Shreveport, LA (PRWEB) February 21, 2014
JJ Tech announces that gross sales revenue in 2013 was up 50% over 2012.
For the third consecutive year, JJ Tech, a US-based, worldwide supplier of cutting-edge artificial lift systems to the oil and gas industry, reports that gross sales revenue from the year just concluded has risen significantly over that of the previous year.
In 2011, gross sales revenue of the Shreveport-based production services firm shattered that of 2010, carving out, at that time, its best year to date. But gross sales earned in 2012 nearly doubled the 2011 level, prompting expectations that 2013 sales growth would easily surpass that of 2012. It did, soaring to a 50% increase.
Formed in 2002 to acquire, manufacture, and market the patented new Coleman hydraulic jet pump, JJ Tech pursued an initial strategy of manufacturing jet pumps as production system components, and then marketing them through a group of distributors and end users. But in 2005, JJ Tech began its landmark association with Wanner Engineering, Inc., which brought about the development of the patented Wanner T80 series of diaphragm pumps, and the patented JJ Tech ULTRA-FLO™ production system. This cutting edge system is composed of a JJ Tech jet pump down hole combined with a Wanner Engineering T80 Series diaphragm pump providing surface production power.
With the development of the ULTRA-FLO™ system, JJ Tech transitioned from supplying only jet pumps as components for other operating systems to delivering a total artificial lift system, customized to solve specific end user issues or to maximize existing production. The capacity to offer complete solution systems in addition to the ongoing sale of individual jet pumps in a variety of configurations has significantly broadened JJ Tech’s market share.
About JJ Tech
The Company currently has eight international and US distributors and hundreds of hydraulic jet pumps placed throughout the world. Please visit http://www.j-jtech.com, for more information and to register to receive future press releases by e-mail.