Tranche Update on Profire Energy, Inc.'s Equity Buyback Plan announced on May 9, 2023.
March 13, 2024 at 04:03 pm EDT
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From October 1, 2023 to December 31, 2023, the company has repurchased 965,517 shares, representing 2.03% for $1.66 million. With this, the company has completed the repurchase of 1,205,233 shares, representing 2.53% for $2 million under the buyback announced on May 9, 2023.
Profire Energy, Inc. is a technology company. The Company is focused on the upstream, midstream, and downstream transmission segments of the oil and gas industry. It specializes in the engineering and design of burner and combustion management systems and solutions. The Companyâs applications include combustors, enclosed flares, gas production units, treaters, glycol and amine reboiler, indirect line heaters, heated tanks, and process heaters that require heat as part of its production and or processing functions. Its burner-management systems ignite, monitor, and manage pilot and burner systems that are utilized in its process. Its technology enables remote operation, reducing the need for employee interaction with the appliance's burner for purposes, such as re-ignition or temperature monitoring. The Company's systems and solutions are used by exploration and production companies (E&P), midstream operators, pipeline operators, as well as downstream transmission and utility providers.
PROFIRE ENERGY, INC. 
