Profire Energy Announces Strategic Partnership with Spartan Controls
March 16 2021 - 4:30PM
Profire Energy, Inc. (NASDAQ: PFIE), a technology company (the
"Company") that provides solutions which enhance the efficiency,
safety, and reliability of industrial combustion appliances, today
announces the signing of a strategic distribution agreement and
partnership with Spartan Controls Ltd. (“Spartan”).
The Spartan partnership is designed to strengthen existing and
new customer and industry relationships by leveraging a
significantly increased footprint in Western Canada. The agreement
with Spartan provides Profire access to an expanded sales team
focused on industrial combustion markets and opportunities. Profire
believes this agreement will contribute to the Company’s growth
strategy as global economies continue to recover from the
Coronavirus pandemic.
“Partnering with Spartan Controls aligns with our strategic
focus to expand our brand presence beyond our traditional upstream
and midstream markets. Spartan Controls, Emerson’s Impact partner
in Western Canada, brings an expansive sales and business
development footprint across their territory serving a wide range
of industries and markets,” said Ryan Oviatt, Co-CEO and CFO of
Profire Energy, Inc.
“With complementary strengths and capabilities in both
automation and process-based expertise, we look forward to
representing Profire’s products and solutions across our core
industries. This addition enables the Spartan team to serve a
broader set of applications,” said Terry Chmelyk, Vice President at
Spartan Controls.
Additionally, Profire recently entered into a strategic
partnership agreement with ECI. ECI is an Emerson Impact Partner
focused on delivering industrial automation solutions throughout
Pennsylvania, West Virginia, Ohio, and western Maryland. The ECI
relationship will further strengthen Profire’s footprint and
presence in the North East with our existing customer base.
“These additional channels have the potential to open new
industrial combustion and automation markets through a pair of
industry leaders with best-in-class reputations,” said Cameron
Tidball, Co-CEO of Profire Energy, Inc. “These agreements in
combination with other strategic partnerships demonstrate steady
and methodical progress on two of the key pillars of Profire’s
growth strategy – broadening our reach within oil and gas and
expanding our technology into other applicable industries.”
About Spartan Controls Ltd.
Spartan Controls is the leading provider of industrial
automation, valves, measurement, process control solutions and
services in Western Canada. For over 55 years, we have provided
customers with high performance solutions, industry expertise,
lifecycle support, and technical training – delivering value our
customers want.
Our automation solutions are used in all process industries
including oil and gas, oil sands, pulp and paper, mining, power,
pipeline, and municipal. We are dedicated to providing exceptional
customer experiences where expertise and collaboration come
together. Learn more: www.spartancontrols.com
About ECIECI is a leading single source
provider of automation solutions in the North East. For over 60
years, ECI has delivered industry expertise to multiple industries
including chemical, pulp and paper, power generation, oil and gas,
and metals.
About Profire Energy, Inc.Profire Energy is a
technology company providing solutions that enhance the efficiency,
safety, and reliability of industrial combustion appliances while
mitigating potential environmental impacts related to the operation
of these devices. It is primarily focused in the upstream,
midstream, and downstream transmission segments of the oil and gas
industry; however, the Company has commenced identifying
applications in other industries where their solutions can likely
add value. Profire specializes in the engineering and design of
burner and combustion management systems and solutions used on a
variety of natural and forced draft applications. Its products and
services are sold primarily throughout North America. It has an
experienced team of sales and service professionals that are
strategically positioned across the United States and Canada.
Profire has offices in Lindon, Utah; Victoria, Texas; Homer,
Pennsylvania; Greeley, Colorado; Millersburg, Ohio; and Acheson,
Alberta, Canada. For additional information, visit
www.profireenergy.com.
Cautionary Note Regarding Forward-Looking
Statements. Statements made in this release that are not
historical are forward-looking statements. This release contains
forward-looking statements, including, but not limited to
statements regarding entry into different industries and the
performance of certain distribution agreements. Forward-looking
statements are not guarantees of future results or performance and
involve risks, assumptions and uncertainties that could cause
actual events or results to differ materially from the events or
results described in, or anticipated by, the forward-looking
statements. Factors that could materially affect such
forward-looking statements include certain economic, business,
public market and regulatory risks and factors identified in the
company's periodic reports filed with the Securities and Exchange
Commission. All forward-looking statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. All forward-looking statements are made only as of the
date of this release and the Company assumes no obligation to
update forward-looking statements to reflect subsequent events or
circumstances, except as required by law. Readers should not place
undue reliance on these forward-looking statements.
Contact:Profire Energy,
Inc.Ryan Oviatt, Co-CEO and CFO(801) 796-5127
Three Part AdvisorsSteven Hooser,
Partner214-872-2710
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