DynaEnergetics Surpasses One Million DynaStage™ System Sales
August 13 2019 - 7:00AM
DynaEnergetics, a business of DMC Global Inc. (Nasdaq: BOOM), today
said it has sold more than one-million DynaStage™ (DS)
Factory-Assembled, Performance-Assured™ well perforating systems
from its new Blum, Texas, and Mt. Braddock, Pennsylvania,
manufacturing facilities. DS systems have been adopted as a
critical well-completion tool by service companies and operators
working in every major unconventional oil and gas basin in North
America.
“We developed the DS product family with the intent of
positively transforming the safety, efficiency and reliability of
the well completion process,” said DynaEnergetics’ president Ian
Grieves. “Eclipsing one-million DS system sales is a clear
indication we are succeeding in our objective.”
Grieves added, “There has not been a single safety incident
associated with the use of the DS system. In addition, the
enhanced operating efficiencies and reliability enabled by the DS
product family are accelerating perforating cycle times and driving
down well completion costs. Service companies exclusively
utilizing DS systems are achieving perforating success rates in
excess of 99.99 percent, which has led to greater efficiency of
related well completion activities such as pressure
pumping.”
The enabling technology within the DS product family is its
intrinsically safe initiating system (IS2™). The patented,
solid-state initiator is free of internal wiring and is triggered
by a digital signal from surface. Unlike competitors’
resistorized detonators, which the IS2 system is replacing,
DynaEnergetics’ initiators are immune to stray voltage, stray
current and radio frequency. These safety features enable
parallel operations at the well site, and allow customers to forego
powering down generators, cell-phones and related equipment during
perforating. In addition, IS2 systems enable electrical
testing of the entire perforating gun string, including all
detonators and igniters.
DS systems are shipped directly to the customer’s well-site or
staging facility, and do not require field wiring or component
assembly (See accompanying image for comparison to traditional
perforating guns.). To build a gun string, the customer
simply inserts the wireless IS2 detonator and attaches the adjacent
DS system – a process that takes seconds. The simplicity of
the DS system enables service companies to streamline their field
crews and staging facilities. DS systems also are completely
disposable, eliminating the need to reclaim connecting subs and
components.
DynaEnergetics recently added three models to the DS product
family: DS Trinity™ 4.0, DS Trinity 3.5 and DS NLine™. The
Trinity systems address growing industry demand for compact, or
“length-optimized” perforating guns. At 7-inches, DS Trinity
3.5 is the shortest perforating system in the market. DS
NLine enables alignment at surface of all shaped charges in a gun
string, as well as the orientation of the gun string
downhole. NLine gives completion engineers greater design
flexibility as they work to improve their well stimulation
programs.
“Our IS2 systems, combined with our performance shaped charges
and Factory-assembled, Performance-assured packaging options,
enable customers to select from more than two thousand DS
configurations to address their perforating objectives,” Grieves
added.
In response to industry demand, DynaEnergetics recently
completed a $70 million expansion of its manufacturing and assembly
capacity in the United States and Germany. The investments
have positioned DynaEnergetics as the industry’s largest and most
reliable manufacturer of perforating systems.
“Our IS2 initiating systems and DS perforating systems have
transformed the performance of the well completion industry, and
are enabling a much more competitive and value-added business model
for our service-company customers,” Grieves said. “Through ongoing
product innovations and collaboration with our customers,
DynaEnergetics will continue to lead our industry.”
About DynaEnergeticsDynaEnergetics’ innovative
perforating systems make a measurable impact on well productivity,
completion cost and safety. As the only global perforating
manufacturer that designs, manufactures and qualifies all of its
equipment and accessories in-house, DynaEnergetics ensures
unmatched performance and the lowest total cost of operations. For
more information, visit www.dynaenergetics.com.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/534f9c66-7e9a-4d59-a268-95187c87c3e6
Safe Harbor LanguageExcept for the historical
information contained herein, this news release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, including
DynaEnergetics’ ability to continue leading its industry. Such
statements and information are based on numerous assumptions
regarding present and future business strategies, the markets in
which we operate, anticipated costs and ability to achieve goals.
Forward-looking information and statements are subject to known and
unknown risks, uncertainties and other important factors that may
cause actual results and performance to be materially different
from those expressed or implied by such forward-looking information
and statements, including but not limited to: our ability to obtain
new contracts at attractive prices; the execution of purchase
commitments by our customers, and our ability to successfully
deliver on those purchase commitments; the size and timing of
customer orders and shipments; changes to customer orders; product
pricing and margins, fluctuations in customer demand; our ability
to successfully execute and capitalize upon growth opportunities;
the success of DynaEnergetics’ product and technology development
initiatives; fluctuations in foreign currencies; fluctuations in
tariffs and quotas; the cyclicality of our business; competitive
factors; the timely completion of contracts; the timing and size of
expenditures; the timing and price of metal and other raw material;
the adequacy of local labor supplies at our facilities; current or
future limits on manufacturing capacity at our various operations;
the availability and cost of funds; and general economic
conditions, both domestic and foreign, impacting our business and
the business of the end-market users we serve; as well as the other
risks detailed from time to time in our SEC reports, including the
annual report on Form 10-K for the year ended December 31,
2018. We do not undertake any obligation to release public
revisions to any forward-looking statement, including, without
limitation, to reflect events or circumstances after the date of
this news release, or to reflect the occurrence of unanticipated
events, except as may be required under applicable securities
laws.
Contact:
Edwin Reek, Vice President of Product Management
and
MarketingDynaEnergetics713.766.7630edwin.reek@dynaenergetics.com
Investor Contact:Geoff High Vice President of
Investor Relations DMC Global Inc. 303.514.0656
ghigh@dmcglobal.com
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