BlueFire’s 3D Research and Development Initiative Underway
Drill bit innovator joins leading edge industries using 3D manufacturing
HOUSTON -- September 26, 2013
BlueFire Equipment Corporation (OTCQB:BLFR) revealed the formation of its 3D
or additive manufacturing initiative for the production of its proprietary
polycrystalline diamond cutter (PDC) drill bits.
BlueFire’s development team is exploring the application of 3D methods for
producing the company’s drill bits and is currently working with a Texas-based
3D scanning company to create a digitized model of the proprietary PDC drill
bit for 3D integration. Using the 3D computer aided design (CAD) software
SolidWorks, the team is developing ways to integrate BlueFire’s technology
with game changing 3D technology.
Chairman and CEO of BlueFire Equipment Corporation William A. Blackwell said,
“We are pleased to join the innovators who have recognized the huge potential
of 3D manufacturing.” He added, “3D printing is now coming of age and
producing highly complex metal components that equal or surpass the quality of
BlueFire is working to become a frontrunner in the field of downhole drilling
tools employing additive manufacturing systems. Entities such as NASA, Boeing,
General Electric and Ford are using this technology to manufacture highly
engineered components. As reported in Bloomberg, Boeing has integrated 3D
manufacturing into their regular supply chain processes, producing more than
20,000 printed parts for military applications.
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
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.
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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BlueFire Equipment Corporation
William Blackwell, 866-713-3700
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