DynaEnergetics Launches IS2™ Xpress, a Major Upgrade to its IS2 TF Intrinsically Safe™ Initiating System

Rhea-AI Summary

DynaEnergetics has launched the IS2 Xpress, an advanced well perforating system that significantly enhances efficiency and safety. This upgrade to the IS2 TF system allows operations to perforate a well stage with 20 systems in about five minutes—a 165% improvement—while 50 systems can be completed in ten minutes, marking a nearly 420% increase in speed. The system also includes smart features for detecting downhole issues and recording events to improve troubleshooting. This innovation aims to provide users with a competitive edge in oil and gas operations.

Positive

• IS2 Xpress improves perforating time by 165% for 20 systems, and 420% for 50 systems.
• Enhanced operational efficiency through elimination of wireline speed adjustments.
• Smart features enable earlier detection of downhole problems.
• 'Black-box' recording for effective troubleshooting.

Negative

• None.

Next-Generation System Brings Increased Speed and Simplicity to Well Perforating Operations

HOUSTON, Texas, Sept. 15, 2022 (GLOBE NEWSWIRE) -- DynaEnergetics, a global leader in oil and gas well perforating technology, today introduced IS2 Xpress, a significant upgrade to the core initiating technology used in DynaEnergetics’ DS well perforating systems.

IS2 Xpress builds upon DynaEnergetics’ revolutionary IS2 TF Intrinsically Safe™ Initiating System, a wirefree integrated switch detonator that brought unmatched safety and reliability to the oil and gas well perforating process. The IS2 Xpress is based on the same technological platform, but provides greater consistency and near-instant readiness between initiations across an entire perforating string. This responsiveness can significantly reduce the time required to perforate a well.

When using IS2 Xpress, an individual well stage incorporating 20 DS perforating systems can be perforated in approximately five minutes, a 165% improvement versus the original IS2 TF. In a stage incorporating 50 DS systems, perforating can be completed in 10 minutes, a nearly 420% improvement. IS2 Xpress also includes smart features that enable earlier detection of downhole problems, and comes with “black-box” sequence-of-event recording to ensure effective trouble shooting.

DynaEnergetics’ President Ian Grieves said, “Wireline companies are increasingly focused on maximizing the efficiency and reliability of their operations. By eliminating the need for wireline speed adjustments during perforating operations, the IS2 Xpress will enhance operational efficiency and allow for closer stage spacing, saving significant time and money on each well-perforating project. We are excited about this innovation, which will give DynaEnergetics customers a distinct competitive advantage in their operations.”

To learn more, visit DynaEnergetics.com.
  
About DynaEnergetics
DynaEnergetics, a business of DMC Global Inc. (Nasdaq: “BOOM”), provides innovative perforating systems that make a measurable impact on well productivity, completion cost and safety. As the only global perforating manufacturer that designs, manufactures and qualifies all of its equipment and accessories in-house, DynaEnergetics ensures unmatched performance and the lowest total cost of operations. For more information, visit www.dynaenergetics.com.

Contact:	Investor Contact:
Edwin Reek	Geoff High
Vice President of Marketing	Vice President of Investor Relations
DynaEnergetics	DMC Global Inc.
713.766.7630	303.514.0656
edwin.reek@dynaenergetics.com	ghigh@dmcglobal.com

FAQ

What is IS2 Xpress and how does it benefit DynaEnergetics (BOOM)?

IS2 Xpress is an advanced well perforating system that enhances efficiency by significantly reducing perforating time and improving safety features.

How much faster does IS2 Xpress operate compared to the previous system?

IS2 Xpress can perforate a stage with 20 systems in approximately five minutes, a 165% improvement, and 50 systems in ten minutes, a nearly 420% improvement.

What new features does the IS2 Xpress include?

The IS2 Xpress includes smart features for early detection of downhole problems and 'black-box' event recording for troubleshooting.

How does the IS2 Xpress provide a competitive advantage?

By improving operational efficiency and reducing time and costs associated with well perforating projects, IS2 Xpress offers users a significant competitive advantage.