Halliburton Energy Services, Inc., a business unit of Halliburton (NYSE: HAL), announced today that it has made a significant strategic investment in Prime Photonics, LC, a leader in developing photonic sensors for harsh environments. As part of Halliburton Energy Services' overall fiber optics initiative, Prime Photonics' sensors will offer substantial advantages over most currently utilized electronic and mechanical devices, allowing reduced production costs, optimized recovery and increased profitability in oil and gas production.
"Halliburton is enthusiastic about our investment in Prime Photonics, and our relationship with this excellent team of researchers and technologists in fiber optic sensing," said Edgar Ortiz, chief executive officer of Halliburton Energy Services Group. "We are confident that Prime will provide us with world class sensing capability for serving our oil and gas company clients' wellbore monitoring and other upstream and downstream needs."
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