HOUSTON, May 19, 2021 /PRNewswire/ -- U.S. Well
Services (Nasdaq: USWS) ("USWS" or the "Company") today announced
the next generation of its proprietary Clean Fleet® technology with
the unveiling of its newly designed Nyx Clean Fleet® frac
pump. Nyx will use our patented PowerCube, driving two
independently controlled electric motors and frac pumps to provide
6,000 hydraulic horsepower ("HHP") on a single trailer. Based
on current pricing from vendors, U.S. Well Services expects that it
can deliver a Nyx Clean Fleet®, consisting of ten pump trailers
totaling 60,000 HHP, two blenders and a combination switchgear for
a capital cost of approximately $23
million.
The independent twin pump concept provides the same redundancy
as our single electric motor units while offering a significant
reduction in our wellsite footprint. Nyx allows the Company
to shut down one pump or motor without affecting the second pump's
ability to continue operating. For this innovative design,
the Company will continue to use electric motors supplied by
AmeriMex, who has provided electric motors on each of our past
generations of Clean Fleet® technology. The system is
designed to be powered by mobile generators, micro-grid
applications, like our PowerPathTM technology, and is
not only capable of using utility grid power, but is also compliant
with all associated requirements. Nyx leverages USWS
Analytics' cloud intelligence system that enables fast, informed
operational decision making and continuously evaluates equipment
health and useful life. These factors empower the Company to use
predictive, conditions-based maintenance scheduling and will help
reduce non-productive time to drive improved operating efficiency
for our customers. The Nyx control system also provides
automatic intelligent pump rate control based on the continuous
monitoring of equipment health conditions.
"We are excited to bring the Nyx pump to the market," said
Lon Robinson, U.S. Well Services'
Chief Technology Officer. "This pump is the culmination of
considerable engineering and design work with our partners at
AmeriMex and Grizzly Manufacturing, and we believe it will
revolutionize the electric frac market."
In Greek mythology, Nyx was the daughter of chaos and the
goddess of night. Created near the beginning of time, Nyx's
age and power made even the most powerful of gods fearful of her,
including Zeus, the king of the gods.
U.S. Well Services is a pioneer of the E-Frac revolution and was
the first to commercialize a successful electric fracturing fleet
with our first generation Clean Fleet® in 2014. Inspired by
our past and designed for the future, the Nyx pump is the latest
innovation in Clean Fleet® technology and will be the most powerful
and advanced electric fracturing solution on the market.
US Well Services Nyx Clean Fleet® Frac Unit – patented PowerCube
delivers true redundancy power to two separate electric motors and
pumps.
About U.S. Well Services, Inc.
U.S. Well Services, Inc. is a leading provider of hydraulic
fracturing services and a market leader in electric fracture
stimulation. The Company's patented electric frac technology
provides one of the first fully electric, mobile well stimulation
systems powered by locally-supplied natural gas, including field
gas sourced directly from the wellhead. The Company's electric frac
technology dramatically decreases emissions and sound pollution
while generating exceptional operational efficiencies, including
significant customer fuel cost savings versus conventional diesel
fleets. For more information visit: www.uswellservices.com.
Information on our website is not part of this release.
Forward-Looking Statements
The information above includes "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. These forward-looking statements may be identified by
their use of terms and phrases such as "may," "expect," "believe,"
"anticipate," "will," "should," "could," and similar terms and
phrases. Although the Company believes that the expectations
reflected in these forward-looking statements are reasonable, they
do involve certain assumptions, risks, and uncertainties. These
forward-looking statements represent the Company's current
expectations or beliefs concerning future events, and it is
possible that the results described in this release will not be
achieved. These forward-looking statements are subject to certain
risks, uncertainties and assumptions identified in this release or
as disclosed from time to time in the Company's filings with the
Securities and Exchange Commission (the "SEC"). Factors that could
cause actual results to differ from the Company's expectations
include the factors described in the Company's public disclosures
and filings with the SEC, including those described under "Risk
Factors" in its Annual Report on Form 10-K for the year ended
December 31, 2020 filed on
March 11, 2021 and in its subsequent
filings with the SEC. As a result of these factors, actual results
may differ materially from those indicated or implied by
forward-looking statements.
Any forward-looking statement speaks only as of the date on
which it is made, and, except as required by law, the Company does
not undertake any obligation to update or revise any
forward-looking statement, whether because of new information,
future events or otherwise. New factors emerge from time to time,
and it is not possible for the Company to predict all such
factors.
Contacts:
Josh Shapiro
Vice President, Finance and Treasury
IR@uswellservices.com
Dennard Lascar Investor
Relations
(713) 529-6600
USWS@dennardlascar.com
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SOURCE U.S. Well Services, Inc.