- In October 2024, AMETEK enriched its portfolio with the strategic acquisition of Virtek Vision in Q3 2024, strengthening and expanding its portfolio capabilities in advanced metrology instrumentation, thus investing in the growth of the precision technology market. Further innovation and growth within the Company's instrumentation division is fueled by this acquisition
- In September 2024, LightPath Technologies launched its new Mantis camera worldwide to monitor high-temperature processes in boilers and furnaces of power plants. The advanced camera supports applications such as flare monitoring for industrial efficiency and safety. The first commercial order was for furnace inspection by a customer in the Southeastern US. It marked the company's shift from making components to providing optical technology solutions
- In July 2024, Flotek Industries' JP3 Analyzer was approved by EPA for oil and gas flare monitoring, meeting the new NSPS OOOOb regulations. This optical analyzer assesses and measures the net heating values in flare gases with a high degree of accuracy, ensuring cleaner and more efficient operations. The approval marks a significant advance in flare regulation compliance within the oil and gas sector
- In July 2024, JP3 Measurement, a provider of innovative analytical measurement solutions and a wholly owned subsidiary of Flotek Industries, announced that the Environmental Protection Agency (EPA) has approved its system for compliance with the latest flare regulations. This cutting-edge optical instrument, was developed for accurate measurement of Net Heating Values (NHV) in flare gases. This approval supports the oil and gas industry's efforts to achieve more efficient and cleaner operations
- In March 2024, Baker Hughes, an energy technology firm, announced a significant advancement in flare emissions monitoring through a collaboration with bp, an oil and gas company. By utilizing Baker Hughes’ flare.IQ emissions abatement technology, bp is now able to quantify emissions of methane from its flares—a new application in the upstream oil and gas sector
