Safety, Green Initiatives Driving Burner Management System Industry and …

April 10, 2014
By

Dec 08, 2011 (ACCESSWIRE-TNW via COMTEX) —
The oil and industry receives plenty of press on a daily basis, as commodity traders thrive on its volatility and as majors such as Exxon Mobil Corp.


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help drive the Dow Jones Industrial Average. There is a component to the oil and gas industry that, while less publicized, plays a critical role in the safety and efficiency of oil and gas production that is garnering more industry attention. From an investors’ standpoint, this subsector carries a larger upside than the majority of “typical” plays in the oil and gas space.

There are more than one million oil and gas wells in the United States and Canada combined. Each of those wells necessitates a burner to heat a vessel through which oil and gas travel. The vast majority of those fuel trains still use open, gas fired flames that bring with them a myriad of problems. For starters, there is no regulation capacity to an open flame, so the flame burns continuously, whether it is needed or not, releasing dangerous (and environmentally-unfriendly) emissions and wasting the source fuel. Moreover, if the flame is extinguished for any reason, the source fuel continues to flow until it is manually noted that the flame went out. Hand-held torches are then used to re-light the flame, which is obviously a very dangerous proposition that has resulted in many injuries.

The solution is Burner Management Systems (BMS). Established in 2002, Profire Inc.


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is a leader in BMS that is filling the many voids in the safety and efficiency of upstream pipeline flow of oil and gas, while helping the industry reduce its carbon footprint. Several models have been developed over the last decade, with Profire’s latest model, the 2100 BMS, steadily grabbing more and more share. With its electronic ignition and series of sensors, the flame is only lit when the pipeline requires, saving countless amounts of fuel and greatly reducing emissions. Any problems with ignition or the unit are remotely relayed, saving manpower and money. Moreover, torches are no longer required, eliminating the risk or injury to employees. Combining cutting-edge technologies has helped dramatically increase revenue and net income for Profire. The company’s most recent SEC filings show that revenue surged to $4.5 million and net income jumped to $1.65 million in the latest quarter; up from $2,137,022 and $894,093, respectively, from the same period in 2010. At its current pace, Profire will top $10 million in revenue for the year. Savvy investors will also notice that Profire is debt-free, a claim that most OTC companies cannot stake. A stronger enforcement of both safety and environmental regulations is sweeping across the oil and gas industry. Coupled with realizations of savings by implementing BMS, the industry is being driven quickly forward, but is only realizing a fraction of its potential at this point. Conservative estimates place the value at roughly $4 billion presently in North America alone. Oversea potential takes the value substantially higher. Most industries are flooded with competition, but such is not the case with BMS as the ratio of suppliers to demand leaves plenty of “pie for everyone”. With its recently increased sales team and growing awareness, Profire could potentially capture three to four percent of the , which would push revenue in excess of $100 million annually and significantly bolster its 78 cent price tag and tiny $35 million current cap. In addition to expanding its industry footprint, Profire Energy is also more aggressively marketing its brand through its social media presence. Investors are encouraged to “Follow” the company on Twitter (
http://twitter.com/

#!/ProfireNews) and “Like” Profire on Facebook (
http://www.facebook.com/pages/Profire-Energy/181282608629883

) to keep up with industry news and corporate developments.

Disclaimer: UpGraded Strategies is in the business of providing journalism and social/digital media services as well as corporate information to create market and public awareness for publicly traded companies and do so through our website, social networks and affiliates. In this case with ProFire Energy Inc., UpGraded Strategies Inc. was provided with third party compensation through Viper Enterprises LLC. Viper Enterprises compensated UpGraded Strategies $3,500 on November 28, 2011 for social and digital media strategy services for work done with ProFire Energy Inc. In some cases, the information is provided to us and we do all that we can to ensure the accuracy of the information, but cannot guarantee all information to be accurate. Information in our emails, press releases, message board postings and on our Web site may contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934 and must be realized as such.

Copyright 2011 ACCESSWIRE-TNW

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Originally posted 2011-12-08 21:04:34.

Article source: http://www.marketwatch.com/story/safety-green-initiatives-driving-burner-management-system-industry-and-profire-energy-2011-12-08

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