Quantum Energy Technologies secures Distribution Agreement with 5 BY 5 for its Patented Downhole EM Antenna Network
HOUSTON, TEXAS, UNITED STATES: uantum Energy Technologies (Quantum) announces it has entered into a distribution agreement with 5 BY 5, for its patented 1 Solution wireless EM Antenna network technology (1 Solution). The agreement provides Quantum with access to all aspects of the 1 Solution technology for use with its customer base as well as sold direct to operator.
Much like a cell phone tower connects to phones and rebroadcasting those communication signals to other towers, 1 Solution picks up communication signals from deep underground, sometimes as deep as 14,000 feet, and rebroadcasts wirelessly to an area network. Unlike a cell tower, 1 Solution focuses on electrical data signals specifically created by specific drilling tools (EM-MWD) that are used to drill deep wells underground in applications such as geothermal and oil & natural gas exploration.
Quantum plans to combine its next generation high-speed EM-MWD system with 1 Solution’s downhole network to provide a step change in downhole underground communications, which can be broadcast across a wide area that Operators can tap into like a cell phone network. In addition to its networking, 1 Solution also acts as a signal booster resulting in higher data speeds and lower power settings, thereby increasing the amount of information transmitted and reducing battery consumption and waste.
“Quantum is pleased to partner with 5 BY 5 on its 1 Solution technology,” said Jim Bush, CEO of Quantum, adding, “We plan to combine this product with our growing fleet of next generation EM-MWD tools in the coming quarter to provide unparalleled bandwidth and signal reception to our expanding customer base.”
“We are excited about the potential for 1 Solution with this collaboration. Quantum brings a lot of engineering and distribution horsepower to the table with its technology portfolio. Couple that with our patented 1 Solution underground antenna network, and you have a great combination. We look forward to seeing the success here as well as in international markets,” said Travis McDougall, President of 5 BY 5.
