Too little too late.
Forced to diversify, Alberta tech sector expands out of oil
The downturn in the oil and gas business has hit Mike Nagus and Charger Industries hard.
Like many people in Alberta, Nagus, who runs the company's technical operations, would have been much happier if the boom had continued.
But his Calgary company is an example of a painful silver lining in the fall of oil prices.
Charger's main source of income is making and selling sophisticated batteries used in oil drilling. Long and tubular like the drill bit to which they are attached, the high-powered batteries withstand tremendous pressure, temperature and brutal shaking four kilometres underground.
Charger's product is crucial to modern drilling techniques, powering a suite of underground devices most of us never knew existed.
...more...
http://www.cbc.ca/m/news/business/f...erta-tech-sector-expands-out-of-oil-1.3017968
Forced to diversify, Alberta tech sector expands out of oil
The downturn in the oil and gas business has hit Mike Nagus and Charger Industries hard.
Like many people in Alberta, Nagus, who runs the company's technical operations, would have been much happier if the boom had continued.
But his Calgary company is an example of a painful silver lining in the fall of oil prices.
Charger's main source of income is making and selling sophisticated batteries used in oil drilling. Long and tubular like the drill bit to which they are attached, the high-powered batteries withstand tremendous pressure, temperature and brutal shaking four kilometres underground.
Charger's product is crucial to modern drilling techniques, powering a suite of underground devices most of us never knew existed.
...more...
http://www.cbc.ca/m/news/business/f...erta-tech-sector-expands-out-of-oil-1.3017968
