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Ozark Integrated Circuits Inc. has been awarded a $1.1 million, two-year Small Business Innovation Research (SBIR) Phase II grant through the Department of Energy to develop high-temperature communication electronics for directional drilling.
This is the second SBIR award the company has announced this week.
Working with partners Cole Engineering Inc. of Orlando, Florida, (to develop the mechanical portion of Ozark IC’s communication system) and AltaRock Energy Inc. of Seattle (to provide specifications and testing of the final system), the company will use the money to make a prototype.
“This Phase II project is crucially important to us,” said Matt Francis, Ozark IC’s founder and president, in a news release. “It enables us to enhance and expand our existing family of high-temperature platforms while targeting the highly important field of directional drilling for geothermal wells.”
Geoffrey Garrison, vice president of research and development for AltaRock Energy, added, “Drilling can account for up to 50% of the development cost of a geothermal project. The development of directional drilling that will work in geothermal wells is a game-changer that will significantly reduce costs and development times for geothermal exploration and drilling. We are looking forward to working closely with Ozark IC and Cole Engineering on this new communications system and we are very pleased that DOE will fund this project.”