| SilverSmith, Inc. Gas Measurement Products Pass Independent Review |
| SilverSmith Inc. Issued U.S. Patent for it’s Wireless Well Communication System and Method |
| SilverSmith Inc. Completes Real-Time Testing of Products for Custody Transfer |
SilverSmith Inc. Completes Real-Time Testing of Products for Custody Transfer SilverSmith Inc. announces that it’s line of metering products have been submitted to real-time testing and achieved accuracy within the defined limits of custody transfer meters. Working with Ronald E. Beaty PE and Premiere Measurement Services; SilverSmith, Inc. refined and verified it’s metering processes and calculations with marked improvements in both efficiency and accuracy. The products were submitted to the Southwestern Research Institute (SwRI) for real-time testing. Across the board, SilverSmith’s metering products performed excellent in run by run basis comparisons. The SilverSmith products showed an overal absolute difference of only 0.24% with 0.22% scatter. The resulting overall difference on a run by run basis equals 0.46%, not accounting for SwRI’s published uncertainty of 0.15%. These achieved results are well within the defined tolerances of a Custody Transfer Meter and the SilverSmith, Inc. metering products have been approved for use as such. Ronald E. Beaty is the Vice President of Engineering and Operations at Premier Measurement Services, Inc., where he serves as the Chief Operating Officer of the corporation. He holds a Bachelor of Science in Petroleum Engineering from the University of Tulsa. Mr. Beaty is a Registered Professional Engineer in Texas and Oklahoma. SilverSmith, a privately held corporation, designs and manufactures systems for remote well monitoring and control. The company's product offerings combine state-of-the-art hardware and unique, patented transmission systems linked to our proprietary internet based monitoring system. Currently focused on the oil and gas industry, the company has systems implemented worldwide. |