THE WOODLANDS, Texas, Oct. 28, 2024 /PRNewswire/ -- BJ Energy Solutions, LLC ("BJES" or the "Company") is pleased to announce that in a series of recent transactions two significant corporate modifications have been achieved. First, BaiWin Financing LLC ("BaiWin" - a related-party to an existing BJES owner) have agreed to convert the entirety of their term-debt (approximately $170MM) into equity of Company. The decision to convert comes after consideration of BJES' long-term prospects for its TITAN next-generation fracturing technology. In exchange for the conversion, BaiWin and its related affiliates will own approximately 80% of the Company. Second, the resulting change in ownership percentage among existing holders drove the decision to separate BJES from its former parent (Kanaci Technologies, LLC).

HOUSTON, Dec. 6, 2023 /PRNewswire/ -- Nations Capital (NCI), a Gordon Brothers company and an asset management and advisory firm focused on opportunistic investments and asset remarketing, have been chosen as the exclusive sales agent to BJ Energy Solutions, LLC ("BJ Energy Solutions" or the "Company") to manage the sale of its non-core diesel fueled conventional frac fleet assets and component inventory as the Company continues to focus on the shift towards its next generation low emissions TITAN^™ technology.

THE WOODLANDS, Texas, Feb. 6, 2023 – Today, the United States Patent and Trademark Office’s Patent Trial and Appeal Board (PTAB) issued a favorable Final Written Decision related to a petition filed by Yantai Jereh Petroleum & Equipment Technologies Co., Ltd. (“Jereh”) against United States patent number 10,815,764, entitled “Methods and Systems for Operating a Fleet of Pumps,” (the “‘764 Patent”) assigned to BJ Energy Solutions, LLC (“BJ Energy”).

THE WOODLANDS, Texas, Feb. 6, 2023 – Today, the United States Patent and Trademark Office’s Patent Trial and Appeal Board (PTAB) issued a favorable Final Written Decision related to a petition filed by Yantai Jereh Petroleum & Equipment Technologies Co., Ltd. (“Jereh”) against United States patent number 10,907,459, entitled “Methods and Systems for Operating a Fleet of Pumps,” (the “‘459 Patent”) assigned to BJ Energy Solutions, LLC (“BJ Energy”).

THE WOODLANDS, Texas, Dec. 13, 2022 /PRNewswire/ -- BJ Energy Solutions announced today that the Company has closed on a new fully committed credit facility with Eclipse Business Capital, providing for a $100 million ABL revolver.