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Innovation in Oil & Gas with Vasili Borissov of Cool Edge Bits| The Crude Truth

Video Transcription edited for grammar. We disavow any errors unless they make us look better or smarter.

Rey Treviño III [00:00:00] Innovation is what has only continued to lead the oil and gas industry for over 100 years. We talk to the next innovator on this episode of The Crude Truth.

Narrator [00:00:13] In 1901, at Spindletop Hill near Beaumont, the future of Texas changed dramatically as, like a fountain of fortune, thousands of barrels of oil burst from the earth towards the sky. Soon Detroit would be cranking out Model Ts by the millions and America was on the move, thanks to the black gold being produced in Texas. Now, more than a century later, the vehicles are different but nothing else has truly change. Sure there may be many other alternative energy sources like wind and solar and electric. But let’s be honest, America depends on oil and entrepreneurs, and if the USA is truly going to be independent, it has to know the crude truth.

Narrator [00:00:56] This episode is brought to you by LFS Chemistry. We are committed to being good stewards of the environment. We are providing the tools so you can be too. Nape Expo, Where deals happen. Air Compressor Solutions. When everything is on the line, Air Compressed Solutions is the dependable choice to keep commercial business powered up. Sandstone Group. Exec Crue, Elevate your network, elevate your knowledge. Texas Star Alliance, Pecos Country Operating, Fueling our future.

Rey Treviño III [00:01:31] Well, thank you again for always suiting in for another episode of The Crude Truth. As my tagline just said, innovation has truly. Continued to allow not only the only gas industry to survive but to truly survive here even during the downturns. We all know that we take oil and gas very seriously but we also take technology so seriously because we know that with technology we can only get better, more efficient, save money, and also more importantly save time and save lives. Today I I have a wonderful guest, somebody that has become a good friend of mine. He is an innovator. He is somebody that is actually taking Texas by storm with their new product. You are with- cool edge drill bits.

Vasili Borissov [00:02:24] Cool Edge Bits. Yeah. And thank you for having us. I know you were nice enough to be a guest on our podcast, which is just getting started. So we’re definitely trying to grow the viewership and just make everyone aware of who we are and what we do called the cutting edge podcast and appreciate you for having me.

Rey Treviño III [00:02:43] Well, Vasili, I cannot thank you enough for coming in. You all have cool edge bits and you and your father, we’ve had a chance to talk. Like I said, I’ve been on your show and we have somewhat of a similar, I’m gonna use the word background. You work with your dad, I work, so we both work with our families. And they’re both very smart, you know, for those out there that don’t know who you are, because you are really starting to take over Texas as far as I’m concerned, but for those that don t know who are, who is Vasili?

Vasili Borissov [00:03:15] So, you know, I started, I was originally born in Moscow, in Russia, started my life there actually growing up in Siberia and Novosibirsk, which is third largest city in Russia largest in Siberian. And, you now, I just started my live as a love and sports, you I did from karate to hockey in the winters to tennis, try to do all your round. And soon as they see me hold a tennis racket, they’re like no more karate or hockey for you. You know, I got heavily into tennis and training and, you know, good old eighties Russian style training was like they were working with us like we’re professional athletes at age six. So by the time we immigrated here to this country in the early nineties, you know, was a pretty sharp little player already and just be, you know, it was a highly high performance junior, let’s say throughout my junior career ranking at the top of the state, you know, top 10, 20 in the country. And that was my life, you know, just training all day, every day and then going on the weekends or sometimes during the week to play, you know, city, state, national tournaments. And that’s just kind of all I knew was just sports, sports, sport, train. And then, you know, went on to play some professional tennis from that. So just growing up as an athlete, that’s kind of how I grew up. And then. You know, wife came, kids came, injuries came, you know, and so I started coaching, you know, kind of fell into coaching. I never really thought of myself as a coach. I was like, I’m a player. I’m not a coach, but the first experience I had was like pretty rewarding. You know we got to I got to work with a family friend son who was having some struggles and got to kind of help him climb out of it and I was like, man, I realize I like. I love helping other people more than I like helping myself. So I really fell in love with coaching and was doing that for a long time. And and then probably in the last three or four years, I kind of was pushed by a lot of my mostly friends and students and colleagues more than family. Although my wife is always my number one fan and supports everything we do to to really jump out there and kind of. Take on the entrepreneurial mindset that I kind of always knew was deep inside and heart, you know, to really go out into business and start my own business. And so started with the tennis academy and then moved on to other fields and sectors. And then my dad was like, you know, drill bits. So that’s how we started, you Cool Edge Bits a couple years back.

Rey Treviño III [00:05:37] Okay. Well, you know, I love how you just said drill bits. I mean, that’s a perfect segue for those out there. This is when you just held it up a second ago, drill bits is what makes us go. You know, we always say, turn that drill bit to the right. And so the faster we can drill, the more efficient we can grill and the more accurate that we can a well. Always helps us out in the end game because once we’ve drilled it, we got to then, whether it’s a horizontal well or vertical well, there’s more that has to be done. But step one is drilling the well. And so you guys over there, the reason why I really wanted to have you come on is to highlight y’all’s drill bit. We talk a little bit about the history. We did that in our pre-meeting that the drill bit has been around for over 100 years. Howard Hughes over at Baker Hughes, which used to be Hughes drill bits.

