Profire Energy, Inc. Releases Enhanced Capabilities for the PF 3100 Burner Management System
November 02 2017 - 5:15PM
Profire Energy, Inc. (NASDAQ:PFIE), a technology company (the
“Company”) which creates, installs and services burner and chemical
management solutions in the oil and gas industry, today highlighted
over six new feature enhancements for their marquee PF3100 burner
management system. These features enable Profire to capture
more of the market with larger and more complex
installations.
“We have been focusing our R&D efforts toward
developing products to address our current and potential customers’
needs for more capable systems which can accommodate the
increasingly intricate field applications of today’s oil and gas
industry. Dedication to innovation is how we’ll continue to
grow our market share and remain an industry leader,” said Brenton
Hatch, President and CEO of Profire Energy. “We
have commissioned our first Forced-Air Heater at one of the largest
energy midstream providers in the United States. We believe that
the features of our new systems are effectively satisfying the
industry demand for new and updated technology. Thus far in
FY17, we have seen our PF3100 installed by multiple new customers
who have been seeking the increased functionality our systems
provide, such as IO expansion, UV flame detection and FARC
features.”
The 2017 new advanced features that are now available
include:
- FARC (Fuel/Air Ratio Control) –The PF3100’s integrated Fuel Air
Ratio Control provides forced-air applications with precision and
tight control of the fuel-air mixture being supplied to the burner
which can dramatically improve efficiency and reduce
emissions.
- IO Expansion – Incorporates more IO into the overall solution
providing customers efficiency gains by being able to increase the
number of devices to a central position for monitoring and
control.
- Secondary PID and Advanced PID – Provides functional simplicity
to complex appliances.
- Incinerator support – The ability to support larger, more
advanced, incinerator and waste gas applications.
- UV Flame detection – Often required on units where larger, more
complex burners are utilized.
- Temperature logging – Designed to aid in improving customer
experience and efficiency in process tuning.
“Developing new and cutting-edge technology is what has enabled
Profire to grow into the industry leader it is today and we believe
ongoing R&D will to be a critical success factor for our
future. We continue to invest in new product development and
additional capabilities for our existing systems and are committed
to bringing new products to market in the coming years” said Ryan
Oviatt, CFO of Profire Energy.
About Profire Energy,
Inc. Profire Energy assists energy production
companies in the safe and efficient production and transportation
of oil and natural gas. As energy companies seek greater safety for
their employees, compliance with more stringent regulatory
standards, and enhanced margins with their energy production
processes, Profire Energy's burner management and
chemical injection systems are increasingly becoming part of their
solution. Profire Energy has offices in Lindon, Utah;
Houston, Texas; Shelocta, Pennsylvania; Greeley, Colorado; and
Spruce Grove, 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 the ability to
capture more of the market with additional features, continued
investment in product development and additional capabilities,
significant opportunities that lie ahead for the Company, the
Company’s ability to capitalize on opportunities, grow and turn a
profit in a tough business environment, and the Company’s ability
to remain an industry leader. 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: Matthew Selinger Three Part Advisors,
LLC 817-310-8776 mselinger@threepa.com
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