BlueFire in Advanced Stages of Integrating 3D Technology
December 11 2013 - 7:30AM
Business Wire
Company achieving milestones ahead of schedule
BlueFire Equipment Corporation (OTCQB: BLFR) announced today its
3D printing initiative is progressing ahead of schedule for the
production of its proprietary polycrystalline diamond cutter (PDC)
drill bits. Now that a highly complex digital design has been
produced, BlueFire is targeting various 3D manufacturers. By using
this leading edge technology, the company expects to achieve
substantial cost savings in addition to expanding engineering
capabilities.
As previously announced, BlueFire has developed a digitized
model of its proprietary PDC drill bit prepared by a Texas-based 3D
scanning company. Using SolidWorks, the 3D computer aided design
(CAD) software, the BlueFire research and development team is
currently working to configure its model for the 3D manufacturing
process.
Chairman and CEO of BlueFire Equipment Corporation William A.
Blackwell said, “We are pleased this project is progressing faster
than anticipated. Initial talks with 3D manufacturers have been
productive and we see great value as we move forward.”
About 3D or Additive Manufacturing
Much of today’s manufacturing processes are based on
“subtractive manufacturing,” which relies on the removal of
material to create something. Additive manufacturing, or 3D
printing, is a process by which three-dimensional objects in a
diversity of shapes are manufactured by adding material using
digital models. Metallic, plastic, ceramic or composite materials
can be employed using this process, which involves building the
required object by adding successive layers of material to achieve
the desired shape.
3D printing uses a variety of different types of technologies.
Stereolithography (SLA) focuses a beam of ultraviolet light onto a
vat of liquid photocurable resin, drawing out the 3D model one
layer at a time. Fused Deposition Modeling (FDM) produces an object
by extruding a stream of melted material to form stacked layers.
Selective Laser Sintering (SLS) uses a laser to fuse powdered
materials layer by layer to form the object.
About BlueFire’s PDC Drill Bits
BlueFire bits employ large cutter face volumes for rapid
drilling of shales, sandstones, limestones and sticky clays. These
bits utilize premium PDC cutters for improved ROP and are designed
using directed ports to accelerate cleaning and optimize cooling.
Company findings indicate a decrease of more than 30 percent in
temperature on the cutting surfaces, drastically reducing cutter
wear and extending the life of the bit.
Conventional bits use nozzles that eject drilling fluid into the
well bottom resulting in a general application and uneven
distribution at the point of contact. BlueFire’s bit design employs
strategically aligned nozzles to concentrate high-pressure jet
streams directly on the cutting edge, lubricating the interface
between the cutters and the rock formation being drilled.
Furthermore, improved cleaning and scouring action facilitates
removal of cuttings. The result is a bit that runs cleaner and
cooler.
Details about BlueFire Equipment Corporation and information
about obtaining quotes are available at
www.bluefireequipment.com.
About BlueFire Equipment Corporation (OTCQB: BLFR)
BlueFire Equipment Corporation designs and manufactures
proprietary drilling technologies for use in the exploration and
production of oil and gas in the United States. It sells and leases
various sizes of polycrystalline diamond cutter (PDC) drill bits to
drilling contractors and oil and gas companies. BlueFire Equipment
Corporation was founded in 2008 and is headquartered in Houston,
Texas, where other major exploration and production companies have
a presence, including ExxonMobil, BP and ConocoPhillips.
Safe Harbor Statement under the Private Securities
Litigation Reform Act of 1995: This news release contains
forward-looking information within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange act of 1934, as amended, including statements
that include the words "believes," "expects," "anticipates," or
similar expressions. Such forward-looking statements involve known
and unknown risks, uncertainties and other factors that may cause
the actual results, performance or achievements of the company to
differ materially from those expressed or implied by such forward
looking statements. In addition, description of anyone's past
success, either financial or strategic, is no guarantee of future
success. This news release only speaks as of the date of its
distribution.
BlueFire Equipment CorporationWilliam Blackwell,
866-713-3700
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