Benzinga | Aug 3, 2021 05:20PM EDT

Team, Inc. Announces Commercialization Of New SmartStop Isolation Technology

Team, Inc. ("TEAM") (NYSE:TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, announced today the commercial launch of its proprietary double block and bleed SmartStop(tm) Isolation Technology.

"We are excited to announce that after extensive in-house testing and several successful field tests, we have commercialized our new, patent pending SmartStop Isolation Technology," said Chad Murray, TEAM's President of Mechanical and Onstream Services Group. "TEAM has a long track record of providing integrated solutions to our end markets, which drive safety, reliability, and productivity improvements for our clients' assets. This new integrated solution offering combines our engineering and manufacturing capabilities and provides material traceability and quality assurance. TEAM's research and development group spent several years developing and testing a new double block and bleed line isolation technology which increases isolation integrity and overall safety. This new technology reduces total project execution times and in turn, our clients' overall costs, further strengthening our competitive advantages in the hot tapping industry."