News
December 31, 2019 - Davidson Winds Down its Energy Subsidiary
Davidson announced today that it has wound down its Delaware subsidiary, Davidson Energy, Inc. Davidson Energy held a license to manufacture and sell combustion dynamics monitoring systems. Under the terms of the CDMS licensing agreement, Davidson was required to revoke the field-of-use license held by Davidson Energy. Upon the revocation of its license, Energy no longer had the means to conduct business so the wind-down was necessary. All of the assets and liabilities of Davidson Energy were absorbed by Davidson Instruments as a condition of the license revocation effective the year ending December 31, 2019. Until such time as the CDMS licensee declares it is ready to accept commercial orders for CDMS licensed products, the company will continue to service its customers through the parent company, Davidson Instruments. The company will retain the legal shell of Davidson Energy as a Delaware C-corporation indefinitely.
March 25, 2019 – Davidson Completes the Technology Transfer for the CDMS product line with the CDMS licensee.
Davidson announced today that it has completed its one-year technology transfer obligation with its CDMS licensing partner. Davidson has entered into the collaboration phase of the licensing agreement and will provide engineering services as needed hereafter.
October 30, 2018 - Davidson Converts Instruments Common Stock into Davidson IP Holding Units
Davidson announced that is has approved the conversion of 600,000 shares of Davidson Instruments common stock into its holding of Davidson Dynamics membership units on a one-for-one conversion. It also announced that it has granted the sale of 250,000 of its membership units to its management team for the fair market value of those units. These two actions will allow company investors and executive management to take an equity position in Davidson IP Holding, LLC.
September 2018 – Davidson Reaches Agreement on Aerospace Product Development Initiative.
Davidson announced today that it signed an agreement that is expected to provide funding over five years for the development of static pressure measurement sensors for use in aerospace applications.
May 2, 2018 – Davidson Reaches Agreement on a Plastics Injection Molding Product Development Initiative.
Davidson announced today that it has reached agreement on a Phase 1 plastics injection molding proof-of-concept project that is expected to evolve into a potential plastics field-of-use licensing agreement. The project has a one-year term with the delivery and testing of several prototype sensors.
March 30, 2018 – Davidson Makes Distribution to Davidson Dynamics Members
Davidson announced today that it has made a distribution of the net proceeds from the CDMS licensing agreement to the members of Davidson Dynamics on a prorated basis of the number of units held on the effective date of the licensing agreement dated, December 30, 2017.
December 30, 2017 – Davidson Reaches Agreement on Licensing Agreement
Davidson announced that it has reached an agreement on the terms for licensing the company’s intellectual property in two fields of use, namely combustion dynamics and aerospace. Davidson expects these two licenses will become exclusive licenses in those fields-of-use once certain milestones are achieved.
October 30, 2017 - Davidson Enters Discussions for Licensing Agreements
Davidson announced that it has begun discussions with three parties regarding licensing of Davidson’s intellectual property for use in the gas turbine combustion dynamics, fossil power, aerospace, and plastics fields of use. Davidson expects that these third-party manufacturers will acquire worldwide exclusive licenses in those fields of use.
September 22, 2017 - Davidson Converts Common Stock into Davidson Dynamics Membership Units
Davidson announced that is has approved the conversion of 2,100,000 shares of Davidson Instruments common stock into its holding of Davidson Dynamics membership units on a one-for-one conversion. It also announced that it has granted the sale of 875,000 of its membership units to its management team for the fair market value of those units. These two actions will allow company investors and executive management to take an equity position in Davidson Dynamics, LLC.
July 25, 2017 - Davidson Enters Discussions of Long-Term Supply Agreements
Davidson announced that it has entered discussions of the terms of long-term supply agreements for its temperature-tolerant, high-fidelity combustion dynamics instrumentation with two leading manufacturers of gas turbines.
March 29, 2017 - Davidson Creates Davidson IP Holding, LLC, a Wholly-Owned Subsidiary
Davidson announced today that it has created a new wholly-owned subsidiary, Davidson IP Holding, LLC and that such entity will be assigned a license to all of the company’s intellectual property except that license which is held by Davidson Dynamics, LLC. This action completes the reorganization initiated in 2016 to improve and streamline the structure of the Company. The creation of this entity and the assignment of the licenses to the new entity increases the Company’s flexibility in raising capital and carving out precisely defined fields of use which will be necessary to fully execute the Company’s plans to license its intellectual property. Davidson plans to license its intellectual property in precisely defined fields of use including fossil and nuclear power, reciprocating engines and compressors, plastic injection molding, aerospace and defense, and industrial process control.
