BOS Solutions is a North American provider of customizable and scalable liquids-solids separation services. The Company's proprietary processes and technologies recycle fluids, reduce associated waste for disposal and provide customers with an environmental solution that lowers all-in project costs. BOS provides liquids-solids separation services to the oilfield industry ("BOS Oilfield") and to other industrial markets ("BOS Integrated Services"). BOS provides customizable solids control solutions by utilizing a combination of equipment configurations, in-house engineering services, data analytics capabilities and patented technologies.
In the energy industry, BOS Oilfield provides a proprietary process that is designed to significantly reduce the costs associated with drilling oil and gas wells by recycling the drilling fluid that is continuously used in the drilling process and reducing the volume of drilling waste for disposal. Additionally, the liquids-solids separation process yields a higher quality drilling fluid with less solids suspended in the liquid, which allows for faster drilling and reduces the abrasive wear on downhole equipment.
BOS Integrated Services provides a similar solution for industries such as construction, trenchless technology (i.e. horizontal directional drilling or "HDD"), remediation, industrial, agricultural and municipal. Many of the same costsaving benefits and efficiencies realized by BOS Oilfield customers are also captured by customers in industrial applications where fluid recycling, reduced waste disposal and environmental factors are important. BOS Integrated Services uses the same equipment and processes as BOS Oilfield to perform such services.
Revenue for the year ended December 31, 2016 - $51,988,000 Net loss for the year ended December 31, 2016 - $(20,140,000)
Revenue for the year ended December 31, 2015 - $90,822,000 Net loss for the year ended December 31, 2015 - $(83,093,000)
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