Aug 14, 2018   SOURCE: BusinessWire

Terves and Powdermet Provide Semi-Annual Update

To our valued Employees, Partners, Shareholders and Customers,

As we complete the first half of 2018, we would like to thank all our customers, employees, stakeholders for their continued effort and support for Terves and Powdermet’s products and technologies. We won the trust of several new customers for our dissolvable materials, secured partners for our proppant and chemical products, launched 2 new products (dissolvable elastomer, Elementum™ and dissolvable carrier, SmartCore™), have at least 5 new products that will be launched later this year, scaled-up our dissolvable metal production capacity by 50%, and established our machining facility to provide a one-stop solution for our customers. Terves also filed for 11 new provisional and patent applications in 2018 and expects to file 4 more patents this year around new dissolvable alloys and composites, acoustic imaging, expandable materials, nanofilm for water evaporation prevention, surfactants, and other materials and solutions the enhance the value proposition of dissolvable materials.

Powdermet, structured as a technology incubator, continues to work on several new products and technologies, including, but not limited to high-energy density capacitors, high frequency magnetic materials, fundamentally different energy storage and delivery materials, high-hardness and high-toughness nanocomposite cermets, and other nanoengineered materials. Powdermet has recently incorporated two new entities to commercialize two family of technologies 1) HybriMat that is commercializing nanostructured cermet’s as coatings and sintered net shaped components 2) Cratus Energy that is commercializing a variety of materials for energy storage and delivery, including the highest-energy-density film capacitors.

We will continue to create substantial material value with our products and technologies and look forward to work with our current and future customers to solve some of their most critical material challenges.

Regards,

Andrew Sherman
CEO – Powdermet and Terves

Read the online version: http://www.tervesinc.com/2018/08/02/tervespowdermet-semi-annual-newsletter-2018/

NEW PRODUCTS LAUNCHED IN 2018

Elementum – Dissolvable Elastomer
Elementum is a family of patent-pending high-performance, moldable and machinable elastomer that is designed to fragment and dissolve to tiny particles after exposure to downhole brine and fluids. Unlike competing dissolvable elastomers, polymers, and rubbers that primarily degrade (lose hardness) without losing weight, forming a slime or jelly that could plug when mixed with sand; Elementum loses (dissolves) about ~80% of its weight over a period of days in standard well conditions and disintegrates leaving ~20% of very fine filler particles.
Learn More …

SmartCore
SmartCore patent-pending products utilize a dissolvable carrier, such as a frac ball, frac plug and/or other fracking tools, to deliver well control chemicals, including dissolution accelerators, gel breakers, and wellbore cleanup chemicals at a precise location and controlled release timing.
Lear More …

NEW PRODUCTS SCHEDULED FOR LAUNCH IN 2018

TervAlloy™-X
TervAlloy-X (X-eXtreme) is our highest-strength dissolvable alloy which is designed to have over 50ksi yield strength and over 70ksi ultimate strength. This material will be used to make high strength dissolvable balls and opens up several new tool applications for dissolvables such as dissolvable seats and other completion tools.

Elementum-HT™
Terves’ higher temperature dissolvable elastomer that complements our existing low temperature dissolvable elastomer, enabling Terves to have a dissolvable elastomer product for any well condition.

Teravert™ Dissolvable Diverter Balls
Dissolvable diverter balls based on our Elementum dissolvable elastomers. Elementum dissolvable diverter balls block perforations in plug-and-perf completions for zonal isolation and then dissolve and go away after their job is done.

Nano-Additives
Nano-additives for several downhole chemicals and fluids.

SandShield™
Strengthening local sand with a proprietary coating to make it stronger.

PATENTS

Terves filed for 11 new provisional and patent applications in 2018 and expects to file 4 more patents this year around new dissolvable alloys and composites, acoustic imaging, expandable materials, cementing/sealing solutions, nanofilm for water evaporation prevention, surfactants, and other materials and solutions the enhance the value proposition of dissolvable materials. These 11 patents in addition to the existing 34 filed or provisional patents allows Terves to continue its Intellectual Property Leadership in the Engineered Response materials space.

Additionally, all claims related to Terves’ two core patents for the lowest-cost cast and wrought dissolvable magnesium manufacturing have now been granted. These patents grant Terves the sole right to develop, manufacture and sell cast, molded, forged, and extruded dissolvable magnesium materials containing galvanically active insoluble phases.

Patents Filed in 2018:

1)   Degradable metal matrix composite
2) Syntactic metal matrix materials and methods
3) Non-linear surfactant
4) Method of assuring dissolution of degradable tools
5) Degradable high strength compositions and method of manufacture
6) Galvanically-active in situ formed particles for controlled rate dissolving tools
7) Evaporation-resistant coating
8) Method of improving wellbore integrity and loss control
9) Fluid activated disintegrating metal system
10) Acoustic imaging agent
11) Galvanically-active in situ formed particles for controlled rate dissolving tools

FUNDED DEVELOPMENT PROJECTS

Terves

Project Title: Lightweight Magnesium Components for a Missile Body
Funding Agency: Missile Defense Agency / Department of Defense
Brief Description: Develop a processing route to produce lightweight, high strength magnesium in thin sheet or plate for use as a missile body

Project Title: Improved Method for High Strength Magnesium Alloys in the as-cast Condition
Funding Agency: Army/Department of Defense
Brief Description: Development of high strength magnesium alloys through alloy and process control

Powdermet

Project Title: Nontoxic Hydrophobic Coating for Red Phosphorus and Metal Flakes
Funding Agency: Army/DOD
Brief Description: Coating smoke screening materials such as red phosphorous with protective material that prevent oxidation and degradation.

