DENVER–(BUSINESS WIRE)–Cartasite, a leading provider of wireless sensing technologies that help businesses proactively adapt to change, announced today it has received notice from the US Patent and Trademark Office that a new patent has been allowed (US20140091141 A1). The invention promises to significantly reduce paperwork, eliminate human error, and ensure regulatory compliance at a time when the industry is facing an unprecedented need to streamline operating costs.
Today, more than 1.5 million oil wells operate within the United States, each of which requires a simple tag for theft protection that must be replaced every month. The tags’ stamped numbers are copied by hand and, at the end of the month, matched to the metal tag that seals the well. This simple process helps to prevent oil theft but often creates a multitude of false alarms. Carelessly written numbers often result in misreads, which then result in millions of man-hours wasted every year in the protection of wells that never actually experienced wrongdoing.
Cartasite’s new invention provides a failsafe alternative to the current, error-prone methods of well protection. Using the same principle of tag identification numbers, Cartasite has created a digital recording method through barcodes and plastic tags. Once implemented into the well security system, these high-tech tags eliminate misreads and false alarms. “We are excited about the heightened security of oil wells that these tags guarantee,” commented David Armitage, CEO of Cartasite.
Without the risk of mistakes from simple misreads and the resulting necessary precautions and responses, countless dollars and man hours are saved throughout the course of a single year. Companies can then apply these savings to addressing real problems.
About Cartasite
Cartasite® was formed in 2004 with the goal of delivering practical technology solutions that enhance safety, security, and operating efficiency for corporations worldwide. With deployments worldwide, customers rely on Cartasite’s real-time monitoring systems to produce results that enhance operating efficiency, save lives, and protect the environment.
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