|By Business Wire||
|September 4, 2014 08:08 AM EDT||
Modumetal, a leading manufacturer of next-generation nanolaminated materials, today announced the appointment of Timm Burnett as Director of North American Sales, responsible for leading the company’s growth in the oil and gas sector. Burnett, formerly a lead sales executive with oilfield services giant National Oilwell Varco, brings to this role more than two decades of experience in the oilfield services and components industry.
Prior to joining Modumetal, Burnett served as U.S. Executive Sales Team Lead for the drilling tools division at National Oilwell Varco (NOV), a leading oilfield services company. While there, he managed the profitable growth of the downhole drilling tools product lines, consistently increasing team revenues. Burnett has also held top sales positions with other large oilfield components companies, including Dowdco Bits, Varel International and Smith International, Incorporated. Burnett is also a member of the Society of Petroleum Engineers and the author of eight technical papers.
“Modumetal has already attracted a stable of leading organizations in the oil and gas industry, including Chevron, ConocoPhillips and Hess Corp., and we are poised to enter an exciting new phase of growth,” said Christina Lomasney, Modumetal CEO. “Timm comes to Modumetal with an extensive industry network and a strong understanding of the oil and gas market landscape. We are confident he will leverage this insight to accelerate the adoption of our high-performance materials within the massive North American oil and gas market.”
Modumetal’s patented class of nanolaminated materials address a key challenge facing the oil and gas industry today: the poor longevity of metal assets – such as tubulars, lifts and connector systems – primarily caused by corrosion and/or wear. To avoid mechanical or structural failure, companies are typically forced to either frequently replace cheaper metal components, or invest in substantially more expensive, durable alternatives.
“Oil and gas companies are drilling in more and more aggressive environments, leaving their metal assets increasingly vulnerable to significant corrosion and wear,” said Burnett. “It’s clear the industry needs to explore new technologies to address this growing problem. Modumetal’s unique approach to nanolamination delivers on that need, providing customers with a cost-effective, readily deployable solution. I’m looking forward to working with this talented team to bring our materials to oilfields throughout the United States.”
Modumetal is a leading manufacturer of next-generation nanolaminated materials with applications across a range of industries including the oil and gas, aerospace, automotive and construction sectors. Modumetal’s low-CAPEX manufacturing approach uses electricity, rather than heat, as its primary input, enabling room temperature operations and unlocking unprecedented materials performance at competitive costs. Modumetal has established partnerships with leading oil and gas, aerospace and technology companies, and the company’s investors include Chevron Technology Ventures, ConocoPhillips Ventures and Steel Dynamics. To learn more, please visit www.modumetal.com.