Profire Energy Expands Distribution Channel With Gly-Tech
New U.S. Distributor of Profire's Burner Management Systems to Oil & Gas Industry
LINDON, Utah and EDMONTON, Alberta, June 12, 2012 (GLOBE NEWSWIRE) -- Profire Energy, Inc. (OTCBB:PFIE) today announced that Gly-Tech Services, Inc. has become a non-exclusive authorized distributor of Profire's burner management systems (BMS). Gly-Tech chose Profire Energy's systems after an extensive search because demonstrations showed they are safer, will reduce overall fuel costs, and give oil and gas producers the ability to more efficiently – and remotely – monitor equipment.
"Gly-Tech has provided process equipment solutions specializing in gas dehydration since 1987 and has distributed and installed other burner management systems, but they began to show significant operational design problems," said Rocky Buras, president of Louisiana-based Gly-Tech Services, Inc. "After extensive research and testing, we found Profire Energy. We have found the company's technology to be superior. In addition to being easy to use, the automatic relighting of the burners make them much safer, and producers can easily monitor their equipment from remote sites to ensure the burners are lit only when they are supposed to be."
The emphasis on safety, construction and operation of natural draft-fired heaters on oil and gas wells has increased within the last decade. This has resulted in the evolution – and acceleration – of burner management systems to help oil and natural gas producers with the safe and cost-efficient development and transportation of carbon-based fuels. Profire Energy's BMSs specifically:
- Meet or exceed all relevant codes and standards
- Easily install with clearly marked component I/O
- Have easily accessible and removable terminal connections
- Rapidly shut down on flame-out
- Use DC voltage spark ignition
- Accommodate solar panel or TEG applications with a low-power design
- Enable auto-relight or manual operation
- Include transient protected and fail-safe circuits
"This new relationship demonstrates the growing demand for burner management systems to automatically ignite and manage the combustion process safely and efficiently," said Brenton Hatch, chief executive officer and chairman of the board of Profire Energy. "We're at a time of rapid growth and look forward to working with Gly-Tech and our other authorized distributors to help the oil and gas producers become more safe, productive and environmentally friendly."
About Gly-Tech Systems
Based in Harvey, La., Gly-Tech has provided process equipment services since 1987. The company specializes in gas conservation optimizations, troubleshooting, cleaning and system upgrades of gas dehydration systems. Gly-Tech Services has offices in Shreveport, Louisiana, Ada, Oklahoma and New Orleans, Louisiana.
For more information, visit http://www.glytech.com/.
About Profire Energy, Inc.
Profire Energy, Inc. is a leading manufacturer and installer of oilfield combustion management systems and related burner products. The company's products and services assist energy production companies in the safe and efficient transportation, refinement and production of oil and natural gas. Profire Energy's lead products are the Profire 2100 and the Profire 1100, which are burner management systems that oil and gas producers rely on to provide reliable management and ignition of combustion burners and associated vessels such as separators, dehydrators, line heaters, incinerators, etc.
To learn more about Profire Energy's products and services, please visit www.profireenergy.com. Profire has offices in Lindon, Utah, Houston Texas, and Edmonton, Alberta, Canada.
The Profire Energy, Inc. logo is available at https://www.globenewswire.com/newsroom/prs/?pkgid=13229
Cautionary Note Regarding Forward-Looking Statements
This release contains "forward-looking" statements regarding the benefits of, growth and demand for, and acceptance of the company's products. While Gly-Tech is an authorized, non-exclusive distributor of the company's BMSs, there is no guarantee that Gly-Tech will be successful in selling the company's BMSs in significant quantities or at all. All forward-looking statements are subject to uncertainty and changes in circumstances. Forward-looking statements are not guarantees of future results or performance and involve risks, assumptions and uncertainties that could cause actual events or results to differ materially from the events or results described in, or anticipated by, the forward-looking statements. Factors that could materially affect such forward-looking statements include certain economic, business, public market and regulatory risks and factors identified in the company's periodic reports filed with the Securities Exchange Commission. All forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements are made only as of the date of this release and the company assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.
CONTACT: Andrew Limpert (801) 796-5127 E-mail: Alimpert@profireenergy.com Kelly Wanlass (801) 602-4723 E-mail: Kelly@snappconner.com Douglas Daigle (504)348-8566
Released June 12, 2012