continue to grow in importance to hydrocarbon production, understanding ways to maximize recovery will be key to improving the efficacy of these projects,” said Dr. Akkutlu. “The key to enhancing recovery will be to best understand robust, new technologies and their impact on the completion process. Research into complex nanofluid chemistries to understand the physical properties and formation interactions will play an integral role in the future of completion design to optimize recovery from unconventional hydrocarbon resources.”

The research will commence immediately. Inquiries regarding the research should be directed to Flotek.

About Flotek Industries, Inc.

Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry. Flotek Industries, Inc. is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.”

For additional information, please visit Flotek’s web site at www.flotekind.com.

 

SOURCE  Flotek Industries, Inc.

Advertisements

Nano Labs CTLE Literally Redefines “Green Energy”


Press Release: Nano Labs Corp. – Wed, Dec 19, 2012 7:10 AM EST

QDOTS imagesCAKXSY1K 8DETROIT, Dec. 19, 2012 (GLOBE NEWSWIRE) — Nano Labs Corp. (CTLE) today announced it has developed an innovative “intelligent illumination system” for greenhouses, that works with commercial light-emitting diodes (LEDs) to reduce energy consumption and improve processes contributing to the growth of plant life in agricultural greenhouses.

The new system reduces energy consumption while at the same time providing improved control over artificial light used to stimulate photochemical activities in plants for growth and the production of chlorophyll. By employing a “The Pulse Modulated Chlorophyll Fluorescence Monitoring Stage”, the innovative technology provides for the automatic control of light in relation to a whole range of greenhouse and plant conditions, including seasonal adjustments tailored to the type of vegetables and plants being illuminated.

“Through nanotechnology, we believe we’re taking LEDs to another level for commercial greenhouses and the agriculture industry,” said Nano Labs’ President Bernardo Chavarria. ” Our technology offers better control in relation to light frequency (or wavelength), light quality, and pulse width of the light beams emitted by the LEDs, which hold important advantages over other existing artificial illumination sources such as fluorescent lamps, metal halide lamps, and high pressured sodium lamps. Our system offers higher efficiency in terms of energy consumption, quantum efficiency of the light produced, provides longer lifespan, controllable emission spectrum, safer handling, as well as improved disposal procedures.”

In developing the technology, Nano Lab’s goal was to help world agriculture to improve the crop yields and the quality of produce, while maintaining low energy consumption and minimizing the environmental impacts, Mr. Chavaria explained.

“We all know that light, to a large extent, is responsible for life on Earth. However, for a long time Science has worked only to a limited degree to study how we humans can use artificial light to promote plant growth. In recent years, though, we’ve seen very impressive developments in light-emitting diodes (LEDs), not only in terms of their  improved illumination capabilities, but also in relation to affordability. We believe LEDs hold much promise for creating new technologies for the 21st century agriculture,” said Dr. Victor Castano, CEO of Innovation at Nano Labs.

The novel system for greenhouses has allowed Nano Labs to determine the effect of pulsed light, as opposed to simple continuous light, in a frequency range from 0.1Hz to 100 kHz, with red and blue LEDs on the chlorophyll fluorescence emission of tomato plants, demonstrating that it is possible through the Company’s innovations to control and enhance plant growth at will.

This technology represents an answer to the greenhouse growers problem worldwide, of making as efficient as possible the crop yield in their agricultural greenhouses, while maintaining a low energy consumption, thus having a favourable impact on the environment. Also, the technology aims to link two important industrial activities which would seem to have little relation: photonics and agriculture, opening new market opportunities for both. With Nano Labs` approach, it would be possible to increase the vegetable production in greenhouses, independently of the season, for the pulsed LEDs light replicates the crop cycles efficiently at a low energy cost.

About Nano Labs Corp.

Nano Labs Corp. (CTLE) is a nanotechnology research and development company which began during October 2012, but is able to access resources that encompass nearly 30 years of research and development in nanotechnology as well as hundreds of peer-reviewed and published research papers and other scholarly material. The Company’s research and development team of scientists, designers, and engineers is focused on creating a portfolio of advanced products that could provide benefits to a variety of industries including: (i) consumer products, (ii) energy, (iii) materials, and (iv) healthcare. Through the use and integration of proprietary nano compounds, our goal is to evolve common products into new, revolutionary products in order to make the world a better place. Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE. For more information, please visit www.NanoLabs.us.

The Nano Labs Corp. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=16293

Forward looking statements

This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements and any such difference may be caused by risk factors listed from time to time in the Company’s news releases and/or its filings with the OTC Bulletin Board or as a result of other factors.

