TrigPoint Solutions Inc.

TrigPoint Solutions Inc.

June 09, 2009 10:11 ET

Nabors Canada Selects TrigPoint For Assets and Operations Management

DENVER, COLORADO--(Marketwire - June 9, 2009) - TrigPoint Solutions, Inc. ("TrigPoint") announced today that Nabors Canada ("Nabors") will utilize TrigPoint's PROMPTT® System to track and manage assets across their entire drilling operations and to ensure compliance to asset certification mandates.

PROMPTT® maximizes rig assets and personnel performance using proven Radio Frequency Identification ("RFID") technology to automate asset tracking, certification and safety which, ultimately, can increase utilization of rig assets as well as reduce operational costs and rig downtime.

"In the past tracking and managing our assets across our extensive operations was a costly and difficult-to-manage practice," said Joe Bruce, chief operating officer, Nabors Canada. "We expect PROMPTT® will be effective in maintaining accurate inventory and control over our assets with the added benefit of building in a consistent inspection schedule and timely certification."

PROMPTT® is a completely pro-active, automated and paperless asset and operations management system. TrigPoint combines RFID technology, ruggedized mobile hand-held devices and interactive front-end and back-end applications to deliver a rapidly deployable system that is effective and user-friendly. RFID tags are permanently attached to rig assets to validate proof-of-presence. The hand-held devices direct users to physically visit, verify, check and perform required procedures against each of these assets. PROMPTT® acts as a virtual instruction manual, guiding users through procedures and providing feedback on performance in real time. PROMPTT® configures easily to reflect a user's specific requirements and will interface with existing ERP/EAM/CMM systems, procedures and processes. With central monitoring of all rig assets and activities via the internet, company personnel can generate helpful reports and receive automatic notifications when urgent action is required.

"PROMPTT® is practical and easy-to-use, and can be an invaluable asset to any company seeking an industry competitive advantage," said Mike Parmett, president and general manager. "TrigPoint is focused on delivering quality services to our expanding customer base. We are extremely proud to have been selected by Nabors Canada."

Nabors Canada

Nabors Canada markets a broad range of land drilling rigs, well servicing rigs and ancillary services throughout Canada. These products and services are marketed under four major product lines: Nabors Drilling, Nabors Production Services, Core Energy Solutions and Academy Services.

TrigPoint Solutions, Inc.

TrigPoint specializes in the design and implementation of unique, targeted, and easy-to-use technology solutions for the oil and gas industry. TrigPoint's automated PROMPTT® System assists customers in maximizing rig assets and personnel performance. Easy-to-use and interactive, this mobile system utilizes proven RFID technology to ensure compliance with procedures for corporate tracking, maintenance, certification and safety.

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