Flotek Industries, Inc. Launches AIDA, An Advanced Machine Learning Application To Reduce Transmix Costs

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Posted: October 15, 2021 at 2:30 p.m. MDT|Update: 1 hour ago

AUSTIN, Texas, October 15, 2021 / PRNewswire / – JP3 Measurement, LLC (“JP3”), a wholly owned subsidiary of Flotek Industries, Inc. (NYSE: FTK) today announced the launch of AIDA, a revolutionary new patent application for its verax rangeMT near infrared real-time analyzers. Short for Automated Interface Detection Algorithm, the AIDA application provides real-time detection of interfaces in a pipeline of liquids. Quickly deployable on VeraxMT analyzers without the need for additional sampling or chemometric modeling, the AIDA app can identify products such as refined fuels, crude and NGLs thanks to its advanced machine learning algorithms that detect interfaces in 60 seconds. This allows operators to cut batches quickly and accurately, reduce the mixing of two separate products (called “transmixes”), and minimize out-of-specification products that require downgrading.

Flotek Industries, Inc. (PRNewsfoto / Flotek Industries, Inc.)

“The AIDA app is a game-changer in transporting multiple commodities in a common pipeline,” said TengBeng Koid, president of JP3. “The rapid identification of batch interfaces allows operators to significantly reduce product downgrades and transmix and therefore increase their profit margins. It can also reduce their carbon footprint, as a reduction in the transmix means less energy is needed to transport and reprocess the transmix, thus improving their ESG dashboard. “

The AIDA application is compatible with all JP3 VeraxMT analyzers. VeraxMT Analyzers can measure hydrocarbon composition, vapor pressure, boiling point, flash point, API density, and other physical properties within seconds. VeraxMT analyzers have no moving parts, no consumables, and no sample conditioning system, which extends system life and lowers maintenance costs.

To learn more about the technical aspects of AIDA, please visit https://www.jp3.com/products/aida-application or contact [email protected].

About JP3 Measurement, LLC

Based at Austin, Texas, JP3 Measurement, LLC was founded in 2005 and provides the only field-deployable real-time online optical analyzer for the measurement of liquid and natural gas. With hundreds of measuring points in the field, JP3 is focused on improving the quality of hydrocarbon measurement and process control for the oil and gas industry. JP3 has been a wholly owned subsidiary of Flotek since May 2020. For more information, please visit www.JP3.com.

About Flotek Industries, Inc.

Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. A technology-driven, green chemistry and data company, Flotek helps customers in industrial, commercial and consumer markets improve their environmental, social and governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes, ships and markets high quality cleaning, disinfection and sanitizing products for commercial, government and personal use. Additionally, Flotek enables the energy industry to maximize the value of their hydrocarbon streams and improve return on investment through its green chemistry technologies and JP3’s real-time data platforms. Flotek serves downstream, intermediate and upstream, national and international customers. Flotek is a listed company headquartered in Houston, texas, and its common shares trade on the New York Stock Exchange under the ticker symbol “FTK”. For more information, please visit www.flotekind.com.

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SOURCE Flotek Industries, Inc.

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