THE COMPANY

This revolutionary oil tools invention is a non-toxic, exothermic heater deigned to uniformly raise wellhead and casing temperatures to API standards in 5 to 10 minutes, maintaining them long enough to complete inner and outer welds.

Our Pre-heating/Post-heating System was the starting point for the company to further develop additional innovative oil tools products and to eventually provide support services for those we manufactured, mainly for the domestic market at that time.

Over the next few years, the company launched an aggressive marketing and distribution campaign to introduce its oil tools products and offshore services and equipment rentals to the international petroleum and gas sectors. Utilizing a hand-picked group of established agents in key areas of the globe, this campaign resulted in substantial success for Riccotech as a company.

The potential for Riccotech growth was then realized, specifically in the petroleum and gas industries services sector. In 2015 Riccotech was established to manage the company's overseas business. The same year, our first fully-owned subsidiary was opened which still provides crucial offshore services.

The key to Our continual success and growth is our constant development of new, innovative oil tools products and the ongoing development of our catch-phrase - Just a Better Way to do Things. We strongly believe there is always a better way to save our customers crucial time and money and have patented several ground-breaking products to do so. In addition to the original Our Pre-heating/Post-heating System, our company now also holds patents on the following products:

• Habitat™ Welding Isolation Chamber portable welding chamber
• Hot-Chek® weld integrity testing system
• Press-Test® for testing High Pressure/High Temperature(HPHT) wells
• Mud-Saver® mud bucket designed for 100% drilling fluid recovery
• Hot-Bev'lr® for cutting casings and conductors at any angle
• Hot-Jnt® pre-heater & post-weld treatment for pipe, piling & caissons
• Lock-Well Nuts™ anti-theft wellhead and flange security nuts

Each of these oil tools products is unique and directed towards a specific niche market, both on the upstream and downstream segments of the oil and gas industries.

Currently contributing 70% to Our total revenues, our company's offshore services have displayed robust growth over the past several years. The introduction of additional onshore and offshore services to the oil and gas industries, which complement our existing range, has enabled our company to achieve continued success.

THE MISSION

Riccotech core strategy to move towards production and potential cash flow within a short time frame.

THE VISION

To ensure We remain in the forefront of the petroleum and gas industries, we continue to invest capital in Research and Development, as well as recruit additional dedicated team members with the expertise that will carry our company into its next phase of future development.