Description of Flotek Industries Inc's Business Segments
Energy Chemistry Technologies
The Energy Chemistry Technologies (“ECT”) segment designs, develops,
manufactures, packages, and markets chemistries for use in oil and gas (“O&G”)
well drilling, cementing, completion, and stimulation activities designed to
maximize recovery in both new and mature fields. These specialty chemistries
possess enhanced performance characteristics and are manufactured to withstand
a broad range of downhole pressures, temperatures and other well-specific conditions
to be compliant with customer specifications. This segment has technical services
laboratories and a research and innovation laboratory that focus on design improvements,
development and viability testing of new chemistry formulations, and continued
enhancement of existing products. Chemistries branded Complex nano-Fluid®
technologies (“CnF® products”) are patented both domestically
and internationally and are proven strategically cost-effective performance
additives within both oil and natural gas markets. The CnF® product mixtures
are environmentally friendly, stable mixtures of plant derived oils, water,
and surface active agents which organize molecules into nano structures. The
combined advantage of solvents, surface active agents and water, and the resultant
nano structures, improve well treatment results as compared to the independent
use of solvents and surface active agents. CnF® products are composed of
renewable, plant derived, cleaning ingredients and oils that are certified as
biodegradable. CnF® chemistries help achieve improved operational and financial
results for the Company’s customers in low permeability sand and shale
reservoirs.
Consumer and Industrial Chemistry Technologies
The Consumer and Industrial Chemistry Technologies (“CICT”) segment
sources citrus oil domestically and internationally and is one of the largest
processors of citrus oils in the world. Products produced from processed citrus
oil include (1) high value compounds used as additives by companies in the flavors
and fragrances markets and (2) environmentally friendly chemistries for use
in the oil & gas industry and numerous other industries around the world.
The CICT segment designs, develops, and manufactures products that are sold
to companies in the flavor and fragrance industries and specialty chemical industry.
These technologies are used within food and beverage, fragrance, and household
and industrial cleaning products industries.
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