NEWS & INFO
News » KC1 Downhole Tool Completes First Job Wed Jun 14 6:00:35 UTC 2006
Real Time Measurements Inc. (RTY on TSX.V) (the “Company”) is pleased to announce the successful completion of the first field operation using its new downhole electronic pressure instrument known as KC1. The KC1 was used to survey a gas well in central Alberta for Husky Oil. Innovative features make this instrument faster and easier to use. Management expects to be able to begin renting and selling KC1 tools to domestic and international customers later this summer.
The KC1 is the first in a series of DataTrak innovative electronic devices that are designed and produced by the Company for use in commercial oil and gas instrumentation activities, with several unique industry leading features.
In addition to this Research and Development milestone, the Company continues to identify additional markets requiring an innovative and progressive solution to downhole measurement operations. Additional opportunities are being explored by management at this time, with a focus on international oil and gas markets in regions not currently using Company products.
The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.