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Flotek Awarded 10-Year Contract to Support a 400 MW Power Project for Puerto Rico Electric Power Authority

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HOUSTON, Aug. 3, 2026 /PRNewswire/ — Flotek Industries, Inc. (NYSE: FTK), a pioneer in advanced real-time data analytics and chemistry solutions for the energy and infrastructure sector, today announced a 10-year agreement to support natural gas-fired grid enhancement initiatives for the Puerto Rico Electric Power Authority (“PREPA”), the electric utility for the Commonwealth of Puerto Rico. Under the agreement, Flotek expects to generate a revenue backlog of approximately $400 million through the rental of gas-fired power generation equipment, together with deployment of the Company’s proprietary smart conditioning and distribution systems.

Flotek has partnered with Power Expectations LLC, which leads the group executing the Emergency Temporary Power Generation Puerto Rico project (RFP 3PPO-0314-20-TGP2). The initiative is expected to deploy 400 MW of natural gas-fired power generation capacity to address Puerto Rico’s ongoing energy crisis. Flotek is providing its proprietary PWRtek platform, including up to 40 MW of primary power generation capacity and up to six pairs of smart skids with advanced conditioning, real-time analytics, and gas distribution systems, working alongside experienced local partners for on-ground execution and project management.

Project Summary:

Rental Services: Flotek is expected to supply up to six pairs of smart conditioning and distribution skids as components of its proprietary PWRtek platform, along with up to 40 MW of primary power generation capacity. These systems are expected to deliver state-of-the-art fuel management, pressure regulation, and real-time engine optimization across the full 400 MW project, improving resiliency and performance.Contract Consideration and Timing: At full deployment, annual revenue is expected to total approximately $40 million, with a potential 10-year revenue backlog of approximately $400 million. Support equipment is expected to begin deployment in the fourth quarter of 2026, with the initial power generation equipment and conditioning and distribution skids expected by the end of the first quarter of 2027.Duration: The contract provides for a 10-year term.

Management Commentary

“This contract exemplifies the execution of our corporate strategy and strengthens the momentum of Flotek’s industrialized pivot to a data-driven technology leader,” said Dr. Ryan Ezell, CEO of Flotek Industries. “Our transformative PWRtek platform has evolved from advanced analytics into a comprehensive end-to-end fuel management and optimization solution for behind the meter power generation.  By pairing reliable natural gas-powered generation with smart conditioning, real-time analytics, and advanced distribution capabilities, we are delivering high-uptime, high-margin solutions that meet critical energy infrastructure needs. This opportunity in the utilities sector further validates the strong demand for our PWRtek platform beyond traditional oil and gas and reinforces our shift toward recurring, high-margin revenue streams.”

Conference Call Details

The Company plans to issue its second quarter 2026 financial and operating results press release after market close on Tuesday, August 4, 2026, and host its earnings conference call on Wednesday, August 5, 2026, at 9:00 a.m. CT (10:00 a.m. ET). The Company expects to discuss additional details of this contract award on the conference call.

Participants may access the call through Flotek’s website at https://ir.flotekind.com/events, by telephone toll free at 1-800-836-8184 (international toll: 1-646-357-8785), or by using the following link to access the webcast: https://app.webinar.net/dYJWBo8V8lL approximately five minutes prior to the start of the call. Following the conclusion of the conference call, a recording of the call will be available on the Company’s website.

About Flotek Industries, Inc.

Flotek Industries, Inc. is a leading chemistry and data technology company focused on servicing the Energy industry. The Company’s technologies leverage near real-time data to deliver innovative solutions to maximize customer returns. Flotek has an intellectual property portfolio of over 130 patents, over 20 years of field and laboratory data, and a global presence in more than 59 countries.

Flotek has established collaborative partnerships focused on sustainable and optimized chemistry and data solutions, aiming to reduce the environmental impact of energy on land, air, water and people.

Flotek is based in Houston, Texas and its common shares are traded on the New York Stock Exchange under the ticker symbol “FTK.” For additional information, please visit www.flotekind.com.

