HOUSTON, June 25, 2019 (GLOBE NEWSWIRE) -- U.S. Well Services, Inc. (NASDAQ:USWS) today announced that it has entered into an agreement with AmeriMex Motor & Controls, LLC. ("AmeriMex"), a subsidiary of Industrial Service Solutions. Under the terms of the agreement, AmeriMex will provide electric motors exclusively to USWS as it relates to electric hydraulic fracturing.USWS and AmeriMex jointly developed an electric motor tailored for hydraulic fracturing applications utilizing insights gained from data collected by USWS's FracMD® technology and the Company's five year operating history with electric fracturing fleets.U.S. Well Services has utilized these world-class, fit-for-purpose motors on each of its three newbuild electric fracturing fleets deployed in 2019, and is currently constructing a fourth newbuild electric fleet using the motors, which is contracted and expected to begin working for a supermajor in the Permian Basin in early 2020.Wade Stockstill, President of AmeriMex and Executive Vice President of Industrial Services Solutions, stated, "We are pleased to formalize our long-time partnership with USWS. They have been a pioneer in electric fracturing technology and remain the market leader in electric hydraulic fracturing services. U.S. Well Services' extensive operating history using electric fracturing fleets is a testament to its unique position in this market. We look forward to growing our relationship with U.S. Well Services and serving as a long-term partner for many years to come."Joel Broussard, President and Chief Executive Officer of U.S. Well Services commented, "Our partnership with AmeriMex and exclusive arrangement with its motors will strengthen our competitive advantage and support our ability to capitalize on increasing demand for electric fracturing services. These efficient, compact motors are the only field-tested motor with a proven track record ...Full story available on Benzinga.com
