New Tech Systems

What New Tech Systems does

New Tech Systems, Inc. is a privately held Mansfield, Texas-based manufacturer founded in May 1996 that designs and builds electronic pipe inspection systems for the oil and gas tubular goods (OCTG) market. The company's product portfolio centers on electromagnetic inspection (EMI) and ultrasonic (UT) equipment for drill pipe, tubing, casing, drill collars, landing strings, wash-pipe, subs, and sucker rods, supplemented by high-pressure water-blast cleaning systems (NewBLAST), hydraulic pipe straighteners (RAM-01), and a digital data acquisition retrofit (DAQTech III). Core proprietary technologies include the TRUEWALL™ Hall-effect wall thickness monitor, the SPLIT-CHECK pneumatic split/hole detector, and the in-house developed TRX ultrasonic scope platform for the OCTG inspection industry. Product lines span portable rig-floor units (WellTech, VEDAQ-PRO/P, TechScope EZT-II/EZW-II), stationary yard systems (TubePRO series, VEDAQ-R for sucker rods), full-body and end-area ultrasonic systems (ASCAN 2000, TechSonic), and pipe-handling service equipment.

The company's business model is anchored in direct sales of capital equipment, with an installed base operating in over 55 countries and supported by a 82,000+ square foot manufacturing headquarters in Mansfield and a West Texas Service Center in Midland. GTM is primarily enterprise field sales supplemented by exhibition at OTC (Houston) and ADIPEC (Abu Dhabi), formal SNT-TC-1A-aligned MPI and MFL training courses priced at $1,125 per student, a trade-in program, and a dedicated used/refurbished equipment channel. Customers are oil and gas operators (primary) and oilfield service companies (secondary), with use cases spanning drilling, well servicing, pipe yard inspection, and rental equipment inspection. Specifications compliance with API and DS-1 standards is a recurring feature of the product set. NTS carries no disclosed external funding and shows no subsidiaries, M&A activity, or public-company affiliation in the source data.

Name

New Tech Systems

Legal name

New Tech Systems, Inc.

Website

https://newtechsystems.com

Company type

Private

Founded year

1996

Operating status

Operating

Headcount range

11–50 employees

Short description

New Tech Systems is a privately held Mansfield, Texas manufacturer of electronic pipe inspection systems, supplying EMI and ultrasonic equipment, data acquisition systems, and pipe cleaning equipment to oil and gas operators and oilfield service companies in over 55 countries.

Ownership category

akta.pro rank

Product category

Oilfield Pipe Inspection Equipment

NAICS

Oil and Gas Field Machinery and Equipment Manufacturing (333132), Instrument Manufacturing for Measuring and Testing Electricity and Electrical Signals (334515)

SIC

Oil & Gas Field Machinery & Equipment (3533), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

In-Line Inspection (ILI) Services (MFL, UT, Caliper, Geometry Tools) (TLAGALAA)

akta.pro secondary industry

Integrity Management Programs & Compliance (IMP, Risk Assessment, Regulatory Reporting) (TLAGALAE)

Keywords

• Pipe inspection equipment
• Electromagnetic inspection
• Ultrasonic testing equipment
• Oilfield tubular inspection
• Pipe cleaning equipment

Headquarters

HQ city

Mansfield

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Inspection Equipment Sales: Sale of EMI and UT pipe inspection systems including portable and stationary models for drill pipe, tubing, casing, and sucker rods. Products range from single-function portable units to multi-function stationary inspection systems.
2. Pipe Service Equipment Sales: Sale of pipe cleaning equipment (NewBLAST systems), pipe straighteners (RAM-01), and related service equipment for the oilfield tubular handling industry.
3. Data Acquisition Systems: DAQTech III computer data acquisition systems that upgrade existing inspection systems from chart paper printers to digital display.
4. Inspection Supplies: Wide assortment of inspection supplies and spare parts including backlights, magnetic particle & dye penetrants, magnetizing equipment, ultrasonic flaw detectors, thickness gauges, thread gauges, and calibration standards.
5. Training Courses: MPI Level 1 and MFL Level 1 training courses at $1,125 per student, 2.5 days (20 hours), aligned with SNT-TC-1A employer based certification programs.
6. Used and Refurbished Equipment: Trade-in program and sale of used/factory refurbished inspection equipment providing equipment upgrade options at reduced cost.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