Forward-Looking Statements

Certain statements set forth in this press release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934).  These statements include, without limitation, statements regarding Flotek Industries, Inc.’s business, financial condition, results of operations and prospects, as well as statements regarding the expected revenues to be received under the contract, the total term of the contract, the timing of the scaling and deployment of the equipment under the contract, the total power capacity and operating performance of the equipment once deployed, and the Company’s ability to perform under and satisfy the terms and conditions of the contract. Words such as will, continue, expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release. Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks related to the overall power generation project that are outside of the Company’s control, including, without limitation, securing fuel supply, obtaining permits and governmental approvals, establishing interconnection, satisfying bonding and financing requirements, meeting construction execution timelines, integrating systems provided by multiple contractors, power interruptions, political, regulatory developments, hurricanes, tropical storms and other severe weather events in Puerto Rico, and other factors that could impact project timing, costs, or performance. The Company’s ability to realize the expected revenues under the contract is dependent upon the successful completion and operation of the overall 400 MW project, of which the Company’s scope represents approximately 10%. Further information about the risks and uncertainties that may impact the Company are set forth in the Company’s most recent filing with the Securities and Exchange Commission on Form 10-K (including, without limitation, in the “Risk Factors” section thereof), and in the Company’s other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.

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SOURCE Flotek Industries, Inc.

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Fixed Fire & Gas Detection Systems Market worth $10.86 billion by 2031 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Aug. 3, 2026 /PRNewswire/ — According to MarketsandMarkets™, the global Fixed Fire & Gas Detection Systems Market is projected to grow from USD 7.84 billion in 2026 to USD 10.86 billion by 2031, at a CAGR of 6.7% during the forecast period.

Browse 350 market data Tables and 55 Figures spread through 330 Pages and in-depth TOC on ‘Fixed Fire & Gas Detection Systems Market – Global Forecast to 2031’

Fixed Fire & Gas Detection Systems Market Size & Forecast:

Market Size Available for Years: 2021–20312025 Market Size: USD 7.41 billion2026 Market Size: USD 7.84 billion2031 Projected Market Size: USD 10.86 billionCAGR (2026–2031): 6.7%

Fixed Fire & Gas Detection Systems Market Trends & Insights:

The market is witnessing steady growth due to increasing investments in industrial safety, stricter regulatory compliance, and modernization of safety infrastructure across high-risk industries.The fixed gas detection segment is expected to grow at the highest CAGR of 8.5% during the forecast period.Electrochemical detection is expected to account for the largest market share of 29.8% in 2026.The flammable & explosive gas detection segment is expected to grow at the highest CAGR during the forecast period.The oil & gas segment is expected to hold the largest market share in 2026.North America is expected to account for the largest market share of 31.6% in 2026.

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Market growth is driven by increasing investments in industrial safety, stringent regulatory requirements, and the modernization of hazardous industrial facilities across oil & gas, chemicals & petrochemicals, power generation, manufacturing, mining, and marine industries. The expansion of LNG infrastructure, hydrogen production and storage facilities, carbon capture and storage (CCS) projects, and critical infrastructure is further supporting demand for advanced fire and gas detection systems. However, high installation and integration costs, particularly in brownfield industrial facilities, along with periodic calibration and maintenance requirements, continue to pose challenges to market adoption. Increasing focus on protecting personnel, critical assets, and industrial operations is encouraging end users to deploy intelligent fixed fire and gas detection systems capable of delivering faster hazard detection, improved operational reliability, and compliance with evolving safety standards.

The fire detection systems segment is expected to account for the largest market share during the forecast period

Based on product, the fire detection systems segment is projected to account for the largest share of the Fixed Fire & Gas Detection Systems Market during the forecast period. The segment’s growth is supported by the widespread deployment of flame, smoke, heat, and video fire detection technologies across hazardous industrial environments. Industries, including oil & gas, chemicals & petrochemicals, power generation, manufacturing, mining, marine, and transportation, continue to invest in advanced fire detection systems to improve worker safety, minimize operational downtime, and protect critical infrastructure. Increasing modernization of existing facilities, expansion of industrial projects, and stricter compliance with fire safety regulations are accelerating the replacement of conventional fire detection equipment with intelligent detection systems that offer higher detection accuracy, faster response, and seamless integration with industrial automation and emergency response systems.

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Acoustic detection technology is expected to register the highest growth during the forecast period

Based on technology, acoustic detection is projected to register the highest CAGR during the forecast period. Acoustic detection technologies, including ultrasonic gas leak detection, enable immediate identification of pressurized gas leaks by detecting ultrasonic sound waves generated during a leak event without relying on gas accumulation around the sensor. This capability makes the technology well suited for open and well-ventilated industrial environments such as offshore platforms, LNG terminals, hydrogen production facilities, refineries, petrochemical plants, compressor stations, and gas processing facilities. Increasing investments in hydrogen infrastructure, LNG projects, and industrial gas processing, together with growing adoption of predictive safety solutions and Industrial Internet of Things (IIoT)-enabled monitoring systems, are expected to support the rapid adoption of acoustic detection technologies during the forecast period.