December 4, 2016 - Davidson Installs Instrumentation on Aero-derivative Engine
Davidson announced that it has completed the installation of its instrumentation on an aero-derivative gas turbine engine in Texas as part of a formal qualification and acceptance testing program by a major OEM. This test is expected to lead to a long-term supply agreement with the OEM for the use of Davidson’s high-fidelity instrumentation on aero-derivative engines worldwide.
November 14, 2016 - Davidson Installs Instrumentation on Frame Engine
Davidson announced that it has completed the installation of its instrumentation on a gas turbine engine in California as the first step in the formal qualification and acceptance testing by a major gas turbine OEM. This test is expected to lead to a long-term supply agreement with the OEM where Davidson will provide instrumentation for all frame and aero engines worldwide.
June 22, 2016 - Davidson Conducts OEM Laboratory Qualification Testing
Davidson announced that it has completed the first round of laboratory qualification testing with a major gas turbine OEM. The laboratory qualification testing consisted of a series of torture tests at high static and dynamic pressures and through furnace testing to 1200⸰ F to prove the Davidson instrumentation is adequate for the most demanding applications in aero-derivative gas turbine engines.
January 15, 2016 - Davidson Opens New Office
Davidson announced that it has opened a new office and rapid prototyping facility in Conroe, Texas. This new rapid prototyping facility will enable Davidson to better serve its customers’ needs and will be a key to licensing and technology transfer to licensees of the Davidson technology.
December 20, 2015 - Davidson Dissolves Two Subsidiaries
Davidson announced that it has dissolved two of its wholly-owned subsidiaries, Davidson Power, LLC and Davidson Nuclear, LLC. As part of this dissolution, Davidson revoked the field of use licenses held by these two subsidiaries. This reorganization increases the Company’s flexibility in carving out precisely defined fields of use which will be necessary to fully-execute the Company’s plans to license its intellectual property in highly specialized fields of use including fossil and nuclear power, reciprocating engines and compressors, plastics, aerospace and defense, and industrial process control.
May 25, 2015 - Schwartz / Banks Step Down from Board of Directors
Davidson announced today that Bob Schwartz and Ann Banks have stepped down from the Company’s board of directors. Mr. Schwartz provided five years of service and Ms. Banks provided one year of service to the Company providing strong leadership in the fields of strategic planning, capital formation/fund raising, finance, and management development.
March 31, 2015 - Davidson Implements Automatic Optimization Enhancement
Davidson announced a major system upgrade today by implementing an automatic signal optimization. This new enhancement will improve the reliability of the systems by continuously optimizing the optical signal and operating with the highest signal to noise ratio.
September 21, 2014 - Davidson Achieves 1,000,000 Hours of Time in Service
Davidson announced today that it has achieved 1,000,000 hours of time in service with its CDMS instrumentation that is installed on engines around the world including the US, the UK, Germany, Canada, Mexico, and Japan.
August 15, 2014 - Ann Banks Elected to Davidson's Board of Directors
Davidson announced today that Ann Banks has been appointed as a Director effective September 1, 2014 increasing the number on its board of directors to six. Ms. Banks is the COO for Summit Partners where she directs all commercial arrangements relating to the development, construction and financing of the Texas Clean Energy Project (TCEP). Ms. Banks brings 25 years of broad experience in business development within the power generation industry. Prior to joining Summit, Ms. Banks was Senior VP Business Development & Finance at Sindicatum Carbon Capital, a private equity company pursuing greenhouse gas reduction and renewable energy project development. Previously, while at Calpine Corporation, Ms. Banks held various roles including Vice President for Strategic Planning and Vice President of Project Development where she was responsible for identifying and capturing merchant power and cogeneration projects. Ms. Banks holds an MBA from Kellogg Graduate School of Management, a BA in Accounting, and is a CPA.
April 3, 2014 - Davidson Detects Severe Vibrations in Dry Low NOx Engine
Davidson announced today that its CDMS detected an anomaly in a dry low NOx engine that was comprised of an abnormal 120Hz fundamental frequency with five harmonics of the fundamental frequency that exceeded the combustion dynamic alarm thresholds for the engine. When the output of the engine was reduced to 90% of capacity, the combustion dynamics signals returned to normal, stable, healthy combustion signals. Subsequent inspection of the engine compartment revealed significant damage to the turbine piping due to excessive vibration. The detection of the severe combustion dynamics problem and the temporary derating of the engine saved the engine from severe damage and significant loss of availability.
