Team, Inc. Announces Commercialization Of New SmartStop™ Isolation Technology

Rhea-AI Summary

On August 3, 2021, Team, Inc. (TISI) announced the commercial launch of its new SmartStop™ Isolation Technology. This innovative system improves safety and productivity for hot tapping and line intervention applications. The technology features a dual seal system that minimizes pipe alterations and enhances isolation integrity. TEAM aims to reduce execution times and costs for clients while strengthening its position in the industry. The rollout of this proprietary technology has already begun in the United States.

Positive

• Launch of SmartStop Isolation Technology may enhance customer safety and productivity.
• Reduces total project execution times, potentially lowering client costs.
• Innovative design leads to fewer moving parts, increasing reliability.

Negative

• None.

SUGAR LAND, Texas, Aug. 3, 2021 /PRNewswire/ -- Team, Inc. ("TEAM") (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, announced today the commercial launch of its proprietary double block and bleed SmartStop™ Isolation Technology.    

"We are excited to announce that after extensive in-house testing and several successful field tests, we have commercialized our new, patent pending SmartStop Isolation Technology," said Chad Murray, TEAM's President of Mechanical and Onstream Services Group. "TEAM has a long track record of providing integrated solutions to our end markets, which drive safety, reliability, and productivity improvements for our clients' assets. This new integrated solution offering combines our engineering and manufacturing capabilities and provides material traceability and quality assurance.  TEAM's research and development group spent several years developing and testing a new double block and bleed line isolation technology which increases isolation integrity and overall safety. This new technology reduces total project execution times and in turn, our clients' overall costs, further strengthening our competitive advantages in the hot tapping industry."

SmartStop Isolation Technology

TEAM's new SmartStop technology is raising safety and productivity standards to new levels for hot tapping and line intervention applications. The proprietary technology features a self-energizing, dual seal system within a single standard line stop fitting, reducing the number of pipe alterations required to safely perform a double block and bleed isolation.  Additionally, the patent pending system utilizes an innovative guide rail that has fewer moving parts and minimal degrees of freedom, creating more reliable isolation head insertion and retraction. These innovations eliminate the need for complicated hydraulics or pivot points that are failure mechanisms in competitive tools. In total, SmartStop surpasses competitive line stop technologies in safety, reliability, and critical asset protection. 

As part of the product launch, TEAM has started rolling out this new technology to clients and different operating regions in the United States.  To learn more about this new proprietary isolation technology or speak with a subject matter expert, e-mail your contact information to SmartStop@teaminc.com or visit our website at www.teaminc.com.

About Team, Inc.

Headquartered in Sugar Land, Texas, Team, Inc. (NYSE: TISI) is a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions. We deploy conventional to highly specialized inspection, condition assessment, maintenance and repair services that result in greater safety, reliability and operational efficiency for our client's most critical assets. Through locations in more than 20 countries, we unite the delivery of technological innovation with over a century of progressive, yet proven integrity and reliability management expertise to fuel a better tomorrow. For more information, please visit www.teaminc.com.

Contact:
Kevin Smith
Senior Director, Investor Relations
(281) 388-5551

View original content:https://www.prnewswire.com/news-releases/team-inc-announces-commercialization-of-new-smartstop-isolation-technology-301347459.html

SOURCE Team, Inc.

FAQ

What is SmartStop Isolation Technology launched by Team, Inc. (TISI)?

SmartStop is a proprietary technology designed to improve safety and productivity in hot tapping and line intervention applications.

When was the SmartStop Isolation Technology announced by Team, Inc.?

The SmartStop Isolation Technology was announced on August 3, 2021.

How does SmartStop Isolation Technology enhance safety?

It features a dual seal system that reduces the number of pipe alterations required, increasing isolation integrity and overall safety.

Where is Team, Inc. (TISI) rolling out the SmartStop technology?

The rollout of SmartStop technology is commencing in various operating regions in the United States.

What are the benefits of Team, Inc.'s SmartStop technology for clients?

It aims to reduce project execution times and costs while providing improved safety and reliability.