Novomet-USA

Novomet-USA, founded in 1991, offers electrical submersible pump (ESP) technologies that reduce the cost of fluid production and extend the economic life of oil wells. The company's patented PowerSave ESPs consume 20-30% less electricity than conventional ESPs, offering energy savings of up to 30%. Their slimmer designs enable placement in wells with small casing sizes and reduce the likelihood of getting stuck. Additionally, their tailored service delivery caters to specific well conditions and production goals. Novomet's innovative technology includes a proven line of permanent magnet motors (PMM), gas mitigation technology, alternative deployment systems, and ESP design and analysis software. Their proprietary powder metallurgy techniques provide unmatched performance and have established Novomet as one of the largest ESP manufacturers globally. Operating in more than 25 countries, Novomet has installed over 30,000 systems and more than 8,000 PMMs worldwide. With facilities in Katy (near Houston), Midland, and Cody, Wyoming, they are strategically positioned to bring their advanced ESP technologies into the US market. Novomet-USA's cutting-edge ESP systems and service delivery, along with their successful global presence, position them as a significant player in the artificial lift industry, offering attractive opportunities for investment and growth.