|Fts International Inc Class A||19.54||0.57||2.83%|
Last month, FTSI initiated its innovative machine health automation technology and KCF MachineIQ on its first fleet, working for Devon Energy, and is now rolling out this technology across all its fleets.
While the automotive industry is well known for its automation technologies, FTSI has brought a level of machine health analytics to the industrial space that surpasses even those in global companies several orders of magnitude larger.
"Traditional automation programs follow commands based on simple parameters such as cycle times and speed settings," explained Larry Carroll, FTSI's Director of Innovation, "but these traditional programs are blind to machine health faults and catastrophic failure."
The hydraulic fracturing industry, with its extreme conditions, leaves machinery especially susceptible to breakdowns, which is why FTSI has invested resources over the last three years in the machine learning and analytics necessary to drive more intelligent equipment automation commands. Mr. Carroll continued, "While these fault algorithms and automation commands are helping FTSI today, there's no reason other industries cannot benefit from the technical foundation we've created."
While the automobile manufacturer's name remains confidential, one of this global organization's senior executives commented, "Today's visit was eye opening. FTSI is at the cutting-edge of machine health innovation."
About FTS International, Inc.
Headquartered in Fort Worth, Texas, FTS International is a pure-play hydraulic fracturing service company with operations across multiple basins in the United States.
To learn more, visit www.FTSI.com.
|Private-label branded pages powered by TickerTech.com. Copyright © 2021 Ticker Technologies, All Rights Reserved. Quote data is at least 20 minutes delayed. NYMEX data is at least 30 minutes delayed. Please read other important disclaimer information.|