Company Overview
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Transcript of Company Overview
Optimum Power Technology
Company OverviewRevolutionary products and services for natural gas compression and transportation:
Design software and services for natural gas compressors and pumping stationsDesign software and services for natural gas engine developmentPerformance Augmentation Networks - PANs (patents-pending) Are high performance piping systems for pulsation attenuation and performance improvement
Improve pumping and pipeline reliability by reducing vibrationsIncrease gas flow volume up to 30%Increase compressor efficiency up to 20%Decrease compressor operating costs up to 20%Decrease compressor station Carbon footprints up to 20%
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Offers pipeline Engineering Design Services using an exclusive 3rd party Virtual Pumping Station software license
1Team and Strategic PartnersGlen ChatfieldFounder of OPTIMUM Pumping and c0-inventor of PAN technology1970 Founded Duquesne Systems PAs 1st software IPO in 1984. Duquesne became Legent Corp and was sold to Computer Associates, 1995 for $1.78 billionFounder and Vice Chairman of the Pittsburgh Technology CouncilAlumni Fellow of the Penn State College of EngineeringNorm ShadeChairman of ACI SystemsWorld Leader in the Natural Gas Compression industry for more than 30 yearsRichard JamesEngineer and IP attorney Former VP of Operations for VoltecInnovation WorksGas Machinery Research Council
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Current : Pulsation Control Technology
3$800,000 for 8 ANTIQUATED, VIBRATING Bottles with CHOKE-TUBES Bottles DISSIPATE 95% of Pulsation EnergyAnd AMPLIFY Pulsation Caused VIBRATIONS
Orifice Plates at most flanges
Bottle InternalsNewest: Manifold PAN Technology PANs Recover 95% of pulsation energyAnd Minimize VibrationsImproving Efficiency up to 20%Increasing Gas Flow up to 30%Improving Reliability
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2014 Industry Sponsored Full-Scale Field Test5
Total Capital Required $1,650,000Funds Raise to Date $1,650,000Well knownIndustry Sponsors
Will Prove the Benefits of Manifold PANs
Hardware - Pipes, TST Junctions and supports - $460,000PAN Design Services - $150,000PAN Royalty 8,000 hp compressor @ $20/hp - $160,000
Total 1st System PAN Cost - $770,000
Conventional 8 Bottle cost - $800,000
Additional Identical PANs $620,000 -23%
6PRICE Comparison: New PAN 6-Throw Pipeline Compressor
Marcellus Shale Midstream Compressor7
Caterpillar G3516 & Ariel JGT/4Most popular engine & compressorBefore PANWith Bottles
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Marcellus Shale Midstream CompressorAfterWith
Skid PAN
Shop FabricatedSkid MountedTrucked Without EscortMinimum Field Installation workIts SOTA Using Industry Best Practices
PAN ROI: Midstream Compressor9
Hardware - Pipes, TST Junctions and supports - $200,000PAN Design Services - $150,000PAN Royalty 1,300 hp compressor @ $20/hp - $26,000
Total 1st System PAN Cost - $376,00010% more flow = approx $2,000/day MORE Profit6 month ROIAdditional Identical PANs $226,000 -40%4 month ROI
El Paso Field TrialEllisburg, PA StationJuly 2009New Proven Technology: Tuned Loop PANsPipeline Comb Filters
Loop PAN Lab Demonstration
Tuned Loops Applications
Gas Flow MetersPulsation Protection to Reduce FailuresImprove Accuracy of Flow Measurement Proposal moving forward in 2014
Centrifugal CompressorsPulsation Protection to Reduce FailuresAllow Concurrent Operation with Nearby Recips
Other Pipeline Vibration Problems
Loop PANs Fix Very Expensive Problems!
2013-14 MilestonesOctober, 2013GMRC approved a $400,000 investment in PAN Field Test ProjectWilliams agreed to provide a midstream PAN Project test site in PANovemberOPTIMUM Won the TTE Conference CompetitionOPTIMUM and ACI design the midstream PAN for Zick station in NE PADecember Completed Project fundingGMRC approval to proceed with ProjectJanuary, 2014GMRC Project Supervisory Committee approves 1st Project milestonesApril - GMRC Project Supervisory Committee approves 2nd Project milestonesMay Exhibit products at the Eastern Regional Gas Compression RoundtableJune - AugustInstall the Williams PAN and measure its performanceUse Shale Gas Innovation Contest winnings to improve and promote PANsOctober - Present GMC Paper on the Results of the GMRC PAN Field Test
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