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Augmented Reality: Commercial Agreement between Tienovix Oilfield Technologies LLC & Hydro Drilling S.r.l.

Tienovix Oilfield Technologies LLC (“Tienovix”) and Hydro Drilling S.r.l. (“Hydro Drilling”) are pleased to announce the two companies have entered into a commercial agreement for the integration of Augmented Reality (“AR”) into the energy and construction industries. Utilizing an innovative approach in leveraging cutting-edge Artificial Intelligence (“AI”) and AR technologies in the energy and construction arenas, both companies will be positioned to offer groundbreaking solutions to the energy and construction industries by enhancing the human-machine interface

The commercial partnership of Tienovix and Hydro Drilling will lead to new approaches in enhancing safety, accuracy, and efficiency in energy-related services, and will distill significant value to both Tienovix and Hydro Drilling. Hydro Drilling’s Chairman, Irene Umansky, indicated that “not only will the integration of respective technologies between Hydro Drilling and Tienovix dramatically improve Hydro Drilling’s delivery of energy services, but more importantly, will dramatically improve various aspects of health and safety of its people when delivering those services. Replicating the current successes, we’re currently realizing at Hydro Drilling’s bottom line, using Tienovix’ technologies, we are well positioned to delivering the same success to the market. All companies should be allowed the opportunity to maximize the safety of their employees whilst maximizing bottom line returns”.

Tienovix and Hydro Drilling, through their commercial partnership, are determined to work towards preserving and enhancing the human condition by providing innovative advancements in human-machine interaction. Tienovix’ CEO, Ryan Alvey, stated that “the space-age human-interface technology developed by Tienovix, in combination with Hydro Drilling’s over 40 years of superior energy-related know-how, will combine to provide unique synergy between Tienovix and Hydro Drilling.” Both Mr. Alvey and Mrs. Umansky agree that this synergy will result in a paradigm shift in how energy-related services are delivered. Mr. Alvey indicated this will result “in dramatically increased future value being to both Hydro Drilling and Tienovix.”      

About Tienovix

Tienovix is a worldwide leader in space-age mixed-reality and AI technology. Tienovix is developing a world-class intellectual property portfolio to protect and market its proprietary technology and brands. Tienovix is actively pursuing US and international patent and trademark protection for its innovative products and ideas. Well beyond the state-of-the-art, Tienovix hsas developed a portfolio of patent-pending technology, including AR systems that are capable of interactively guiding a remote user in performing various tasks.

About Hydro Drilling

Founded in 1976 and with an overreaching operational footprint spanning through Europe, North Africa and the CIS, Hydro Drilling is committed to delivering world-class energy-related customer service and top-of-the-line drilling contract equipment and services for the energy sector. Hydro Drilling’s product lines have grown substantially over the years and now include contract drilling services, rental tool services, operations and maintenance platforms, and the newly formed product line of distribution of Tienovix AR, procedural guidance systems.

For further inquiries, please contact:

Ramy Danial | Chief Financial Officer 1331 Gemini Ave.  STE 315  | Houston, TX 77058 +1 281.928.8428  | ramy.danial@tienovix.com  | www.tienovix.com

 

 

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