ProOne’s XPL+ technology is designed to reduce heat and friction under the most extreme conditions, intense heat, high pressure, mud, water.
The JV brings readily marketable products that are already being sold with a scope to reaching global markets.
PGI will utilize its staff and increase sale force to market these products in which the joint venture partners will share profits on a 50%-50% net.
ProOne’s exclusive XPL+ technology increases lubrication of the drill mud and production, and reduces hazardous products
ProOne’s technology also reduces torque and eliminates about 94% of electrolysis, and lowers operating temperatures.
US based ProOne is a manufacturer of green based, environmentally friendly products.
PGI is an energy holding company, which acquires assets in the producing oil, gas assets, refinery, pipeline sectors of the energy industry and other synergistic assets.
