viewEnteq Upstream PLC

Enteq Upstream granted UK patent for PowerHop technology

The oilfield services firm has also lodged a patent application for DrillLink, a system which allows data to be transmitted between ‘down hole’ tools and the surface during drilling

Enteq Upstream PLC - Enteq Upstream granted patent for PowerHop technology

Enteq Upstream PLC (LON:NTQ) has been granted a full patent by the UK Patent Office for PowerHop, a system designed to wirelessly log measurements during well drilling.

The oilfield services firm said it is now in discussions regarding the commercialisation of the technology with its customers and that PowerHop will allow it to offer “a broader range of sensor technology” to the US$9bn directional drilling market.

WATCH: Enteq Upstream PLC's international strategy 'delivering real results'

Meanwhile, the firm has also lodged patent applications in the US, Norway, the UK and Canada for its DrillLink system, which allows data to be transmitted between ‘down hole’ tools and the surface during drilling.

"The recent granting and filing of patent applications demonstrates Enteq's continued commitment to develop new technologies that both broaden the addressable market and offer additional functionality to our current customer base", said Enteq chief executive Martin Perry.

In lunchtime trading on Wednesday, Enteq’s shares were steady at 27p.

Quick facts: Enteq Upstream PLC

Price: - -

Market: AIM
Market Cap: -

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Enteq Upstream PLC named herein, including the promotion by the Company of Enteq Upstream PLC in any Content on the Site, the Company receives...



Enteq Upstream PLC's international strategy 'delivering real results'

Proactive Research analyst Ed Stacey gives his view on Enteq Upstream PLC's (LON:NTQ) interim results to September 2019 which saw revenues increasing 58% and adjusted underlying earnings (EBITDA) up 143% year-on-year. Stacey says major new customer wins in China reflect the company's...

on 15/11/19

2 min read