Enteq Technologies Positive steps to full commercialisation of the SABER technology

Enteq Technologies plc (LON:NTQ), the specialist energy services engineering and technology company, has provided an update on the progress of the SABER Tool (Steer-At-Bit Enteq Rotary) technology.

Commercialisation highlights:

•           The Company has a customer contract in place, as previously announced, which includes a first phase of customer testing. Customer testing, in Australia, is expected to commence in this financial year to 31 March 2024 (FY24). A purchase order has been received and US$100,000 is expected from the customer in H1FY25 for future commercial services. Commercial services in FY25 would commence following successful customer testing. An advanced shipment of SABER equipment (all heavy equipment for the initial kit) to Australia has left Enteq’s facility in Houston.

•           The build programme for further equipment is progressing as planned.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Enteq Technologies plc

More articles like this

Enteq Technologies plc

Understanding Methane Capture

Since the advent of the industrial revolution, man has continued to explore distinct ways of fulfilling energy needs. One of these techniques heavily relied upon is the extraction and burning of fossil fuels, an activity largely

Enteq Technologies plc

Enteq Technologies expects revenue of $900k for 2024

Enteq Technologies expects to report revenue of about $900,000 for the financial year ended 2024, down from $6.2 million posted for financial 2023. The company says this reflects its sale of the XXT business for about

Enteq Technologies plc

Unlocking the potential of Geothermal Energy in the US

A limitless supply of heat exists beneath our feet within the Earth’s crust, but harnessing it at scale has proved challenging. Now, a combination of new techniques, government support and the pressing need to secure continuous

Enteq Technologies plc

Geothermal Heat: An Untapped Alternative to Gas

Geothermal energy is a suitable alternative to gas in Hungary, said one expert in response to the suggestion that Hungary could heat with geothermal energy instead of natural gas. Hungary’s geothermal heat flow, or simply put,

Enteq Technologies plc

Geothermal Energy: The future of US energy production?

Though geothermal represents only a tiny fraction of current US energy production, several businesses and President Joe Biden’s administration are betting on technological advances to make it a backbone of the green transition. “If we can

Enteq Technologies plc

DOE report charts pathways for next-generation Geothermal Power

The release of the report, “Pathways to Commercial Liftoff: Next-Generation Geothermal Power”, by the U.S. Department of Energy (DOE) marks a pivotal moment in the recognition of geothermal innovation as a cornerstone for accelerating global decarbonization.

Enteq Technologies plc

EGS technology for efficient and renewable Geothermal Energy

Imagine harnessing the Earth’s natural heat to power our homes and businesses, not with traditional geothermal plants, but with Enhanced Geothermal Systems! EGS: Unlocking Hidden Potential Benefits for a Greener Future Enteq Technologies plc (LON:NTQ) develops and

Enteq Technologies plc

Unlocking the potential of low-carbon Geothermal Energy

Beneath our feet lies an almost limitless source of low-carbon energy. Until now, geothermal energy has generally only been economic in regions where an abnormally hot subsurface is combined with permeability. But new technology promises to

Enteq Technologies plc

Geothermal power surges globally with 3% capacity increase

Amid the growing clamor for sustainable and clean energy sources, geothermal power has marked a significant milestone. Recent data reveals a 3% increase in global geothermal electricity-generating capacity in 2013, with the United States, the Philippines,