March 19, 2014 - Hayden Hill Elected to Davidson's Board of Directors
Davidson announced today that Hayden Hill has been elected to serve on Davidson's board replacing John Filla who had served as a board member since March 2011. Mr. Hill has a strong power generation background and has been working closely with the board serving on the company's divestiture committee since March 2013.
February 12, 2014 - Davidson Completes Installation in Canada
Davidson announced today that it completed the installation and commissioning of an experimental system installed in a test rig in Canada. This test was significant because the dynamic pressures exceeded 20 psi and the skin temperature of the test stand reached 1000° C. Davidson designed, manufactured, and delivered the highly specialized system in less than thirty days after receipt of the order to support the customer’s urgent need for Davidson's high-performance instrumentation.
December 15, 2013 - Davidson Achieves 500,000 Hours of Time in Service
Davidson announced today that it has achieved 500,000 hours of time in service with its CDMS instrumentation that is installed on engines in power plants around the US.
November 15, 2013 - Davidson Delivers CDMS for IPP Pilot Testing
Davidson announced today that it installed a CDMS system to be used as a pilot project for an IPP. Success on this pilot project is expected to result in adoption of Davidson's system for use fleet wide by the IPP.
August 30, 2013 - Davidson Delivers CDMS for OEM Rig Testing
Davidson announced today that it delivered a CDMS system to be used for validation testing on a test rig at an OEM's test facilities and that the test results validated the performance claims made by Davidson.
May 9, 2013 - Davidson Delivers CDMS for OEM Validation Testing
Davidson announced today that it delivered a system to a major gas turbine OEM to be used for validation testing at a power plant located in the US. The validation test is planned as a side-by-side test to compare the performance of Davidson's CDMS with conventional electronic instrumentation.
March 29, 2013 - Davidson Installs CDMS on Two Siemens 501F Engines
Davidson announced today that it successfully completed the installation of its system on two Siemens 501F engines in Texas. This installation was significant because it represents the first production release of Davidson's CDMS for commercial use for an entire plant. The installation was performed on schedule and within budget. This new system represents the best protection available for the high value gas turbine assets.
February 6, 2013 - Davidson Detects 25Hz Lean Blowout (LBO) Signals
Davidson announced today that it has completed a successful test demonstrating its ability to measure 25Hz signals that are a precursor to a lean blowout in a Siemens 501F engine in Texas. This test was conducted as a side-by-side test comparing Davidson's CDMS with a conventional electronic based sensing system. In this test, the pilot fraction was reduced to 3.4% at which time Davidson’s system provided alarm level signals at 25 Hz and at 150 Hz. The turbine operators could clearly see indications of the near lean blowout conditions and were immediately able to increase the fuel to air ratio and avoid a lean blowout. This was a major validation test and proved the unprecedented accuracy and sensitivity of the Davidson system for monitoring combustion dynamics.
December 5, 2012 - Davidson Installs Dynamics Monitoring System on GE 9FA Test Rig
Davidson announced today that it has completed its first successful field test of its dynamics monitoring system in the combustion section of a General Electric 9FA engine test rig. Davidson's combustion dynamics monitoring system was able to measure combustion dynamics that exceeded +/- 10 psi pressure pulsations. This is another significant accomplishment in a series of field trials that are designed to test Davidson's systems under the most extreme operating conditions. The transducers used in this test were designed for installation in the engine where the sensing diaphragm would be flush with the inside of the combustion liner providing the highest fidelity measurement without any resonance or attenuation from a waveguide. This first 9FA validation test is proving the unprecedented reliability, stability, and fidelity when compared to other systems available on the market for combustion dynamics monitoring.
November 18, 2012 - Davidson Installs Dynamics Monitoring System on GE 7FA Combustion Turbine
Davidson announced today that it has completed its first successful installation of its dynamics monitoring system in the compressor section of a General Electric 7FA engine at a power plant in Alabama. This is a significant milestone and demonstrates the ability of Davidson's dynamics monitoring system to measure high frequency (> 5000 Hz) pressure signals which is expected to lead to condition monitoring of the compressor section in the 7FA engine. The transducers used in this field trial were designed for installation in the engine where the transducer would be flush with the inside of the compressor casing providing the highest fidelity measurement without any resonance from a waveguide. This first compression section validation test is proving the unprecedented reliability, stability, and fidelity when compared to other systems available on the market for combustion dynamics monitoring.
