Mistras Group, Inc. provides technology-enabled asset protection solutions worldwide. The company offers ‘one source for asset protection solutions’ and provides technology-enabled asset protection solutions used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. The company conducts its business in 16 different countries. The company combines products and technologies, expertise in mechanical integrity (MI), Non-Destructive Testing (NDT), Destructive Testing (DT) and predictive maintenance (PdM) services, process and fixed asset engineering and consulting services, proprietary data analysis and enterprise inspection database management and analysis software, PCMS (plant condition monitoring software and systems), to deliver a comprehensive portfolio of customized solutions, ranging from routine inspections to complex, plant-wide asset integrity management and assessments. Segments The company has three operating segments: Services, Products and Systems, and International. Services segment This segment provides asset protection solutions predominantly in North America with the largest concentration in the United States along with a Canadian services business, consisting primarily of non-destructive testing, and inspection and engineering services that are used to evaluate the structural integrity and reliability of critical energy, industrial and public infrastructure. Its comprehensive portfolio of services include testing components of new construction as they are built or assembled; providing corrosion monitoring data to help customers determine whether to repair or retire infrastructure; providing material analysis to ensure the integrity of infrastructure components; and supplying non-invasive on-stream techniques that enable its customers to pinpoint potential problem areas prior to failure. In addition, the company also provides services to assist in the planning and scheduling of resources for repairs and maintenance activities. Traditional NDT Services: The company’s certified personnel provide a range of traditional inspection services. Its visual inspections provide comprehensive assessments of the condition of its customers’ plant equipment during capital construction projects and maintenance shutdowns. The company provides a comprehensive program for the inspection of above-ground storage tanks designed to meet stringent industry standards for the inspection, repair, alteration and reconstruction of oil and petrochemical storage tanks. This program includes magnetic flux exclusion for the rapid detection of floor plate corrosion, advanced ultrasonic systems and leak detection of floor defects, remote ultrasonic crawlers for shell and roof inspections and trained, certified inspectors for visual inspection and documentation. Advanced NDT Services: In addition to traditional NDT services, the company provides a range of proprietary advanced NDT services that the company offers on a stand-alone basis or in combination with software solutions, such as its proprietary enterprise inspection data management and plant condition monitoring software and systems (PCMS). Some of the technologies and techniques the company uses include automated ultrasonic testing, guided ultrasonic long wave testing, phased array ultrasonic testing, risk-based inspection (RBI), computed and digital radiography, among others. Mechanical Integrity Services: The company provides a range of services that enable its customers to meet stringent regulatory requirements. The company’s services are designed to complement a comprehensive predictive and preventative inspection and maintenance program that the company provides for its customers in addition to the services. The company’s Mechanical Integrity Gap Analysis service offers insight into the level of plant readiness, how best to manage and monitor the integrity of process facility assets, and how to extend the useful lives of such assets. The company’s Mechanical Integrity Gap Analysis service also assists customers in benchmarking and managing their infrastructure through key performance indicators and
mistras group inc
(MIY:Berlin Stock Exchange)
195 Clarksville Road
Princeton Junction, NJ 08550
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