Profire Energy
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| Company type | Public |
|---|---|
| Nasdaq: PFIE | |
| Industry | Oil and Gas industry |
| Founders | Brenton Hatch Harold Albert |
| Headquarters | Lindon, Utah |
Area served | Worldwide |
Key people | Cameron Tidball (Co-CEO, Co-President) Ryan Oviatt (Co-CEO, Co-President, CFO) |
| Revenue |  US$ 58.21M (2023)[1] |
| US$ 10.78M (2023)[1] | |
| Total assets | US$ 66.29M (2023)[1] |
| Total equity | US$ 56.84M (2023)[1] |
Number of employees | 124 (2024) |
| Website | profireenergy |
Profire Energy, Inc. is an oilfield technology company, specializing in the design of burner-management systems (BMS) and other combustion-management technologies. They serve the upstream and midstream portions of the oil/gas industry, providing systems that monitor and manage the burners used in the industry's combustion vessels (e.g. tanks, dehydrators, separators, etc.). Profire has offices in Lindon, Utah; Victoria, Texas; Midland-Odessa, Texas; Homer, Pennsylvania; Greeley, Colorado; Millersburg, Ohio; and Acheson, Alberta, Canada.[2]
History
[edit]Profire Energy was established in Alberta, Canada[3] in March 2002 as a private company ("Profire Combustion").[citation needed] Brenton W. Hatch (now CEO), Harold E. Albert (now COO) co-founded the company to service oil/gas producers, but soon created a control panel for the management of burners, a system called the Profire 1100. After a few years of continued development, the company made the decision to go public (in 2008) under the name Profire Energy, Inc. (OTCBB: PFIE). They have since developed additional (and more advanced) products, opened multiple offices throughout the US, and continued development of their product line for domestic and international use.[citation needed]
Markets
[edit]Profire Energy predominately serves the North American upstream and midstream oil/gas industry, but announced a Brazilian distribution channel in early 2012, as well as an Australian distribution channel in early 2014.[4]
References
[edit]- ^ a b c d "Profire Energy, Inc. financials".
- ^ "Profire Energy Reports Financial Results for First Quarter 2024". Energy News, Top Headlines, Commentaries, Features & Events - EnergyNow.com. Retrieved 2024-08-21.
- ^ "D&B Business Directory-Profire Energy". www.dnb.com. Dun & Bradstreet, Inc. Retrieved 10 June 2024.
- ^ "Newswire Services".