October 30, 2012 - Davidson Installs CDMS on Siemens 501F Combustion Turbine
Davidson announced today that it has completed its first successful installation of its CDMS in a Siemens 501F engine in Houston. This is a major milestone in the life of the Company and follows an extensive series of benchmark testing showing that Davidson's patented system is superior to other systems on the market. This combustion dynamics monitoring system is the first in the world to be installed inside the engine in the combustion basket where the operating temperatures approach 1000° F. Because the transducers can be installed directly in the Siemens engine, there is no need for any engine modifications or auxiliary systems. This first Siemens’ validation test is expected to demonstrate the unprecedented reliability, stability, and fidelity when compared to other systems available on the market for combustion dynamics monitoring.
July 1, 2012 - Davidson Instruments Moves to New Production Facility
Davidson announced today that it has completed the move to a new fiber optic sensor manufacturing facility in The Woodlands, TX. The new facility located at 9391 Grogan's Mill Road will have the capacity for the company to produce approximately 500 CDMS transducers and related equipment per year. All personnel will be relocated to the new facility.
May 4, 2012 - Filla Elected to Board of Directors
Davidson announced today that it has elected John Filla to its board of directors. Mr. Filla has significant experience in the field of gas turbine controls and entrepreneurial startups. Mr. Filla is the former president of the Houston Angel Network and served as the lead investor in Davidson Dynamics first and second round financings in 2011 and 2012. Mr. Filla serves on the boards of several other companies and serves as VP, Business Development for HPI, a gas turbine controls company based in Houston. Mr. Filla will serve as an outside director along with Richard Lopushansky, President and CEO, Dr. John Berthold, CTO, and Mr. Lane Sloan, Mr. Robert (Bob) Schwartz, and Mr. Jeff Gooden who also serve as outside directors.
April 28, 2012 - Davidson Dynamics LLC Closes on Second Round Financing
Davidson announced today that its subsidiary, Davidson Dynamics, LLC closed on a second round of financing with a private equity group affiliated with the Houston Angel Network. The funding will be used for the commercialization of Davidson’s combustion dynamics monitoring system for use in the gas turbine industry.
March 31, 2011 - Davidson Dynamics LLC Closes on First Round Financing
Davidson announced today that its subsidiary, Davidson Dynamics, LLC closed on a financing with a private equity group affiliated with the Houston Angel Network. The funding will be used for the development of Davidson’s combustion dynamics monitoring system for use in the gas turbine industry. Davidson’s combustion dynamics monitoring system is designed to monitor pressure fluctuations caused by unstable combustion processes inside gas turbines. Because Davidson's transducers are tolerant to such high temperatures, the transducers are expected to provide unprecedented reliability in this harsh application. When combined with advance turbine controls, these temperature-tolerant transducers will enable the power generation industry to generate maximum power at periods of peak demand while operating within permitted emission levels and without causing unwarranted damage to the turbines.
March 11, 2011 - Davidson forms Strategic Alliance with Turbine Controls and Excitation Group (TC&E)
Davidson announced today that it has entered into an alliance with TC&E to collaborate in the sales and installation of combustion dynamics monitoring systems (CDMS) and the tuning of GE Frame 7 and Frame 9 engines. TC&E will install Davidson's CDMS systems and perform dry low NOx tuning of GE engines. Davidson and TC&E will also collaborate in the development of enhanced dynamic performance monitoring systems.
January 26, 2011 - Combustion Dynamics Monitoring System
Davidson announced today that its combustion dynamics monitoring system has completed an extensive series of laboratory tests and has been released as a commercial system. The benchmark testing showed that Davidson's patented system is superior to other systems on the market because it is tolerant to temperatures to 1000° F and because the transducers can be installed directly in GE and Siemens large frame engines without the need for any engine modifications or auxiliary systems. Davidson will be conducting validation testing in three separate field trials in GE and Siemens engines in Texas, Maryland, and Arizona in the coming weeks. These validation tests are expected to prove the unprecedented reliability, stability, and fidelity when compared to other systems available on the market for combustion dynamics monitoring.
