HOUSTON--(EON: Enhanced Online News)--BlueFire Equipment Corporation (OTCQB: BLFR) reported today its 3D printing initiative is well underway for the production of its proprietary polycrystalline diamond cutter (PDC) drill bits. Once in place, the process is expected to expand engineering capabilities and dramatically reduce costs.
“We are indeed experiencing a very dramatic paradigm shift in manufacturing worldwide. 3D printing could be a true game changer for our business.”
In his State of the Union address in February, President Obama said “…3D printing has the potential to revolutionize the way we make almost everything.” His comments served as an endorsement of a technology that has begun to boom and promises to become a game changer in the field of manufacturing. As reported by Terry Wohlers, a leading authority on the subject, the global 3D printing industry stood at $2.2 billion last year and will explode to $6 billion by 2017.
Chairman and CEO of BlueFire Equipment Corporation William A. Blackwell said, “We are excited about integrating this leading edge technology into our manufacturing process and anticipate high returns on our investment.” He added, “We are indeed experiencing a very dramatic paradigm shift in manufacturing worldwide. 3D printing could be a true game changer for our business.”
About 3D or Additive Manufacturing
Much of today’s manufacturing processes are based on “subtractive manufacturing,” which relies on the removal of material to create something. Additive manufacturing, or 3D printing, is a process by which three-dimensional objects in a diversity of shapes are manufactured by adding material using digital models. Metallic, plastic, ceramic or composite materials can be employed using this process, which involves building the required object by adding successive layers of material to achieve the desired shape.
3D printing uses a variety of different types of technologies. Stereolithography (SLA) focuses a beam of ultraviolet light onto a vat of liquid photocurable resin, drawing out the 3D model one layer at a time. Fused Deposition Modeling (FDM) produces an object by extruding a stream of melted material to form stacked layers. Selective Laser Sintering (SLS) uses a laser to fuse powdered materials layer by layer to form the object.
About BlueFire’s PDC Drill Bits
BlueFire bits employ large cutter face volumes for rapid drilling of shales, sandstones, limestones and sticky clays. These bits utilize premium PDC cutters for improved ROP and are designed using directed ports to accelerate cleaning and optimize cooling. Company findings indicate a decrease of more than 30 percent in temperature on the cutting surfaces, drastically reducing cutter wear and extending the life of the bit.
Conventional bits use nozzles that eject drilling fluid into the well bottom resulting in a general application and uneven distribution at the point of contact. BlueFire’s bit design employs strategically aligned nozzles to concentrate high-pressure jet streams directly on the cutting edge, lubricating the interface between the cutters and the rock formation being drilled. Furthermore, improved cleaning and scouring action facilitates removal of cuttings. The result is a bit that runs cleaner and cooler.
Details about BlueFire Equipment Corporation and information about obtaining quotes are available at www.bluefireequipment.com.
About BlueFire Equipment Corporation (OTCQB: BLFR)
BlueFire Equipment Corporation designs and manufactures proprietary drilling technologies for use in the exploration and production of oil and gas in the United States. It sells and leases various sizes of polycrystalline diamond cutter (PDC) drill bits to drilling contractors and oil and gas companies. BlueFire Equipment Corporation was founded in 2008 and is headquartered in Houston, Texas, where other major exploration and production companies have a presence, including ExxonMobil, BP and ConocoPhillips.
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