RADNOR, Pa.--(BUSINESS WIRE)--Preferred Sands, one of North America’s largest proppant, well logistics and resin technology companies, today announced it has been named to Deloitte’s 19th annual Technology Fast 500™. This exclusive ranking features the nation’s fastest growing technology, media, telecommunications, life sciences and clean technology companies and Preferred Sand’s inclusion recognizes the company’s success in driving increased demand for its environmentally sensitive innovations within the oil and gas industry.
Preferred Sands is committed to creating a high-quality product and service portfolio that provides customers with sustainable solutions. The company recently launched Garnet and Pearl, its proprietary, non-phenolic resin-coating sand (RCS) technology. Developed in conjunction with The Dow Chemical Company [NYSE: DOW], Preferred’s RCS product line is the industry’s first, high-performing alternative to traditional phenolic-based resins, which significantly reduce the level of contaminates used during hydraulic fracturing. In addition to its RCS technology, Preferred Sands also offers customized distribution and product fulfillment solutions through Preferred Pipeline, which leverages the company’s extensive rail and trucking network to provide a centralized supply chain structure minimizing significant rail car, trucking and terminal costs.
“Preferred Sands’ inclusion on Deloitte’s Technology Fast 500™ is a tremendous honor,” said Michael O’Neill, founder and CEO of Preferred Sands. “As a company, we take pride in offering customizable, turnkey solutions that allow for a simpler, more sustainable drilling process. And our continued success in driving demand for the use of environmentally sensitive alternatives within the industry is further proof that our non-phenolic resin coating and innovative supply chain solutions are not simply gaining traction, but fast becoming the industry standard.”
With sustainability and innovation at the core of Preferred Sands, the company is continuing to develop technologies that minimize environmental impact and enhance business operations. Providing customers with outstanding performance-to-cost value, Preferred Sands RCS product line and Pipeline enable well operators to substantially improve operational efficiencies while still curtailing expenses and increasing social responsibility.
To learn more about Preferred Sands, please visit www.preferredsands.com.
About Preferred Sands
Preferred Sands, headquartered in Radnor, PA, is one of North America’s largest manufacturers and providers of frac sand for oil and natural gas companies in the hydraulic fracturing industry. Launched in 2007 Preferred Sands is the market’s only commercial manufacturer with an available green technology in resin-coated sand. With this innovative product development and reclamation projects, the company is not only committed to the protection of the environment but also the health and safety of the communities it serves. With strategic plant locations in Arizona, Minnesota, Nebraska, Wisconsin and Canada, the company has core competencies in logistic transportation. Preferred Sands has been named to Inc. 500’s prestigious annual list of “Fastest Growing Private Companies in America” (2013) as well as one of Pennsylvania’s “Best Places to Work”. CEO, Michael O’Neill, has also been named Ernst & Young’s Entrepreneur of the Year® in Energy, Cleantech and Natural Resources (2012) and SmartCEO Magazine’s CEO of the Year (2012).
About Deloitte’s 2013 Technology Fast 500™
Technology Fast 500, conducted by Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies – both public and private - in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2008 to 2012.
In order to be eligible for Technology Fast 500 recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America.