Eaton Forms Strategic Partnership With SymCom Inc. to Meet Growing Needs of Oil and Gas Industry.Business Editors PITTSBURGH--(BUSINESS WIRE)--May 10, 2004 Diversified industrial manufacturer Eaton Corporation This article is about an industrial manufacturer. For other meanings see Eaton. Eaton Corporation (NYSE: ETN) is a diversified industrial manufacturer with 2006 sales of $12.4 billion, putting it at 198 on the Fortune 500 for 2007. today announced a strategic partnership with SymCom, Inc. to provide complete pumping control system solutions to the oil and gas industry. This partnership will allow Eaton to take advantage of the growing interest in Coalbed Methane Coalbed methane is a form of natural gas extracted from coal beds. In recent decades it has become an important source of energy in United States, Canada, and other countries. (CBM CBM Commodore Business Machines CBM Coalbed Methane CBM Christoffel Blindenmission CBM Condition Based Maintenance CBM Confidence-Building Measures CBM Curriculum Based Measurement (education) CBM Cubic Meter ), in response to President Bush's Clean Skies legislation. "Federal legislation has increased the country's reliance on natural gas," said Jim McGill, vice-president and general manager, Industrial Controls Division, for Eaton's electrical business. "While CBM is a significant source of natural gas, extracting it requires a sophisticated pumping process similar to what Eaton and SymCom deliver for conventional oil pumping methods. Together, we offer customers in both conventional and growth industries the hardware, technical support and oil and gas industry experience they won't find anywhere else." SymCom provides customers with a single-source for automated controls for new drilling programs, retrofits and existing wells. System services include the integration of AC Drive packaging with instrumentation, pump off control and Telemetry telemetry Highly automated communications process by which data are collected from instruments located at remote or inaccessible points and transmitted to receiving equipment for measurement, monitoring, display, and recording. systems. Field services include onsite project estimation, factory authorized start-up, system commissioning and comprehensive technical support that maximizes uptime. Eaton provides AC Drive technology designed exclusively for the specialized needs of the oil and gas industry. Products such as the BP9000 and BPX BPX Business Process Expert BPX Business Process eXcellence (Delphi Group event) BPX Burning Plasma Experiment BPX British Petroleum Exploration BPX Broadband Packet Exchange BPX Bus Parcel Express (Canada) 9000 AC Drives minimize energy and operating costs and maximize productivity by: delivering precise motor control; reducing power usage and mechanical stress; enabling costly NEMA NEMA National Electrical Manufacturers Association NEMA National Emergency Management Agency NEMA National Emergency Management Association NEMA Nottingham East Midlands Airport (UK) D design motors to be replaced by standard NEMA B design motors, thereby lowering overall installation costs; and offering 24/7 field service support. "Our SymCom design engineering team has over 25 years of experience in the application of drive systems, PLC's, PC-based control, RF wireless technologies, SCADA (Supervisory Control And Data Acquisition) A process control application that collects data from sensors and machines on the shop floor or in remote locations and sends them to a central computer for management and control. , Telemetry, and instrumentation systems," said Bobby Mason, president, SymCom Inc. "Our goal is to keep customers up and running with the best technology available. Our ability to accomplish this goal has greatly improved with the Eaton partnership." In the electrical industry, Eaton is a global leader in electrical control, power distribution, and industrial automation products and services. Through advanced product development, world-class manufacturing methods, and global engineering services and support, Eaton's electrical business provides customer-driven solutions under brand names such as Cutler-Hammer(R), Durant(R), Heinemann(R), Holec(R) and MEM (MicroElectroMechanical) See MEMS. (R), which globally serve the changing needs of the industrial, utility, light commercial, residential, and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and markets. For more information, visit www.eatonelectrical.com. Eaton Corporation is a global diversified industrial manufacturer with 2003 sales of $8.1 billion that is a leader in fluid power systems; electrical power quality, distribution and control; automotive engine air management and fuel economy; and intelligent systems for fuel economy and safety in trucks. Eaton has 51,000 employees and sells products to customers in more than 100 countries. For more information, visit www.eaton.com. SymCom, Inc. is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. focused on the engineering, development, manufacturing and field service of controls for the Oil and Gas industry. SymCom's U.S. operations are located in Alabama, Louisiana, Oklahoma, and Nevada. Internationally, SymCom utilizes Eaton - Electrical Engineering Services Group (E-EES) and other technical business agents for sales, application support and field service. SymCom's design engineering team has over a quarter century experience in the application of drive controls and automation equipment. For more information, visit www.symcomtech.com. |
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