North America accounts for the largest market during the forecast period

North America is expected to account for the largest share of the data center solutions market during the forecast period, driven by strong adoption of artificial intelligence (AI), cloud computing, and high-performance computing (HPC) technologies. The region benefits from a mature digital infrastructure ecosystem, the presence of major hyperscale cloud providers, and sustained investments in data center expansion and modernization. Growing demand for AI training, inference, and data-intensive applications is accelerating investments in advanced servers, storage systems, networking equipment, power infrastructure, and cooling technologies. The United States and Canada continue to attract large-scale data center developments due to established connectivity networks, access to capital, and strong enterprise technology adoption. In addition, increasing investments in hyperscale and colocation facilities are creating demand for scalable, energy-efficient, and software-defined infrastructure solutions. Sustainability initiatives and evolving regulatory requirements are also encouraging adoption of advanced cooling systems, intelligent power management platforms, and automation technologies. As organizations continue to expand digital capabilities and deploy AI-driven workloads, North America is expected to maintain its leadership position in the data center solutions market, supported by ongoing infrastructure investments and technology innovation.

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Top Companies in Fixed Fire & Gas Detection Systems Market:

The Top Companies in Fixed Fire & Gas Detection Systems Market are Honeywell (US), Siemens (Germany), MSA Safety (US), Dräger (Germany), Emerson (US), ABB (Switzerland), Schneider Electric (France), Johnson Controls (Ireland), Carrier Global (US), and Bosch Building Technologies (Germany).

Browse Adjacent Markets: Smart Infrastructure Market Research Reports & Consulting

Related Market Reports:

Smart Water Management Market by Hardware (Smart Water Meters, Smart Valves & Controllers, Other Hardware), End User (Residential, Commercial, Industrial) – Global Forecast to 2032

Smart Transportation Market by Transportation Mode (Roadways, Railways, Airways, Maritime), By End User (Government, Commercial Organizations) – Global Forecast to 2032

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America’s Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

MarketsandMarkets™ SalesPlay is an AI-driven Revenue Intelligence Co-Pilot designed to help revenue teams prioritize the right accounts, identify critical changes early, and surface opportunities ahead of demand, so pipeline builds naturally and deals close with greater consistency.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

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RWE and Google sign power purchase agreement for Oklahoma solar project

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Google to purchase total output from RWE’s 155 MW Crooked Creek Solar project under a 15-year agreementProject expected to create up to 250 jobs at peak construction and deliver long-term economic benefits to McCurtain County over its operating lifetimeCrooked Creek Solar will support Google’s operations in SPP, while generating affordable locally sourced electricity for Oklahoma

AUSTIN, Texas, Aug. 3, 2026 /PRNewswire/ — RWE and Google announced a new power supply contract for RWE’s first solar project in Oklahoma. The two companies signed a 15-year power purchase agreement (PPA) for the total output from the 155-megawatt (MWac) Crooked Creek Solar project in McCurtain County.

RWE plans to begin onsite construction at Crooked Creek Solar later this year, and the project is expected to enter commercial operation in 2028. Once operational, Crooked Creek will deliver electricity to help power Google’s operations in the Southwest Power Pool market (SPP), while providing long-term economic benefits to McCurtain County and surrounding communities.

Ingmar Ritzenhofen, Chief Commercial Officer, RWE Americas: “This agreement with Google marks an important milestone for RWE Americas and reflects the growing demand for affordable, reliable, domestically produced energy. Crooked Creek Solar demonstrates how strategic partnerships can accelerate new energy development while creating jobs, generating local tax revenue and strengthening communities. We’re proud to work with Google to help power its operations, while supporting Oklahoma’s continued economic growth with affordable, American-made energy.”

Will Conkling, Director of Energy and Power, Google: “Supporting a strong, stable, affordable grid is a top priority as we expand our infrastructure. Our agreement with RWE adds critical new generation to the local system, boosting the amount of affordable and reliable power supply for Oklahoma and the region.”

Crooked Creek Solar expands RWE’s commitment to safely deliver reliable and affordable power and support the local communities where it builds and operates projects. During construction, Crooked Creek is expected to generate an estimated $24.3 million in local economic activity and another $1.4 million in state and local tax revenue for McCurtain County while employing up to 250 workers onsite at peak construction. Once operational, the project will continue to generate substantial revenue for McCurtain County, totaling an estimated $25 million for county programs, local emergency medical services, the Broken Bow School District and regional technology education centers.

RWE is deeply committed to Oklahoma communities and has provided more than $100,000 in donations, sponsorships and other community-driven partnerships to date. The company looks to further deepen its roots in the state through its support for local organizations in McCurtain County.