New Tech Systems designs, manufactures, and distributes electronic pipe inspection systems for the oil and gas industry, including portable and stationary Electromagnetic Inspection (EMI) systems, ultrasonic inspection equipment, pipe cleaning systems, and pipe straighteners. The equipment is used to inspect oilfield tubulars such as drill pipe, tubing, casing, drill collars, landing strings, wash-pipe, subs, and sucker rods for flaws, wall thinning, splits, and holes, supporting compliance with API and DS-1 industry specifications.

Product overview

New Tech Systems is a manufacturer of electronic pipe inspection systems and related pipe service equipment for the oil and gas industry. The product portfolio consists of EMI (Electromagnetic Inspection) equipment including portable and stationary drill pipe, tubing, and sucker rod inspection systems; Ultrasonic equipment including wheel-type and wedge-type end area inspection systems and full-body inspection systems; Data acquisition systems for upgrading legacy inspection equipment; Pipe cleaning equipment including high-pressure water-blast systems; and pipe service equipment including hydraulic pipe straighteners. Key product lines include WellTech (rig floor tubing inspection), TechScope/VEDAQ (portable drill pipe inspection), TubePRO (stationary inspection), TechSonic/ASCAN (ultrasonic inspection), DAQTech (data acquisition), NewBLAST (pipe cleaning), and RAM (pipe straightening). Products are designed to meet industry specifications including API and DS-1 standards.

Differentiator

Problem solved

Functional benefit

Products and services

• WellTech 5 Fifth generation rig floor tubing inspection system for oil and gas operators, featuring non-contact transverse and wall monitoring sensors with the SPLIT-CHECK pneumatic split and hole detector for fast, accurate tubing inspections at the rig floor.
• VEDAQ-PRO Portable multi-function EMI drill pipe inspection system for drill pipe up to 7-5/8 inches O.D., with transverse flaw detection and TRUEWALL magnetic wall thickness monitoring capabilities. Targets oilfield service companies and operators needing portable inspection.
• VEDAQ-P Stationary EMI inspection system for drill pipe up to 6-5/8 inches O.D., with transverse flaw detection and TRUEWALL wall monitoring functions for in-yard or pipe rack inspection environments.
• VEDAQ-R Stationary EMI and laser multi-function inspection system for API sucker rods with transverse flaw detection, eddy current flaw detection, and integrated laser O.D. loss indicator for sucker rod inspection.
• TechScope EZT-II Portable single-function EMI drill pipe inspection system for drill pipe up to 6-5/8 inches O.D., with transverse flaw detection capability for field deployment.
• TechScope EZW-II Portable dual-function EMI drill pipe inspection system for drill pipe up to 6-5/8 inches O.D., with transverse flaw detection and TRUEWALL wall monitoring capabilities.
• TubePRO PTS-2 Portable EMI inspection system for tubing up to 3-1/2 inches O.D., designed to integrate with existing TechScope EZW-II or VEDAQ 2000-C drill pipe inspection systems.
• TubePRO 554-P Stationary EMI inspection system for tubing and casing up to 5-1/2 inches O.D., with transverse/longitudinal flaw detection and TRUEWALL wall monitoring.
• TubePRO 754-P Stationary EMI inspection system for tubing and casing up to 7-5/8 inches O.D. and standard drill pipe up to 5-1/2 inches O.D.
• TubePRO 14-P Stationary EMI inspection system for tubing and casing up to 13-3/8 inches O.D. and standard drill pipe up to 6-5/8 inches O.D.
• WellTech Hot Rod Rig floor sucker rod inspection system for 5/8 to 1-1/4 inches O.D. API sucker rods, using non-contact solid-state Hall effect sensors.
• TechSonic EZScan Next generation wheel-type ultrasonic end area inspection system (UTEA) powered by the TRX platform, for drill pipe 2-3/8 to 6-5/8 inches O.D.
• TechSonic-W Next generation wedge-type ultrasonic end area inspection system (UTEA) powered by the TRX platform, for drill pipe 2-3/8 to 6-5/8 inches O.D.
• ASCAN 2000 Stationary computerized full-body/full-length ultrasonic inspection system for oilfield tubulars up to 13-3/8 inches O.D., using immersion transducer technology.
• DAQTech-III Computerized real-time data acquisition upgrade for existing inspection systems using chart paper printers, presenting inspection data digitally with up to 8 channels of multi-color display.
• NewBLAST High-pressure water-blast cleaning system designed to remove rust, scale, oil-based muds, and drilling cement from tubulars up to 13-3/8 inches O.D.
• NewBLAST-R High-pressure water-blast cleaning system designed to clean sucker rods of all sizes in a single-pass operation.
• RAM-01 Heavy-duty hydraulic pipe straightener designed to straighten tubulars 2 to 8 inches O.D., including heavy-wall drill pipe for offshore applications.
• MPI Level 1 Training Course 2.5-day (20 hours) instructor-led Magnetic Particle Inspection (MPI) Level 1 training aligned with SNT-TC-1A employer based certification, priced at $1,125 per student, held at the Mansfield, Texas headquarters.
• MFL Level 1 Training Course 2.5-day (20 hours) instructor-led Magnetic Flux Leakage (MFL) Level 1 training aligned with SNT-TC-1A employer based certification, priced at $1,125 per student, held at the Mansfield, Texas headquarters.
• Used and Refurbished Equipment Sales Sale of used and factory refurbished New Tech inspection equipment, including a trade-in program that calculates trade-in value toward equipment upgrades.
• Inspection Supplies and Spare Parts Wide assortment of inspection supplies and spare parts including backlights, magnetic particle and dye penetrants, magnetizing equipment, ultrasonic flaw detectors, thickness gauges, thread gauges, calibration standards, and refacing tools.

