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eProduction Solutions, Inc. announces iBEAM, a revolutionary Rod Pump Controller

April 15, 2003, Kingwood, TX

eProduction Solutions (eP), a leader in automation and optimization for production oil and gas fields, announced today the release of iBEAM (patent pending), eP’s newest addition to their family of Rod Pump Controllers (RPCs). The iBEAM adds a low-cost option to eP’s range of rod pump solutions.

An inexpensive solution for optimizing lower producing wells

iBEAM features simple cableless installation, load and position technology, integrated SCADA communications, wireless control, and low maintenance all in a completely self-contained, low cost unit. Dharmesh Mehta, president of eProduction Solutions, stated, “We achieved our goal of providing what the customers wanted, a low cost solution with high tech capabilities.”

eP’s field proven technology used on over 25,000 wells was incorporated into the development of the iBEAM. The iBEAM can be installed easily by attaching the built in clamp to the beam and establishing with wireless connection with the control switch. The iBEAM boasts no cables so there are no ditches to dig and more importantly, there are no cables to wear out. The unit contains SCADA communications, solar power supply, load and position sensors, and integrated intelligence to remotely operate the wells.

About eProduction Solutions, Inc.

Founded in 2001, eProduction Solutions, Inc., is the world’s leading production operations automation/optimization company. The company provides solutions that help lower production costs and increase production by delivering tools and training that foster innovative approaches to optimizing production. eP helps customers leverage technology to work better, faster, and smarter. For more information about the company, see www.ep-solutions.com.

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