Hemiwedge Industries announced that its Hemiwedge Valve Corporation ("HVC") subsidiary has received a new purchase order for approximately $1.1 million dollars from a major mid-stream energy pipeline, storage and oil & gas production company in North America.
The Company stated that the order's valve sizes are all within its current product line range, including many in its three inch ANSI 900 Class product. The Hemiwedge® Cartridge Valve with Double Block & Bleed (or "DB&B") option will be utilized for CO2 and water injection applications. The order includes valve sizes ranging from two inch to three inch ANSI 600 and 900 class product, many of which will be delivered from stock.
Mr. Ken Chickering, the Company's Chairman and CEO said, "After a significant testing and evaluation phase by our customer in CO2 and water flooding service, HVC has received this large purchase order for our product to be delivered starting this month through the first quarter of 2010. The Hemiwedge® Cartridge valve has a DB&B feature, providing a verifiable shut-off when the customer switches back and forth from CO2 to water injection, which in turn, saves the customer several hours of downtime from not having to slip line blinds in to otherwise confirm no leakage across the valve.
The customer also likes the patented Cartridge feature allowing rapid maintenance as all the internals are affixed to the bonnet and provides a 'straight pull' to remove all the internal parts at once and replace them with a new Cartridge while the body of the valve remains in line saving time and money." Mr. Chickering continued, "For years, the oil and gas industry has used CO2 flooding and related techniques to recover additional oil and gas from older fields. We are pleased that such a dominate player in that market has selected our Hemiwedge® Cartridge valve product line. HVC anticipates several more orders in this application based on our proprietary Cartridge and DB&B features."
The Company's current product line is two inch size through twenty inch (with larger custom sizes available) and pressure classes from ANSI 150 through 900 class and API 6D monogramed applications. Multiple internal trim packages are available including metal-seated valves for high temperature or severe service applications. The Hemiwedge® Cartridge Valve's value to mid-stream companies includes its DB&B
The proprietary Hemiwedge® Cartridge valve product line is a patented innovative design that targets the process, oil and gas production, pipeline, power, refining and mining markets worldwide. Our customers have indicated they like the patented Cartridge technology which encases all the internals of the valve within the Cartridge and allows rapid in-line replacements, significantly reducing down-time and supply
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