 

Contact:
Nano Labs Corp. Bernardo Camacho Chavarria President 1 (888) 806-2315

Nano Labs Corp. (CTLE) Announces Progress as Company Builds North American Alliance


TORONTO — (Marketwire) — 11/09/12 — A Report to Shareholders released today by Nano Labs Corp. (OTCQB: CTLE) — a nanotechnology development company — brought encouraging news from the company’s recently appointed Chief Research and Innovation Officer. Dr. Victor Castano told shareholders, “on behalf of the Nano Labs Board of Directors, I am pleased to report that our new road map and business plan for success through 2013 aim to make Nano Labs the company to watch as a rising American star in emerging technologies.”

Dr. Castano said, “We have positioned our young company to fire on all cylinders. Our people, products and facilities have come together in a North American alliance that we believe uniquely positions us for aggressive growth and success across multiple industry sectors. Through our R&D facilities in Mexico, our headquarters in Detroit, and our marketing resources in Toronto, we are already working towards patent finalization, testing, certification and commercialization of five remarkable nanotech applications relating to energy, medicine, and industrial and consumer goods, respectively. I look forward to discussing these in more detail in the coming days and weeks as we file our new business plan, launch our new website, and finalize details involving patents and intellectual property rights.”

Dr. Castano remarked about two intriguing nanotech solutions. First, the company is working to finalize the patent application for a remarkable surface coating boasting fire-resistant characteristics at up to 1,500 degrees Celsius, which may be used in numerous types of industrial and consumer goods. The other solution is a process to turn organic solutions into applications for various industrial and commercial uses. In describing this process in the Shareholders’ Report, Dr. Castano added a touch of humor. “We have also developed a nanotech process whereby we turn organic solutions — such as acetone and ethanol (including tequila) — into diamond film for industrial and possibly consumer use. But of course, we have been, and will continue to be, very sober in the approach we take when turning tequila into diamonds.”

Altogether, the initiatives involve just a few of the innovations Dr. Castano brings with him as an internationally celebrated scientist working for some 30 years in the field of nanotechnology. Dr. Castano reported that as he works with a team of scientists, technicians and executive-level business and marketing professionals, Nano Labs is exploring other fronts to take full advantage of its diversified base of more than 500 peer-reviewed papers, products, and prototypes relating to energy & fuel, health & medicine, food & agriculture, and building & industrial materials.

“Nanotechnology no longer promises to change the world, the change is right now in progress. And I am delighted that we as shareholders of Nano Labs stock are all aboard a ship headed for what we believe could be hugely profitable and beneficial horizons. We are working to create products and materials that come with the satisfying investment benefit of making our industries stronger, our economies healthier, and our environment safer. Indeed, it’s amazing what science and industry are now capable of achieving through the modification and manipulation of matter at molecular and atomic scales,” Dr. Castano said.

“In addition, we believe that nanotechnology presents a potentially attractive opportunity for Nano Labs’ investors. Let’s just keep in mind that right now, we believe the world is looking at a sea of change in innovative nanotechnology, with research pointing to the prospect of $2.6 trillion in global revenues for the sector — representing 15 per cent of all projected global manufacturing — by 2014. These revenues contrast with $13 billion in 2004. That, in our estimation, is phenomenal growth,” he said.

“We here at Nano Labs believe that we are at the vanguard. In my estimation, we are riding the crest of a wave of such a significant impact that it effectively amounts to a new American industrial revolution. We hope that you join us on our journey,” Dr. Castano told shareholders.

“I look forward to keeping the Company’s shareholders up to date about our aggressive business plan to create strategic and commercial partnerships and joint ventures. In our view, prospects for long-term national and international relationships with significant global brand licensing and distribution partners are looking very good indeed. During my tenure as Chief Research and Innovation Officer, I will be lecturing at various of the leading R&D and education institutions in the world to discuss the promise of nanotechnology. I honestly believe that it is all forward from here,” Dr. Castano said.

 

 
13

About Nano Labs Corp.

Nano Labs Corp. (CTLE) (the “Company,” “we” or “us”), a Colorado corporation, was founded in October 2012, but it is able to rely upon resources that include over 30 years of research and development in nanotechnology and more than 500 peer-reviewed and published research papers and patents. The Company’s research and development team of scientists, designers, and engineers are focused on creating a portfolio of products of next-generation products in the consumer products, energy, materials science, pharmaceutical and healthcare industries. Through the use, and integration of proprietary nano compounds, our goal is to evolve everyday, existing products, into new, revolutionary products, in order to make the world a better place. Nano Labs shares are traded on the OTC Bulletin Board in the United States under the ticker CTLE. For more information, please visit http://www.NanoLabs.us.

http://nanolabs.us/

Forward looking statements

This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993 and Section 21E of the Securities Exchange Act of 1934 and is subject to the safe harbor created by those laws. These forward-looking statements are based upon a number of assumptions and estimates that are subject to significant uncertainties that involve known and unknown risks, many of which are beyond our control and are not guarantees of future performance. Actual outcomes and results could materially differ from what is expressed, implied, or forecasted in any such forward-looking statements. Risk factors listed from time to time in its news releases and its filings with the OTC Bulletin Board may materially and adversely affect the Company’s actual performance and future results.