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Energy Stock Alert for Oil and Gas Stock Hemiwedge Industries (OTCPK: HWEG)
Delta B.C. - March 19, 2010 (Investorideas.com energy newswire) - www.InvestorIdeas.com and its leading oil and gas investor portal, www.OilandGasStockNews.com report recently profiled showcase stock Hemiwedge Industries (OTCPK: HWEG) stock price has more than doubled for the month of March 2010. (See stock chart below)
Hemiwedge Industries (OTCPK: HWEG), with its Hemiwedge® Cartridge valve product line, targets ANSI class and API 6D applications including refining, mining, process, pipeline, mid-stream and petro-chemical markets.
The patented product technology is a quarter-turn "hemispherical wedge" valve engineered to provide substantial technological improvements as compared to legacy traditional ball and gate valve designs in the marketplace. This advanced technology allows better performance, lower maintenance costs, and significantly reducing downtime in a wide range of applications.
The Company commercialized its Hemiwedge® Cartridge valve product line in late 2007 originally targeting oil & gas, processing and pipeline markets. ISO and API 6D approvals were obtained in April 2008, opening up additional market segments.
On December 8, 2009 Hemiwedge Industries announced that its Hemiwedge Valve Corporation ("HVC") subsidiary received a new purchase order for approximately $1.1 million dollars from a major mid-stream energy pipeline, storage and oil & gas production company in North America.
Full news release: http://www.investorideas.com/CO/HWEG/news/1208.asp
The Valve Manufacturers Association http://www.vma.org/ reports the size of the Industrial Valve Market for 2009 domestically was approximately $3.2 billion. The Company believes the Severe Service market is approximately $700 million domestically for 2009 and growing.
Hemiwedge Industries (OTCPK: HWEG) current Customers include:
Kinder Morgan - CO2 Flooding service, PPG - Chemical Process service, Mosaic - Potash Solution mining, Black Gold - drilling mud service, Alleghany Energy - Slurry service, Praxair - Nitrogen dryers and Samir Refinery - Isolation/block valves.
Hemiwedge Industries (OTCPK: HWEG) Profile Page on Investorideas.com
http://www.investorideas.com/CO/HWEG/
Stock Chart:
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For info about Hemiwedge Industries (OTCPK: HWEG):
Matt Flemming, CFO
936-539-9661
matt@hemiwedge.com
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Dawn Van Zant: 800-665-0411 - dvanzant@investorideas.com
Source – Investorideas.com
Published at the Investor Ideas Newswire
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