HOUSTON – AXON Energy Products has acquired the radio frequency identification (RFID) technology and assets of Merrick Systems Inc., through its subsidiary, AXON Tubular Products Inc.
RFID technology allows companies to manage and optimize oilfield assets and equipment used in onshore, offshore, surface, and drilling oilfield operations. Components and assets can be managed throughout their life cycle – from raw material, through manufacturing, distribution, deployment, maintenance, inspection, certification, and redeployment.
The complete visibility into the asset history and usage helps increase operational efficiency, leads to significant cost and time savings, and reduces health, safety, and environmental risks.
AXON’s new RFID team will be led by Daniel Pacheco, president of AXON Tubular Products; and Ian Binmore, vice president of RFID Products.