October 11, 2010 - Schwartz Elected to Board of Directors
Davidson announced today that it has elected Bob Schwartz to its board of directors. Mr. Schwartz has significant experience in the fields of growth and strategic planning, capital formation/fund raising and management development. Mr. Schwartz is Vice President and Senior Advisor to Energy Ventures a venture capital company focused on early stage upstream oil and gas technologies. He is also an Adjunct Professor at the Jones Graduate School of Business at Rice University. Mr. Schwartz is the past President of HTC Energy. Prior to joining HTC he served in management positions with Exxon/Mobil, Conoco/Phillips, Weatherford, and FMC Technologies and was a member of the faculty of the University of Texas at Austin, McCombs School of Business, as Senior Lecturer and Director of the Entrepreneurship Concentration. Mr. Schwartz holds a BS in Chemical Engineering (Tau Beta Pi), from the University of Oklahoma and an MBA from Harvard Business School. Mr. Schwartz will serve on the board as an outside director with Mr. Richard Lopushansky, President and CEO, Dr. John Berthold, CTO, and Mr. Lane Sloan and Mr. Jeff Gooden who also serve as outside directors.
August 27, 2010 - Davidson Creates Three Subsidiary LLCs
Davidson announced today that it has formed three new subsidiary limited liability corporations (LLCs), Davidson Dynamics, LLC, Davidson Nuclear, LLC, and Davidson Power, LLC. Davidson has granted licenses of its intellectual property portfolio to these three subsidiaries for use in the fields of gas turbine combustion dynamics, nuclear power generation, and fossil power generation respectively. These three passive entities will hold the licenses to the Company's technology until such time as the Company divests its technology in these fields of use. At the same time, Davidson announced that it has granted a license to its subsidiary, Davidson Energy, Inc. which will serve as the operating entity that will manufacture and sell products and services in these three energy markets.
June 5, 2010 - Davidson Redeems Venture Capital Position
Davidson announced today that it has redeemed the debt and equity position held by its syndicate of venture capital partners including Altira Group and Rockport Capital. With the redemption, the board members from Altira and Rockport resigned from the Company's board of directors. At the same time, the Company redeemed the Series A preferred held by Simmons and Company International and converted the Series A preferred stock held by the Eyes of Texas Partners/Davidson LP to common stock. This series of transactions eliminated all Series A Preferred Stock from the capital structure of Davidson.
November 20, 2008 - Davidson Sells Downhole IP Portfolio to Halliburton
Davidson announced today that it has sold its downhole sensing IP portfolio to Halliburton Energy Services for cash and other consideration including the redemption of the equity position held by Halliburton in Davidson Energy. Under the terms of the agreement, Davidson and Halliburton will engage in a two-year technology transfer program to assure Halliburton has the means to produce the sensing systems for use in the upstream oil and gas field of use.
August 31, 2008 - Carbo Ceramics Sells Equity Position in Davidson to Halliburton
Davidson announced today that it has been informed by Carbo Ceramics that it has sold its equity position in Davidson Energy to Halliburton Energy Services for cash and other consideration.
October 31, 2007 - Davidson Forms Strategic Alliance with Carbo Ceramics
Davidson announced today that it has formed a strategic alliance with Carbo Ceramics. Under the terms of the agreement, Davidson has agreed to provide products and services exclusively to Carbo Ceramics in the field of oil & gas exploration and production through its Davidson Energy subsidiary in exchange for an investment by Carbo Ceramics in Davidson Energy.
October 24, 2007 - Davidson Creates Davidson Energy Subsidiary
Davidson announced today that it has formed a Delaware subsidiary, Davidson Energy, Inc. Davidson Energy will focus entirely on the downhole oil and gas business for the measurement of pressure and temperature for reservoir performance monitoring. Davidson Energy will conduct business in Texas (DBA) as Davidson Downhole, Inc. Richard Lopushansky will serve as president and CEO of the new subsidiary.
March 14, 2006 - Sloan Elected to Board of Directors
Davidson announced today that it has elected Lane Sloan to its board of directors. Mr. Sloan is Executive Director of the Global Energy Management Institute in the Bauer College of Business at the University of Houston where he also serves as a visiting professor teaching corporate strategy and strategic leadership. Mr. Sloan had a long career with Shell Oil Company where he served as CEO of Shell Chemical Company, Executive Vice President - Americas, and Vice President, Finance and Business Services. Mr. Sloan will serve on the board with the other members Mr. Richard Lopushansky, President and CEO, Dr. John Berthold, CTO, Mr. Jim Newell, Partner, Altira Group, and Mr. Todd Wilson, Director, Rockport Capital.
