Palynchuk, President of Western Instruments, has an extensive track
record in the oilfield industry and was the original inventor, developer
and Patent Holder of the Corod System. Corod (now owned by Weatherford)
is a Coiled Sucker Rod System used in the artificial lift of oil.
Mr. Palynchuk had also licensed Coiled Rod technologies to others,
with the latest being to C-Tech (now owned by Norris) who successfully
compete with Corod.
Mr. Palynchuk is currently
in the process of developing a new Rodless Oilwell Pumping System
named Tri-Coil. The Tri-Coil System will be the greatest fundamental
change in artificial lift since the development of Corod, and will
eclipse the use of all Sucker Rod Systems.