Quantifiable outcome

• Production rate up to 150 ft/min for certain inspection systems
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Evident (formerly Olympus Industrial): Evident/Olympus is a broad NDT equipment incumbent offering ultrasonic flaw detectors, thickness gauges, and eddy current instruments used by oilfield inspectors, overlapping with New Tech Systems' UT and inspection supplies portfolio.
• Baker Hughes (Pipeline & Inspection): Baker Hughes (via Waygate Technologies and pipeline solutions) is a broad industrial/NDT incumbent offering inspection instruments and pipeline integrity services, comparable in technology (UT, MFL) but much larger in scale.

Direct peers

• Rosen Group: Rosen is a leading manufacturer of in-line inspection (ILI) tools using MFL, UT, and geometry technologies for pipelines and tubulars, overlapping directly with New Tech Systems' core EMI/UT inspection technology platform.
• MISTRAS Group: Mistras provides NDT services and proprietary inspection equipment to oil & gas operators, competing with New Tech Systems in tubular and pipeline integrity inspection using ultrasonic and electromagnetic methods.
• T.D. Williamson: TDW provides pipeline integrity inspection tools and services using MFL and ultrasonic technologies for oil and gas operators, directly comparable to New Tech Systems' tubular inspection product lines.
• NDT Global: NDT Global manufactures and operates ultrasonic and EMAT in-line inspection tools for pipelines, sharing core UT/EM inspection technology and oil & gas customer base with New Tech Systems.
• Tuboscope (NOV): Tuboscope, a brand of NOV, is the most established OCTG tubular inspection services and equipment provider globally, directly competing with New Tech Systems across drill pipe, tubing, and casing inspection using similar EMI/MFL/UT technologies.
• Russell NDE Systems: Russell NDE Systems manufactures electromagnetic and ultrasonic inspection equipment specifically for OCTG (drill pipe, tubing, casing) - the closest direct equipment-manufacturing peer to New Tech Systems' product portfolio.
• Sonatest: Sonatest manufactures portable ultrasonic and eddy current flaw detection instruments used in oilfield inspection, with comparable technology stack (UT/EM) and similar mid-sized industrial equipment profile.

Emerging players

• Sonotron NDT: Sonotron is a smaller NDT equipment manufacturer offering ultrasonic and eddy current instruments for industrial inspection, with partial overlap to New Tech Systems' UT/EMI inspection supplies and equipment range.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100054245287062
• LinkedInlinkedin.com/company/new-tech-systems

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Tech Systems