EUCLID, Ohio--(BUSINESS WIRE)--To our valued Employees, Partners, Shareholders and Customers,
As we complete the first half of 2018, we would like to thank all our customers, employees, stakeholders for their continued effort and support for Terves and Powdermet’s products and technologies. We won the trust of several new customers for our dissolvable materials, secured partners for our proppant and chemical products, launched 2 new products (dissolvable elastomer, Elementum™ and dissolvable carrier, SmartCore™), have at least 5 new products that will be launched later this year, scaled-up our dissolvable metal production capacity by 50%, and established our machining facility to provide a one-stop solution for our customers. Terves also filed for 11 new provisional and patent applications in 2018 and expects to file 4 more patents this year around new dissolvable alloys and composites, acoustic imaging, expandable materials, nanofilm for water evaporation prevention, surfactants, and other materials and solutions the enhance the value proposition of dissolvable materials.
Powdermet, structured as a technology incubator, continues to work on several new products and technologies, including, but not limited to high-energy density capacitors, high frequency magnetic materials, fundamentally different energy storage and delivery materials, high-hardness and high-toughness nanocomposite cermets, and other nanoengineered materials. Powdermet has recently incorporated two new entities to commercialize two family of technologies 1) HybriMat that is commercializing nanostructured cermet’s as coatings and sintered net shaped components 2) Cratus Energy that is commercializing a variety of materials for energy storage and delivery, including the highest-energy-density film capacitors.
We will continue to create substantial material value with our products and technologies and look forward to work with our current and future customers to solve some of their most critical material challenges.
Regards,
Andrew Sherman
CEO – Powdermet and Terves
Read the online version: http://www.tervesinc.com/2018/08/02/tervespowdermet-semi-annual-newsletter-2018/
NEW PRODUCTS LAUNCHED IN 2018
Elementum – Dissolvable Elastomer
Elementum is a family of
patent-pending high-performance, moldable and machinable elastomer that
is designed to fragment and dissolve to tiny particles after exposure to
downhole brine and fluids. Unlike competing dissolvable elastomers,
polymers, and rubbers that primarily degrade (lose hardness) without
losing weight, forming a slime or jelly that could plug when mixed with
sand; Elementum loses (dissolves) about ~80% of its weight over a period
of days in standard well conditions and disintegrates leaving ~20% of
very fine filler particles.
Learn
More …
SmartCore
SmartCore patent-pending products utilize a
dissolvable carrier, such as a frac ball, frac plug and/or other
fracking tools, to deliver well control chemicals, including dissolution
accelerators, gel breakers, and wellbore cleanup chemicals at a precise
location and controlled release timing.
Lear
More …
NEW PRODUCTS SCHEDULED FOR LAUNCH IN 2018
TervAlloy™-X
TervAlloy-X (X-eXtreme) is our highest-strength
dissolvable alloy which is designed to have over 50ksi yield strength
and over 70ksi ultimate strength. This material will be used to make
high strength dissolvable balls and opens up several new tool
applications for dissolvables such as dissolvable seats and other
completion tools.
Elementum-HT™
Terves’ higher temperature dissolvable
elastomer that complements our existing low temperature dissolvable
elastomer, enabling Terves to have a dissolvable elastomer product for
any well condition.
Teravert™ Dissolvable Diverter Balls
Dissolvable diverter
balls based on our Elementum dissolvable elastomers. Elementum
dissolvable diverter balls block perforations in plug-and-perf
completions for zonal isolation and then dissolve and go away after
their job is done.
Nano-Additives
Nano-additives for several downhole chemicals
and fluids.
SandShield™
Strengthening local sand with a proprietary
coating to make it stronger.
PATENTS
Terves filed for 11 new provisional and patent applications in 2018 and expects to file 4 more patents this year around new dissolvable alloys and composites, acoustic imaging, expandable materials, cementing/sealing solutions, nanofilm for water evaporation prevention, surfactants, and other materials and solutions the enhance the value proposition of dissolvable materials. These 11 patents in addition to the existing 34 filed or provisional patents allows Terves to continue its Intellectual Property Leadership in the Engineered Response materials space.
Additionally, all claims related to Terves’ two core patents for the lowest-cost cast and wrought dissolvable magnesium manufacturing have now been granted. These patents grant Terves the sole right to develop, manufacture and sell cast, molded, forged, and extruded dissolvable magnesium materials containing galvanically active insoluble phases.
Patents Filed in 2018:
| 1) | Degradable metal matrix composite | |
| 2) | Syntactic metal matrix materials and methods | |
| 3) | Non-linear surfactant | |
| 4) | Method of assuring dissolution of degradable tools | |
| 5) | Degradable high strength compositions and method of manufacture | |
| 6) | Galvanically-active in situ formed particles for controlled rate dissolving tools | |
| 7) | Evaporation-resistant coating | |
| 8) | Method of improving wellbore integrity and loss control | |
| 9) | Fluid activated disintegrating metal system | |
| 10) | Acoustic imaging agent | |
| 11) | Galvanically-active in situ formed particles for controlled rate dissolving tools |
FUNDED DEVELOPMENT PROJECTS
Terves
Project Title: Lightweight Magnesium Components for a Missile Body
Funding
Agency: Missile Defense Agency / Department of Defense
Brief
Description: Develop a processing route to produce lightweight, high
strength magnesium in thin sheet or plate for use as a missile body
Project Title: Improved Method for High Strength Magnesium Alloys in the
as-cast Condition
Funding Agency: Army/Department of Defense
Brief
Description: Development of high strength magnesium alloys through alloy
and process control
Powdermet
Project Title: Nontoxic Hydrophobic Coating for Red Phosphorus and Metal
Flakes
Funding Agency: Army/DOD
Brief Description: Coating
smoke screening materials such as red phosphorous with protective
material that prevent oxidation and degradation.
