US Synthetic Signs Exclusive License Agreement with Mitsubishi
Materials Corporation
Leading Polycrystalline Diamond Company Secures Rights to
Thermally Stable PDC Technology—Providing Oil
and Gas Drilling Customers with Products That Are More
Abrasion-Resistant, Durable, Stable and Cost Effective
OREM, Utah (Business Wire EON/PRWEB ) May 29, 2008 --
US Synthetic, the leading provider of polycrystalline
diamond cutters (PDCs) for oil and gas exploration, and Mitsubishi
Materials Corporation, a leading metal and material products company,
today announced an exclusive license agreement that grants US Synthetic
rights to thermally stable polycrystalline diamond technology that
delivers superior performance.
Through this agreement, US Synthetic can utilize and develop thermally
stable polycrystalline diamond technology that provides oil and gas
customers with next generation cutters that are more abrasion-resistant,
durable, stable and cost effective. This new technology delivers
superior performance to customers in the oil patch—allowing
drillers to drill faster than ever before to achieve better Rates of
Penetration (ROP).
“A thermally stable, diamond-based product
that delivers superior performance represents a significant breakthrough
for the oil and gas industry,” said Mr.
Hideaki Yoshida, General Manager, Central Research Institute of Mitsubishi
Materials Corporation. “We’ve
been able to create a material that is 100% thermally stable and can
significantly reduce micro chipping and thermo-mechanical degradation.”
The license agreement with Mitsubishi Materials will allow US Synthetic
to apply thermally stable polycrystalline diamond technology to a number
of diamond-based applications—significantly
adding production life to any diamond-based product. US Synthetic plans
to incorporate the technology into a broad range of applications,
including oil and gas PDCs, industrial bearings, mining, wire drawing
dies, oil and gas wear parts, and heat sink devices used in
silicon-based electronic devices. US Synthetic customers will now have
access to innovative technology that is thermally stable, tough, and
extremely wear resistant.
“Oil and gas drillers all over the world face
a significant challenge when they have to drill through tough, hard rock
formations,” said Dr. Ken Bertagnolli, vice
president of research and development at US
Synthetic Corporation. “The problem is
that the vast majority of drilling tools available aren’t
equipped to handle the extreme conditions that occur when drilling tools
encounter these difficult hard rock formations. Developing a thermally
stable technology that can still handle the extreme conditions that
result from downhole drilling is a significant discovery.”
The thermally stable polycrystalline diamond technology was prepared
under high-pressure, high-temperature (HPHT) liquid-phase sintering
using proprietary US Synthetic technology. Parties interested in
evaluating thermally stable polycrystalline diamond technology are
encouraged to contact Dr. Ken Bertagnolli at US Synthetic at
801-235-9001.
About US Synthetic
US Synthetic (www.ussynthetic.com)
is the leading provider of polycrystalline diamond cutters (PDCs) for
oil and gas exploration. Thanks to constant innovation, proven quality,
and superior customer service, more of the world’s
energy suppliers rely on US Synthetic than any other PDC manufacturer.
US Synthetic has spent more than a decade perfecting its products to
drill faster and last longer—especially in
tough conditions that test the limits of the most durable drilling
equipment.
About Mitsubishi Materials Corporation
Mitsubishi Materials provides the seeds for developing highly dependable
core technologies, communications technology and nanotechnology for use
in numerous business areas, such as advanced materials, information,
communications, environment and energy, where quick responses to the
changing needs of customers are critical. Also, given the capabilities
of the company's R&D network, which are based on a rich catalog of basic
technologies and nano-level high-end technology measurement tools,
Mitsubishi Materials can rapidly recommend new products that can handle
the demands imposed by next- generation technologies. Mitsubishi
Materials' mission is to use its knowledge of production and systems to
help customers imagine a much larger array of comfortable technology
solutions.
See the original story at: http://eon.businesswire.com/releases/us_synthetic/stable/prweb981834.htm
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