Horizon in Talks with Remote Terminal Unit Technology Manufacturer

Company investigating smart pumping solutions

HOUSTON--()--Horizon Energy Corporation (OTCQB: HORI) is in talks with Beijing ECHO Technologies Company, Ltd. to supply rod pump controller technology for oil and gas well head monitoring and control. Horizon has pre-ordered samples of the equipment for field testing and is expecting the first shipment to arrive within the coming days. The equipment uses Remote Terminal Unit (RTU) technology to enhance production which:

  • Maximizes total output
  • Reduces operational expenses
  • Improves pump efficiency
  • Extends equipment life
  • Reduces risk to people and equipment
  • Decreases energy consumption and waste
  • Streamlines data collection

As an RTU expert, Beijing-based ECHO Technologies holds more than one hundred intellectual properties in RTU and automation technology, and several trademarks, patents and software copyrights.

“There is great interest in intelligent pumping solutions in the oil and gas industry. We are very pleased to preview ECHO’s products as part of our efforts to offer these types of solutions that maximize oilfield output,” said Robert Bludorn, Chairman and CEO of Horizon Energy, commenting on Horizon’s entry into this field of technology. He added, “Intelligent pumping systems are an investment to maintain and improve oilfield production. Some operators of small to medium-sized oilfields may be reluctant to make large capital investments in new oil wells. In such an environment, the goal is keeping existing wells consistently pumping and doing so at an optimum level.”

A Remote Terminal Unit (RTU) is the basic unit of Supervisory Control and Data Acquisition (SCADA) systems. By acquiring the data on site, SCADA systems can monitor and control a production system with remote and dispersed production units. Composed of several to hundreds of input/output points, RTU’s can be installed near the measuring site to monitor and control field signals and industrial equipment. The RTU has two basic functions: Data acquisition and processing, and data transmission. However, most RTUs include many more advanced functions.

About Horizon Energy Corporation

Horizon Energy Corporation was incorporated in the state of Wyoming in 2010. Its business model and scope of operation includes traditional and nontraditional energy sector opportunities. It is currently in the business of acquiring, discovering and developing oil and gas properties. Additional information is found at www.horizonenergyusa.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

Contacts

Horizon Energy Corporation
Robert Bludorn, 228-822-4708
Chairman and CEO

Release Summary

Horizon Energy Corporation (OTCQB: HORI) is in talks with Beijing ECHO Technologies Company, Ltd. to supply rod pump controller technology for oil and gas well monitoring and control.

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Contacts

Horizon Energy Corporation
Robert Bludorn, 228-822-4708
Chairman and CEO