ACHI -- AmeriChip Targets the Multi-Billion Dollar Oil Drill Manufacturing Business Analyst Update From IPOdesktop.com
LOS ANGELES, Oct 3, 2006 (PrimeZone Media Network via COMTEX) -- IPOdesktop analyst Francis Gaskins comments on how AmeriChip International (ACHI) targets the billion dollar oil drilling business with a faster, better, cheaper process. This analyst update is based on ACHI's press release dated October 2, 2006 gaskinsco.com (click).
26 Times More Pipe Can Be Produced
According to AmeriChip President and CEO, Marc Walther, "Normal threading of a pipe takes 20 minutes. With ACHI's patented Laser Assisted Chip Control (LACC) process, a pipe can be threaded every 45 seconds.
"Therefore, with the LACC process an oil drill manufacturer can produce over 26 as many threaded pipes with no increase in capital and labor," he concluded.
Quality Is Critical
Smooth threads
An equally important advantage, according to Francis Gaskins, IPOdesktop analyst, is that ACHI's patented laser assisted chip control process produces oil well drilling pipes with smooth threads.
Strong joints
Pipes with smooth threads are much stronger at the joints, according to Gaskins, and, "If the threaded groove does not properly mate with the coupling then the pipe creates a void which allows pressure to build, leak and break." In other words, the weak oil well drilling link is uneven threading at the pipe joints.
Oil drilling pipe breakage is costly
When an oil-well pipe breaks at a well site, time, money and production are lost. Pipes that break down hole must be drawn back up, bringing with it all the other pipes in the well. Production can be halted for hours, sometimes days, until the repairs are completed. Sometimes the entire drilling effort must be halted at the problem location.
Initial Analyst Report
gaskinsco.com
Growth Plan Update
worldtalkradio.com
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IPOdesktop.com, the leading provider of independent IPO research for professional money managers and individual investors, also produces the IPO Hardball radio program. IPOdesktop editors are quoted by The Wall Street Journal, Dow Jones Newswires, MarketWatch, Reuters, USATODAY, and others. IPOdesktop editors also co-host financial programs at World Talk Radio, the largest Internet's Talk station.
SOURCE: IPOdesktop.com; AmeriChip International, Inc.
By Staff
CONTACT: AmeriChip International R. Windsor 905-898-2646 r.windsor@americhiplacc.com americhiplacc.com
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