Project Title: Nanostructured Soft Magnets
Funding Agency: Department of Energy
Brief Description: Development and characterization of nanostructured soft magnetic materials

Project Title: High Temperature, High Energy Density and high Efficiency Capacitors for Aerospace Exploration
Funding Agency: NASA
Brief Description: Develop and characterize high performance film capacitors with high temperature capability and high energy storage efficiency in high electric fields

RECENT PRESS RELEASES

Terves Breaks Ground on its Expanded Magnesium Foundry for Manufacturing Dissolvable Metals
July 29, 2018
Terves broke ground on a 12,000 sq. ft. expansion to its Magnesium Foundry. This H3-classified magnesium metal processing facility expansion enables Terves to further expand its metal processing, heat treatment, machining, and storage capabilities.
Read More …

Terves Expands Magnesium Machining Capacity for Machine-To-Print Dissolvable Tools
July 9, 2018
Terves has added 5 CNC lathes and mills to keep up with demand for component build-to print services for TervAlloy™ magnesium and Elementum™ elastomeric dissolvable materials that enables Terves to offer both rapid prototyping and complete part-production capability.
Read More …

Terves Advancing High-Strength, Non-Flammable Nanostructured Magnesium Alloy Technology
June 28, 2018
Terves was selected by the U.S. Army and Missile Defense Agency to continue development of novel high-strength, non-flammable, nanostructured magnesium alloys for light-weighting applications. Terves received the Department of Defense (“DoD”) SBIR (Small Business Innovative Research) support to enhance its patent-pending cast and wrought Magnesium alloys derived from its high-temperature, high-strength magnesium alloys currently used in oil and gas applications. These new alloys, with further development, show tremendous potential to save 30% or more in structural weight by replacing cast and wrought 2000, 6000, and 7000 series aluminum alloys in transportation, space, and defense applications.
Read More …

Terves Introduces SmartCore™ Structural Chemical Delivery Product for Oil and Gas Completion and Production
Terves launched Oil and Gas Industry’s first intelligent frac ball and chemical pill product line, SmartCore™. Terves’ patent-pending SmartCore products utilize a dissolvable carrier, such as a frac ball, frac plug and/or other fracking tools, to deliver well control chemicals, including dissolution accelerators, gel breakers, and wellbore cleanup chemicals at a precise location and controlled release timing. “SmartCore products were developed to address operator concerns over sand bridging and hydroxide restrictions that can form under some wellbore conditions, where inadequate clearance or fluid circulation occurs while using dissolvable tools, and to accelerate and control removal times to bring wells on-line faster.
Read More …

Terves Launches Oil and Gas Industry’s First Truly-Dissolvable Elastomer for Completion Tools
Terves launched Oil and Gas Industry’s first truly-dissolvable family of elastomers, ElementUM™. ElementUM is a family of patent-pending high-performance, moldable and machinable elastomer that is designed to fragment and dissolve to tiny particles after exposure to downhole brine and fluids. Unlike competing dissolvable elastomers, polymers, and rubbers that primarily degrade (lose hardness) without losing weight, forming a slime or jelly that could plug when mixed with sand; Elementum loses (dissolves) about ~80% of its weight over a period of days in standard well conditions and disintegrates leaving ~20% of very fine filler particles.
Read More …

RECENT ARTICLES

Enabling Efficient Far Field Fracturing using Expandable Proppants
To address the enhancement of far-field fracture networks, with support from the Department of Energy’s Small Business Innovative Research Program (SBIR) under contract DE-SC0013242, Terves has been developing a family of highly-engineered lightweight proppants that offer the ability to increase and maintain fracture width in far-field fractures. Maintaining fracture width during fluid draw-down in the presence of closure stresses has been shown to produce at least 20 – 30% more oil or gas – which translates into an additional mUS$2 – 6 million in production revenue from a well.
Read More …

Rubber and Plastic News - Terves Releases New Dissolvable Elastomers
Terves is expanding its offerings with a new line of dissolving elastomers for completion tools in oil and gas applications. Elementum dissolvable elastomers are rated for up to 10,000 pounds per square inch and 90°C, and the newest addition to the line loses up to 80 percent of its weight as it dissolves, said Anupam Ghildyal, vice president of corporate development.
Read More …

TRADESHOWS AND CONFERENCES

Meet Us @ The SPE Advanced Technology Conference (ATCE)
Dallas, Texas
September 24-26, 2018
Booth # 2461
<Email us at info@tervesinc.com or call +1 216-375-6393 if you need any visitor passes>

We were also at:

The Unconventional Resources Show (URTeC)
Houston, Texas
July 23-25, 2018

The Global Petroleum Show
Calgary, Alberta
June 12-14, 2018

RDPETRO – Research and Development Petroleum Conference and Exhibition
Abu Dhabi, UAE
May 9-10, 2018

S&P Global Platts Global Metals Awards
London, UK
May 17, 2018

Lux Executive Summit
Boston, Massachusetts
April 10-11, 2018

TMS 2018 Annual Meeting & Exhibition
Phoenix, Arizona
March 11-15, 2018

SPE Hydraulic Fracturing Technology Conference and Exhibition
The Woodlands, Texas
January 23-35, 2018

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