Revolutionizing Off-Grid Power| Spring 2015 Edition www.FlexGenPowerSystems.com| Page 1 In this Issue Message from the CEO • Message from the CEO Over the past three months our company has built on the success and momentum of our 1.2MW FlexGen® Solid State Generator fielded in Wyoming and have followed that with successful deployments to rigs in West Texas. The FlexGen® SSG performed just as expected, delivering 20%+ fuel savings, eliminating rig blackouts, and improving drilling times by reducing downtime and accelerating rig operations. • FlexGen® Solid State Generators Power the Oilfield In a low cost fuel market where every dollar matters and drillers and E&Ps struggle to meet tightening bottom lines, the industry has found that the FlexGen® SSG is a slam dunk. Even in a lower cost fuel market, the ability to save at least $2,455 a day on drilling operations has drillers and E&Ps jumping at the prospect of adding more FlexGen® SSGs to their drill pads. Moreover, our ability to provide the customer with a system that has no hardware costs, a one day rig commissioning, 24/7 global support, and is cash flow positive on day 1 is why we are increasingly confident that every land rig in the world will have a FlexGen® SSG within the next three years. To that end, customer service and product reliability are the primary focus of our company. Everyday we work to make our world-class service better and that is why we are happy to announce that we signed a service agreement with Oilfield Technical Services and a distribution agreement with TRF Energy Solutions. These agreements will add to our 24/7 global support capabilities and provide extended distribution channels in West Virginia, Pennsylvania, Ohio, and North Dakota. Finally to meet growing demand, we have opened expanded offices in both our engineering headquarters in Raleigh/Durham, NC and our corporate and production headquarters in Houston, Texas. These new facilities more than double our old engineering and production space and we look forward to inviting industry members and friends to our open house in the near future. As always if you have any questions or want to learn more about how our products can help your business, please do not hesitate to contact me. Sincerely, Joshua W. Prueher • The Press Takes Notice • Office Expansions • FlexGen® Power Systems Signs Agreements with TRF Energy Solutions and Oilfield Technical Services Revolutionizing Off-Grid Power| Spring 2015 Edition www.FlexGenPowerSystems.com| Page 2 FlexGen® Solid State Generators Power the Oilfield FlexGen® Solid State Generators continue to power the oifield, supporting operations in Wyoming, West Texas, and Colorado. As drillers and E&Ps compete in a low cost fuel market, the industry has realized that FlexGen® Solid State Generators provide significant savings while being cash flow positive on day 1. Revolutionizing Off-Grid Power| Spring 2015 Edition In The Press Amarillo Globe Praises the FlexGen® Solid State Generator www.FlexGenPowerSystems.com| Page 3 FlexGen® Power Systems Expands Production and Engineering Offices “The FlexGen Solid State Generator is a game-changer for the oil and gas industry. The FlexGen SSG pairs with any diesel, dual fuel, or natural gas generator in effect hybridizing that drill rig to significantly improve power performance and reliability while reducing fuel consumption, maintenance, and emissions.” NC State Magazine Features FlexGen® Power Systems “Their systems hybridize generators drastically reducing fuel consumption, maintenance, and emissions. In order to do that, we needed the best and brightest engineering minds in the world and we found that here with NC State and the FREEDM Center.” Innovation Finding Use in the Oil & Gas Industry “FlexGen Power Systems, has developed a solid state generator that is proving to be a solution for power needs in a host of applications, including the oil fields of the United States. A chief benefit of a FlexGen system is its ability to handle transients, that is, power surges. For example, the base load of a particular application may require 250 horsepower, but the application also may need the capacity to handle a sudden demand for power up to 1,000 or 1,100 horsepower.” Don’t Miss the Case Study Published on our North American Drilling Operations showing a savings of $2,455 a day. In a move that reflects the growing demand for FlexGen® Solid State Generators, FlexGen® Power Systems is excited to announce we have expanded our offices in Houston, Texas and Raleigh/Durham, North Carolina. The new lab space in Raleigh/Durham will more than double our current engineering space and the new corporate/production headquarters in Houston will significantly increase our abilities to produce great products. Statement of FlexGen® Power Systems CEO, Josh Prueher: “We are thrilled to announce the expansion of our two main offices. Both office expansions will allow our team to provide the great service that our customers expect and deliver more FlexGen® SSGs quicker than ever before. The success of the FlexGen® Solid State Generator on rigs across the country has shown how the FlexGen® Solid State Generator is revolutionizing power in the oilfield and why over the next five years, every drill rig in the world will have a FlexGen® SSG on board.” Revolutionizing Off-Grid Power| Spring 2015 Edition FlexGen® Power Systems Signs Major Service Agreement with Oilfield Technical Services FlexGen® Power Systems announced they have signed a major service agreement with Oilfield Technical Services, LLC. Oilfield Technical Services, which services drill rigs for the industry’s largest companies, will provide support and service to a growing number of FlexGen® Solid State Generators in strategic locations including Oklahoma, Ohio, Pennsylvania, Wyoming and North Dakota. The deal will expand FlexGen® Power Systems’ 24/7 support and service capabilities. FlexGen® Solid State Generators, currently operating with some of the largest land drillers in the world, hybridizes drill rig power systems drastically reducing fuel consumption, emissions, and maintenance, while increasing power performance and reliability. Statement of FlexGen® Power Systems CEO, Josh Prueher: “As demand for FlexGen® Solid State Generators rapidly grows, this agreement will ensure that we are providing our customers the 24/7 world-class service that they deserve. Oilfield Technical Services is the best in the business and we look forward to working with them as we continue to revolutionize the way power is delivered in the oilfield over the next decade.” Statement by Oilfield Technical Services’ Owner, Dustin Smith: “We are thrilled to partner with FlexGen® Power Systems to help service their game-changing hybrid power systems. Our company prides itself on providing best-in-class service and support for our customers, and we look forward to working with FlexGen® Power Systems as they transform the way power is delivered in the oilfield.” www.FlexGenPowerSystems.com| Page 4 TRF Energy Solutions & FlexGen® Power Systems Partner to Deliver Game-Changing Hybrid Generator TRF Energy Solutions, LLC and FlexGen® Power Systems announced they have signed a distribution agreement to sell FlexGen’s full line of Solid State Generator products. FlexGen’s Solid State Generators can pair with any diesel, dual fuel or natural gas gensets to significantly improve power performance and reliability while also reducing fuel consumption, maintenance, and emissions. The distribution agreement will significantly extend FlexGen® Power Systems’ distribution network in West Virginia, Pennsylvania, Ohio, and North Dakota. “Our oil & gas customers demand innovative, reliable technology, plus world-class distribution and product support,” said Alan Grosse, Oil & Gas Director for FlexGen® Power Systems. “TRF Energy is an industry leader in high horsepower fueling solutions and we look forward to working with them to deliver our transformative FlexGen® Solid State Generators.” “TRF is excited to partner with FlexGen® Power Systems,” said Dan Owen, TRF Energy Solutions’ President of Services. “Our agreement will provide best-in-class generator power performance, service, and reliability, while at the same time reducing costs to our customers. We firmly believe these products are a game-changer for the oil & gas industry and we look forward to continuing our partnership with FlexGen® Power Systems for many years to come.”
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