Clarke Valve today completed the sale of $5.5 million of Series B Preferred Stock to a group of investors led by OGCI Climate Investments. Along with funding from Saudi Aramco Energy Ventures and Chevron Technology Ventures, Clarke has now raised $15.5 million of Series B funding.
Clarke Valve announces ISO 9001:2015 certification as it expands in-house manufacturing capabilities. ISO 9001 is a quality management standard that provides tools and guidance for companies to ensure their products and services consistently meet customer requirements, and that quality is consistently improved.
Clarke Valve announces the API 641 certification of its proprietary Dilating Disk™ Valve design, the first control valve to achieve this certification of low fugitive-emission performance.
The API 641 standard applies to all stem seal materials and requires a stringent maximum allowable leakage of 100 parts per million by volume (PPMv). This API test standard calls for 610 cycles of the valve under extreme temperature fluctuations to evaluate emissions performance over an accelerated life cycle.
Today, Clarke Valve completed the sale of $10 million of Series B Preferred Stock to a group of investors led by Saudi Aramco Energy Ventures (“SAEV”). Chevron Technology Ventures (“CTV”) participated in the round.
Daniel Carter of SAEV US, stated, “Clarke’s unique Dilating Disk™ Valve design provides a step change in control valve technology. We see wide ranging applications for this new type of valve in the Oil and Gas industry and beyond.”
Today, Clarke Valve announced immediate availability of the ¼” Dilating Disk™ Valve marking the first time in history that a valve this size offers both Class 6 bubble-tight shut off to 3,600 PSI and precise flow control from a fine mist up to full bore.
Previously, customers were forced to use small diameter ball valves which were not designed for flow control in ¼” lines. Typically, these valves were used for on/off service but usually ended up in a partial open state creating excessive turbulence and cavitation.
Today, Clarke Valve (Clarke) announced that it has delivered its first shipment of Dilating Disk™ Valves™ into the Denver-Julesburg Basin to a producer known for innovation in making artificial gas lift systems more efficient and profitable. The end user is a natural gas producer that is well known in the Denver-Julesburg Basin for being at the forefront of efficiency.
Clarke Valve is pleased to announce that it has added Pipe Tech of Mandeville, LA as an officially authorized Value Added Distributor. Pipe Tech brings over 28 years of experience as a master distributor and manufacturers’ representative for process industries, commercial construction, municipal utilities, power, oil and gas exploration and production, marine shipbuilding, and others.
IVRI has become an authorized distributor of the Dilating Disk™ Valve from Clarke Valve. IVRI, founded in 1998 was designed to be a “go to” solution company. The company has become a valuable partner to its customers by providing dependable value-added engineering, purchasing and inventory control functions. IVRI is headquartered in York, PA & has a tenured sales team with significant experience in the Mid-Atlantic industrial market. They also feature a branch office in San Antonio, TX covering the growing OEM segment in that area.