COR Thermotics Acquires Once-Through Steam Generators Division
Katy, Texas, (USA) – May 16, 2011, COR Thermotics LLC is proud to announce the purchase of the intellectual property and trademark rights in the Thermotics™ brand Once-Through Steam Generators (OTSG) and related Water Treatment Plants (WTP) from ITS Engineered Systems, Inc. (ITS).
As a result of this transaction, COR Thermotics will own the Thermotics™ trademark and provide the worldwide marketing, sales, design, engineering, fabrication and after-sales services for this product line. The OTSG & WTP will continue to be manufactured in the Katy, Texas facility and the Company maintains an office in Muscat, Sultanate of Oman operating as COR Integrated Technical Services (COR-ITS).
This purchase strengthens COR Thermotics thermal recovery portfolio by providing clients with a complete solution package from equipments supply and commissioning to contract steam and Operation & Maintenance Contract Agreements. Purchasing this intellectual property will give COR Thermotics an added advantage in their long term vision of becoming a total solution company fulfilling the needs from start to finish including the ever important after-service support and the commissioning of the steam generator units.
Thermotics™ Steam Generators have been in operation since the inception of steam flood technology. Since 1967 Thermotics™ equipment has been supplied to both domestic and foreign operations including Canada, Russia, the Middle East, Brazil, Trinidad, Venezuela, Indonesia, Albania and China.
“By purchasing the IP of Thermotics™ Technology, COR, a company with a true passion for helping their clients with a total solution for their total needs, we are making steam generator design, fabrication and manufacturing more accessible to clients around the world by creating a single source channel for their Steam Generator needs,” said Heather Jones, COR General Manager.
Through our high caliber engineers, designers, fabrication specialists, and service engineers, the company has completed the design, fabrication, start-up and commissioning of steam generators with capacities from 5 MM BTU/HR up to 250 MM BTU/HR.