BlueFire Attorney Finalizing Patent Application

BlueFire Attorney Finalizing Patent Application

Offshore production equipment design adds to BlueFire's intellectual property

HOUSTON--(BUSINESS WIRE)-- BlueFire Equipment Corporation (OTCQB:BLFR) announced today that its patent attorney is reviewing and finalizing a provisional patent application for its proprietary offshore production equipment. The new equipment design is yet another platform in BlueFire's growing portfolio of intellectual property, and is being filed as a direct result of recent meetings with an oil major regarding technology development.

Chairman and CEO of BlueFire Equipment William A. Blackwell said, "We are working very hard to file this application as fast as possible to protect our design so we can move straight into development of this exciting new technology." He added, "Finding solutions to safely produce high-temperature, high-pressure wells have the potential to unlock some major oil and gas reserves."

BlueFire's first patent filing related to its polycrystalline diamond cutter (PDC) drill bit technology was issued on January 24, 2012 as U.S. Patent 8,100,201. A second patent disclosing further claims for PDC drill bits and methods is currently under review by the United States Patent and Trademark Office, file number 12/833,413.

As previously announced, BlueFire's proprietary PDC drill bit may provide much faster and longer drilling, without the need to stop and pull the entire drill pipe out of the well to replace a spent bit. According to company findings, some wells can be drilled using a BlueFire bit without a single bit change, potentially saving drillers considerable time and money.

Details about BlueFire Equipment Corporation and information about obtaining a quote are available at www.BlueFireEquipment.com.

About BlueFire Equipment Corporation (BLFR)

BlueFire Equipment Corporation designs and manufactures proprietary drilling technologies for use in the exploration and production of oil and gas in the United States. It sells and leases various sizes of polycrystalline diamond cutter (PDC) drill bits to drilling contractors and oil and gas companies. BlueFire Equipment Corporation was founded in 2008 and is headquartered in Houston, Texas, where other major exploration and production companies have a presence.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

BlueFire Equipment Corporation
William Blackwell, 866-713-3700

KEYWORDS: United States North America Texas

INDUSTRY KEYWORDS:

The article BlueFire Attorney Finalizing Patent Application originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.