Project Title: Nanostructured Soft Magnets
Funding Agency:
Department of Energy
Brief Description: Development and
characterization of nanostructured soft magnetic materials
Project Title: High Temperature, High Energy Density and high Efficiency
Capacitors for Aerospace Exploration
Funding Agency: NASA
Brief
Description: Develop and characterize high performance film capacitors
with high temperature capability and high energy storage efficiency in
high electric fields
RECENT PRESS RELEASES
Terves Breaks Ground on its Expanded Magnesium Foundry for
Manufacturing Dissolvable Metals
July 29, 2018
Terves
broke ground on a 12,000 sq. ft. expansion to its Magnesium Foundry.
This H3-classified magnesium metal processing facility expansion enables
Terves to further expand its metal processing, heat treatment,
machining, and storage capabilities.
Read
More …
Terves Expands Magnesium Machining Capacity for Machine-To-Print
Dissolvable Tools
July 9, 2018
Terves has added 5 CNC
lathes and mills to keep up with demand for component build-to print
services for TervAlloy™ magnesium and Elementum™ elastomeric dissolvable
materials that enables Terves to offer both rapid prototyping and
complete part-production capability.
Read
More …
Terves Advancing High-Strength, Non-Flammable Nanostructured
Magnesium Alloy Technology
June 28, 2018
Terves was
selected by the U.S. Army and Missile Defense Agency to continue
development of novel high-strength, non-flammable, nanostructured
magnesium alloys for light-weighting applications. Terves received the
Department of Defense (“DoD”) SBIR (Small Business Innovative Research)
support to enhance its patent-pending cast and wrought Magnesium alloys
derived from its high-temperature, high-strength magnesium alloys
currently used in oil and gas applications. These new alloys, with
further development, show tremendous potential to save 30% or more in
structural weight by replacing cast and wrought 2000, 6000, and 7000
series aluminum alloys in transportation, space, and defense
applications.
Read
More …
Terves Introduces SmartCore™ Structural Chemical Delivery Product for
Oil and Gas Completion and Production
Terves launched Oil and
Gas Industry’s first intelligent frac ball and chemical pill product
line, SmartCore™. Terves’ patent-pending SmartCore products utilize a
dissolvable carrier, such as a frac ball, frac plug and/or other
fracking tools, to deliver well control chemicals, including dissolution
accelerators, gel breakers, and wellbore cleanup chemicals at a precise
location and controlled release timing. “SmartCore products were
developed to address operator concerns over sand bridging and hydroxide
restrictions that can form under some wellbore conditions, where
inadequate clearance or fluid circulation occurs while using dissolvable
tools, and to accelerate and control removal times to bring wells
on-line faster.
Read
More …
Terves Launches Oil and Gas Industry’s First Truly-Dissolvable
Elastomer for Completion Tools
Terves launched Oil and Gas
Industry’s first truly-dissolvable family of elastomers, ElementUM™.
ElementUM is a family of patent-pending high-performance, moldable and
machinable elastomer that is designed to fragment and dissolve to tiny
particles after exposure to downhole brine and fluids. Unlike competing
dissolvable elastomers, polymers, and rubbers that primarily degrade
(lose hardness) without losing weight, forming a slime or jelly that
could plug when mixed with sand; Elementum loses (dissolves) about ~80%
of its weight over a period of days in standard well conditions and
disintegrates leaving ~20% of very fine filler particles.
Read
More …
RECENT ARTICLES
Enabling Efficient Far Field Fracturing using Expandable Proppants
To
address the enhancement of far-field fracture networks, with support
from the Department of Energy’s Small Business Innovative Research
Program (SBIR) under contract DE-SC0013242, Terves has been developing a
family of highly-engineered lightweight proppants that offer the ability
to increase and maintain fracture width in far-field fractures.
Maintaining fracture width during fluid draw-down in the presence of
closure stresses has been shown to produce at least 20 – 30% more oil or
gas – which translates into an additional mUS$2 – 6 million in
production revenue from a well.
Read
More …
Rubber and Plastic News - Terves Releases New Dissolvable
Elastomers
Terves is expanding its offerings with a new
line of dissolving elastomers for completion tools in oil and gas
applications. Elementum dissolvable elastomers are rated for up to
10,000 pounds per square inch and 90°C, and the newest addition to the
line loses up to 80 percent of its weight as it dissolves, said Anupam
Ghildyal, vice president of corporate development.
Read
More …
TRADESHOWS AND CONFERENCES
Meet Us @ The SPE Advanced Technology Conference (ATCE)
Dallas,
Texas
September 24-26, 2018
Booth # 2461
<Email us at info@tervesinc.com
or call +1 216-375-6393 if you need any visitor passes>
We were also at:
The Unconventional Resources Show (URTeC)
Houston, Texas
July
23-25, 2018
The Global Petroleum Show
Calgary, Alberta
June 12-14, 2018
RDPETRO – Research and Development Petroleum Conference and Exhibition
Abu
Dhabi, UAE
May 9-10, 2018
S&P Global Platts Global Metals Awards
London, UK
May 17,
2018
Lux Executive Summit
Boston, Massachusetts
April 10-11, 2018
TMS 2018 Annual Meeting & Exhibition
Phoenix, Arizona
March
11-15, 2018
SPE Hydraulic Fracturing Technology Conference and Exhibition
The
Woodlands, Texas
January 23-35, 2018
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