Cameron to Become Distributor of Profire Energy's Combustion Technologies
HOUSTON and LINDON, Utah, Nov. 1, 2012 (GLOBE NEWSWIRE) -- Cameron (NYSE: CAM) and Profire Energy, Inc. (OTCBB:PFIE) today announced that Cameron will become a non-exclusive authorized distributor of Profire Energy's combustion technologies, which include burner management systems (BMS) and flare ignition systems (FIS). Cameron, a Fortune 500 company that provides flow equipment products, systems and services to worldwide oil, gas and process industries, chose to add Profire Energy's technologies to its portfolio of systems after extensive industry review concluded these technologies could improve safety and efficiency for its customers.
"Our goal is to provide the most innovative technologies to help our customers meet the myriad challenges associated with producing, transporting and processing oil and gas," said Kenneth Kmiec, general manager of branch operations, Cameron Process Systems. "This longstanding commitment led us to Profire Energy. The company's products reduce costs, improve efficiency and potentially save lives by providing advanced management of combustion systems, which reduces manual interaction in the combustion burner relighting and adjustment process."
Profire Energy's combustion technologies include:
- The PF2100 BMS, a full-capacity burner management system that uses spark and flame-detection technologies to automatically ignite and re-ignite the burner flame. It also provides the ability to manage temperature setpoints and safety shut-downs.
- The new PF1300 FIS, a flare ignition system for combustors and open-flare applications. While this entry-level system does not manage valves for shutdowns or temperature control, the PF1300 FIS uses the same spark and flame-detection technology as the PF2100 BMS to detect and relay the status of the pilot flame and automatically reignite the pilot.
- A patent-pending airplate, which allows the user to adjust air flow through the fire tube.
"With an increased focus on the safe operation of natural draft-fired heaters on oil and gas wells over the past decade, there's been a growing demand for combustion management products," said Brenton Hatch, chief executive officer, Profire Energy. "Cameron's decision to distribute our products speaks to this growing demand and to the quality of our products."
With $5 billion in annual sales, Cameron is a leading provider of process equipment products, systems and services to worldwide oil, gas, and chemicals industries. Leveraging its global manufacturing, engineering and sales and service network, Cameron works with drilling contractors, oil & gas producers, pipeline operators, refiners and other process owners to control, direct, adjust, process, measure and compress pressures and flows. More information can be found at www.c-a-m.com.
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About Profire Energy
Profire Energy assists energy production companies in the safe and efficient transportation, refinement and production of oil and natural gas. As energy companies seek greater safety for their employees, compliance with more stringent EPA standards and enhanced margins with their energy production processes, Profire Energy's burner management systems are increasingly becoming part of their solution. Profire has offices in Lindon, Utah; Houston, Texas; and Edmonton, Alberta, Canada. To learn more about the company's products and services, please visit www.ProfireEnergy.com.
The Profire Energy, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13229
Cautionary Note Regarding Forward-Looking Statements: This release contains "forward-looking" statements regarding the capabilities, benefits and acceptance of Profire Energy's products. While Cameron is an authorized, non-exclusive distributor of Profire Energy products, Cameron is under no obligation to sell any Profire Energy products and there is no guarantee Cameron will sell Profire Energy's products in significant quantities or at all. All forward-looking statements are subject to uncertainty and changes in circumstances. 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 companies' periodic reports filed with the Securities 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 neither Cameron nor Profire Energy assume any obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.