HOUSTON, May 18, 2022
/PRNewswire/ -- U.S. Well Services, Inc. ("USWS" or the
"Company") (NASDAQ: USWS) and KCF Technologies, a leading provider
of machine health optimization platform, today announced an
industry first integration between electric frac pump control
systems for fully automated pump controls.
KCF's fault detection automation engine, MachineIQ, allows U.S.
Well Services to run their fleets intelligently and safely.
With state-of-the-art KCF vibration sensors, MachineIQ provides
actionable suggestions to operators based on live health data
locally at the job site. Thus, operators are constantly aware
of the health of every individual pump without entering the
redzone.
With U.S. Well Services' next generation Clean Fleet®, Nyx,
MachineIQ will be transmitting the operational suggestions directly
into U.S. Well Services' Health Automation Server. Taking
into account numerous systems and the associated data every second,
U.S. Well Services Health Automation Server will talk to the
Control System, provided by Approach Controls, which will
autonomously balance the pumping load between the multiple pumps on
site.
"U.S. Well Services continues to be on the leading edge of
digitalization and automation in our industry, innovating
next-generation pressure pumping technologies. Our use of
advanced IoT and control systems paired with MachineIQ enables our
electric fleets to deliver the highest levels of efficiency, safety
and economic value." – Mr. Kyle
O'Neill, President and CEO of U.S. Well Services
Integration Benefits of Automated Pump Controls:
- Avoiding catastrophic failures, excessive maintenance, and lost
production time, U.S. Well Services has realized significant
savings since starting their partnership with KCF Technologies in
2014, achieving best-in-class results driven by crew engagement and
execution.
- Continuous monitoring of equipment eliminates the safety threat
encountered when entering the red zone.
- Efficiencies are gained by increasing pumping hours per day
through reduction in equipment failure, iron failure, and
downtime.
"Automation means costly, dangerous anomalies that threaten job
safety can be addressed in milliseconds compared to the minutes,
hours, or days it might have taken in the past." – Dr. Jeremy Frank, CEO of KCF Technologies
KCF Technologies and U.S. Well Services' engineers have
collaborated since 2014 on pump health data for both diesel and
electric frac pump units and frac blenders. They performed
equipment teardowns and monitored pressure signatures that indicate
various internal pump faults or poor operating conditions. In
2021 U.S. Well Services' IoT System began streaming data directly
to KCF's MachineIQ algorithm. These learnings, coupled with
U.S. Well Services' IoT Platform and KCF's industry knowledge, have
led to AI, ML, and advanced analytics that deliver fully automate
pump controls. U.S. Well Services' clients are benefiting
from the first move advantages of pursuing health based automated
pump controls while unlocking the full potential of years' worth of
data. Initial results of the effort indicate U.S. Well
Services' Clean Fleets® are operating at a more consistent rate and
at a higher safety level than conventionally seen in the
industry. Patented Clean Fleet® technology is the first fully
electric, fully mobile well stimulation system powered by natural
gas and will now be the first electric frac pump controls to be
completely automated in the industry.
About U.S. Well Services
U.S. Well Services, Inc. is a
leading provider of pressure pumping services and a market leader
in electric fracture stimulation. The Company's patented
electric frac technology provides one of the first fully electric,
mobile well stimulation systems powered by locally-supplied natural
gas, including field gas sourced directly from the wellhead.
U.S. Well Services' electric frac technology dramatically decreases
emissions and sound pollution while generating exceptional
operational efficiencies, including significant customer fuel cost
savings versus conventional diesel fleets. For more
information visit: www.uswellservices.com.
About KCF Technologies:
KCF is on a mission to permanently solve the complex asset problems
that have plagued industry. Our team develops technology and
services that empower industrial businesses to eliminate unplanned
downtime, optimize their operations, and outpace their
competition. For more information on SMARTdiagnostics 4.0,
visit www.kcftech.com.
Contacts:
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U.S. Well
Services
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Josh Shapiro, Senior
Vice President and CFO
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832)
562-3730
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IR@uswellservices.com
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Dennard Lascar Investor Relations
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Zach Vaughan
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(713)
529-6600
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USWS@dennardlascar.com
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SOURCE U.S. Well Services