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17Jul 19


Broussard, Louisiana – Effective July 15, 2019, Fortress Downhole Tools (Fortress) and IQ Scan® Technology (IQ Scan) announce the execution of a worldwide exclusive License Agreement specific to downhole tools in the Energy Sector and will be marketed under the iFortress trademarked name. The innovative asset management solution developed by IQ Scan combines a 2D laser-engraved coding system with a robust cloud-based software platform to deliver a complete tracking solution of durable assets from cradle to grave. The iFortress technology has capabilities to track the number of runs on wireline setting tools or calculating run time efficiencies on a fleet of fluid ends, thus giving our customers the knowledge to make key decisions and gain critical insights into the usage and life expectancy of their assets. “We are delighted to consummate this transaction with IQ Scan in order to deliver a world-class tracking solution for our customers,” says Michael Robicheaux, President/CEO of Fortress. “We have been receiving requests for holistic tracking functionality, and iFortress powered by IQ Scan demonstrates that it can deliver solidly on that request.” “IQ Scan Technology is pleased to partner with Fortress to provide our system to iFortress”, says Glen Clark, CEO of IQ Scan Technology.…

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