Dotz Nano (ASX:DTZ) secured the first commercial order for the company’s DotzShield marking solution from a major U.S. oilfield technology services provider. The transaction is valued at approximately $340,000.
DotzShield enables real-time detection and dosage management of corrosion inhibitors used in the oil and gas industry.
Traditionally, detecting and quantifying corrosion inhibitors in oilfield drilling fluids required sending samples to off-site laboratories, a process that could take weeks or even months. However, DotzShield allows for on-site monitoring, which reduces analysis time and avoids the costly risks associated with over- or under-dosing of corrosion inhibitors.
This order follows five years of joint collaboration and development between Dotz Nano and the customer, which included scale-up and field testing of the technology at various sites across North America.
The sale marks an important milestone in Dotz Nano’s journey to commercialization, validating the practical application of its labeling solution in industrial settings.
Dotz Nano shares are trading down 3% at 9.7 cents.
