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AUSTIN, TX --(Marketwired - February 17, 2016) - JP3 Measurement, LLC, and Insight Analytical, Inc., of Calgary, Alberta, have completed an agreement that establishes Insight Analytical as a reseller of JP3 products and services. Under the terms of the agreement, Insight Analytical has the right to market, distribute, sell and support JP3 products on an exclusive basis throughout the entire geography of Canada within the Oil and Gas markets.
"This agreement provides JP3 with greater market coverage and access to the broad oil and gas markets across Canada. Insight Analytical's excellent reputation and recognition as a quality supplier of advanced analytical systems and solutions is an excellent fit within our growth strategy in both the shorter and long-term outlook of our company," stated Matt Thomas, JP3 President and CEO.
Phil Harris, Vice President of Insight Analytical, added, "We are pleased to have signed a long-term exclusive agreement with JP3 and are proud to offer their cutting edge technology to our customers across Canada. Insight Analytical's objective is to provide advanced process analytical solutions to optimize production, increase profitability and reduce maintenance costs to Canadian midstream and downstream oil and gas producers. We believe the Verax analyzer system is the perfect tool for providing real-time process optimization and control utilizing sophisticated measurement technology in a compact, low maintenance design."
Utilizing Near Infra-Red (NIR) spectroscopy and advanced chemometric modeling, JP3 provides unprecedented measurement capabilities for oil and gas applications including: custody transfer; composition analysis for crude oil, condensate, NGL and gas streams; vapor pressure analysis; specific gravity; relative density; BTU; and many other physical and chemical properties. The inherent design of Verax products provides inline measurement speeds well beyond competitive technologies along with much higher reliability and lower maintenance costs.
Verax™ is a trademark of JP3 Measurement, LLC.
About JP3 Measurement
Headquartered in Austin, Texas, JP3 Measurement was founded in 2005 and provides the industry's only field deployable, real time, in-line optical analyzer for both liquid and natural gas measurement. Performing thousands of analyses every hour in field locations across North America, JP3 is focused on improving the quality of hydrocarbon measurement and process control for the Oil & Gas industry.
For more information, please visit www.jp3measurement.com.