RWE is investing in powering Oklahoma’s growing energy needs and expanding its presence in the Sooner State. In addition to the 155MW Crooked Creek Solar project under construction, RWE owns and operates the 148 MW Boiling Springs wind project in Woodward County and has another six power projects totaling 1.6 GW in development across the state.

For more information, visit americas.rwe.com.

For further inquiries:

Patricia Kakridas
Media & Public Relations
RWE Americas
M + 619-753-5206
E patricia.kakridas@rwe.com

RWE Americas
RWE Americas, a subsidiary of RWE, is a US-based energy company that is helping to meet the growing demand for energy across the United States. Backed by RWE’s 125-year global legacy of managing diverse power assets, RWE Americas operates approximately 13 GW of power projects across 27 states. With a talented workforce of 2,000 employees, RWE Americas develops, constructs and operates wind, solar and battery storage projects, along with natural gas-powered generation, that safely deliver affordable, reliable electricity to our customers. Committed to responsible development, RWE Americas invests in local and rural communities, creating jobs and partnering with stakeholders to support and strengthen the places where we live and work. Learn more about how RWE Americas is generating impact at americas.rwe.com.

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SOURCE RWE

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In HelloNation, Generator Expert Greg Brown Outlines How Often a Home Generator Should Be Serviced

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The article explains how regular maintenance and annual inspections support dependable backup power during outages.

LOUISVILLE, Ky., Aug. 3, 2026 /PRNewswire/ — How often should a standby generator be serviced to ensure it works when the power goes out? HelloNation has published the answer in an article, featuring insights from Greg Brown of Varitech, Inc. in Louisville, KY.

The HelloNation article explains that maintaining generator reliability depends on following a consistent home generator maintenance routine. While many homeowners assume a standby generator will operate without attention, regular generator service is essential to ensure dependable backup power. Without proper care, systems may not perform as expected during an outage.

Annual generator service is identified as the foundation of a strong generator maintenance schedule. The article notes that generator service should be performed at least once per year to inspect critical components and address wear. This annual generator service helps identify potential issues early, reducing the risk of unexpected failure and supporting long term generator reliability.

During a typical annual generator service, several key maintenance tasks are completed. The article explains that oil and oil filters are replaced to keep the engine running efficiently. Air filters are inspected and cleaned or replaced as needed to maintain proper airflow. Battery testing is also part of generator service, as battery issues are a common cause of startup problems. These steps are central to effective home generator maintenance.

Testing the system under load is another important part of generator service. The article highlights that running the standby generator under real demand conditions ensures it can handle the electrical load it was designed for. This process helps confirm generator reliability and is a critical element of a complete generator maintenance schedule.

In addition to annual generator service, certain components require replacement over time. Spark plugs, batteries, and filters typically need to be replaced every three to five years. The article explains that including these updates in a home generator maintenance plan helps maintain performance and reduces the likelihood of failure during an outage.

Skipping generator service can lead to significant risks. The article notes that small issues may go unnoticed without regular maintenance, only becoming apparent when the standby generator is needed for backup power. At that point, failure to start can leave a home without essential services, underscoring the importance of a consistent generator maintenance schedule.

Environmental conditions and usage patterns can also affect how often generator service is needed. Homes that rely more heavily on backup power may experience increased wear, requiring more frequent inspections. Even in areas with fewer outages, maintaining a regular home generator maintenance routine remains essential for ensuring generator reliability.

Keeping records of generator service is another helpful practice. The article explains that documenting maintenance dates and part replacements provides a clear history of the system’s condition. This information supports better planning and ensures that no part of the generator maintenance schedule is overlooked.

Throughout the discussion, Generator Expert Greg Brown provides insight into how regular generator service and a structured home generator maintenance plan contribute to long term generator reliability. The article reinforces that consistent attention to maintenance is the key to dependable backup power.

The article concludes that a standby generator requires ongoing care to perform effectively. By following a generator maintenance schedule that includes annual generator service and periodic part replacement, homeowners can ensure reliable backup power and reduce the risk of system failure.

How Often Should a Home Generator Be Serviced to Stay Reliable? features insights from Greg Brown, Generator Expert of Louisville, KY, in HelloNation.

About HelloNation

HelloNation is America’s Good News Network, a premier media platform built on the idea that good news travels faster when real people tell real stories. Through its community-focused publications and innovative “edvertising” approach, HelloNation delivers content that informs, inspires, and spotlights the leaders making a meaningful impact in their communities.

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SOURCE HelloNation

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