Movers and SHAKERS
Flotek Industries (FTK)
Flotek Expanding JP3 Product Line
Flotek Industries, Inc. creates solutions to reduce the environmental impact of energy on air, water, land and people. Flotek Industries, Inc. is a technology-driven, specialty chemistry and data company that helps customers across industrial, commercial and consumer markets improve their Environmental, Social and Governance performance. Flotek’s Chemistry Technologies segment develops, manufactures, packages, distributes, delivers, and markets high-quality cleaning, disinfecting and sanitizing products for commercial, governmental and personal consumer use. Additionally, Flotek empowers the energy industry to maximize the value of their hydrocarbon streams and improve return on invested capital through its real-time data platforms and green chemistry technologies. Flotek serves downstream, midstream and upstream customers, both domestic and international. Flotek is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK." For additional information, please visit Flotek's web site at www.flotekind.com.
Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.
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Flotek recently released press releases announcing a new application for its near infrared real-time analyzers and a new generation of international certified online analyzers. As a reminder, Flotek acquired JP3, a Data Analytics Company that analyzes the content of hydrocarbon streams, in May of 2020. We view the recent announcements as a positive sign that the operations of JP3 are expanding. We look for top-line sales of JP3 to grow at a rate near 20% the next several years with improved energy industry financials.
On October 15, JP3 announced the release of AIDA, a new patent-pending application for its infrared, real-time analyzers. AIDA is short for Automated Interface Detection Algorithm. The application identifies products such as refined fuels, crude and natural gas liquids on a real-time basis without calibration. AIDA is compatible with other JP3 applications that measure hydrocarbon composition ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.