Vasili Borissov [00:06:35] And I think there was Hughes Christensen and then yeah.

Rey Treviño III [00:06:38] And they’re the ones that had first done the patent for the modern day drill bit. And then it’s just escalated from there. But I do believe you guys have the next escalate from their drill bit there. And y’all make these, y’al designed them here. But before we get into the drill bit, I wanna talk about your background as far as engineering goes and your family’s engineering background and how that goes and why. This technology is probably the next top technology out there.

Vasili Borissov [00:07:12] Yeah, look, I want to give all the credit to my father. You know, he’s definitely the brains in the family. And I think, you know, I’m very quick to learn, but like I said, I spent a lot of my life just, you know, being an athlete and but I really compare business to sport and the competitive part of it. You know I think it’s a good thing. You know. I always feel a nice little. Jolt in my heart, whether it’s a family member, a colleague, a business partner, or even a competitor that does well, you know, I love to see that like, and if you’re the have the proper mindset that should push you right as a business person or competitor. Like I if you’ve you know someone does well and you kind of like get the kind of little hate and jealousy and envy kind of feeling like you got to adjust your Because we don’t we all want something better for this industry, for this business, for your life, for your family. So to see someone else do well, that should only like encourage you to do better, right? And push you like, Oh, man, let me, this is the new top. Let me get better than that. So, to go back to my dad, you know, he grew up his whole life, you know, was spent on, I mean, he has the highest of the highest degrees, doctorates degrees in many fields, physics, mathematics, mechanical engineering, and many others. And so, you know, the reason we came to this country was he was divided on a Fulbright grant to do research, study, development and teach a class and he started at University of Maryland and then we quickly moved to Houston, U of H, University of Houston. You know, he saw, sadly, you can’t raise your proper family in this country on a teacher salary. So, you know he started his own business, started to do a lot of work with the Navy and developing combustion engines and injectors and burners and also helping with fuel efficiency there with our Navy. And then, you, know, He transitioned into the big, you know, billionaire owned rocket aerospace engineering companies. And then NASA and now, you now we have him to us. But he kind of, you necessarily in the drilling space, but had some friends that were drilling wells across the world and he, like I, is a very good friend to his people and so they just kept complaining to him about their drill bits having issues and slowing down their drilling operations for whatever reason, right? There’s many reasons why drill bits can fail and so, they kind of kept coming to him, coming to him and they kind were smart. They would just bring used drill bits from the, you know, we know the top companies I don’t want to name them that run the service space. Um and just tore up drill bits that was just a chunk of steel you can’t use it anymore and they just kept leaving him in his garage you know and finally i think they left enough to where like he couldn’t get to his car so he was like oh let me take a look you know so finally you know he looked and he immediately with his background in working on heat rejection cooling you know in rocket engine design first stage second stage um he quickly saw a flaw in how how the bits are set up so um you know once he looked at everyone else’s drill bits he kind of saw first of all these nozzles and we have just a few of them that are kind of straight up and down and there weren’t enough of them he felt why is there only five six seven nozzels we need to have more so our bits have 15 to 20 uh but more importantly he felt or he said to himself why are they pointing down to the bottom of the of the of the well or the floor the cutting and all the cutting shearing is happening here at the cutters at the cutting edge right so that’s kind of what all of our IP focuses on as you see these kind of directional guys here. So our nozzles, most if not all of our nozles, point here to the cutters, to the cutting edge, right? To the bottom of the cutter. So by doing that, what we’ve been able to do is basically cut the temperature in half. So whatever temperatures, you know, your big boys are drilling at, we’ve sliced that in half, so what we have is more bit runs, we have an increase in performance, we, have you know longevity is better. When you pull it out the My dad likes to say it looks like a virgin, you know, and just overall, you know any box that you want to check for a PDC bit, matrix or steel body, we feel we can check it just a bit better and we focus this year especially on efficiency cost-saving so you know it better than I do that in this oil and gas space that if you’re saving time you’re saving money, right, from every different aspect. And I like how a friend of mine said it that a long time professional on gas, like, hey, this thing is like the the the racing tires on a sports car. Well, it might be the least cost, the smallest cost. Without these tires, you ain’t going nowhere. So I like to compare that to some of the drilling engineers or drilling directors that I speak to superintendents and they say, hey, listen, man, they’re like this actually in the whole drilling operations, what I pay you per run price per run to rent a bit is probably my lowest cost. But if something goes wrong in the performance or the quality of this product, it ends up costing me the most amount of money to go and fix it or fish it out or whatever. So I thought that was very interesting while per run or the cost just in the drilling operation may be one of the lowest costs, but the problems that it can cause you if something doesn’t go right could be the biggest problems of your entire drill in

Rey Treviño III [00:12:40] When you talk about the biggest problems and you guys are seeing here, what was something that stood out immediately to you and your father when y’all saw all these used drill bits? What was something that popped out immediately?

Vasili Borissov [00:12:53] Yeah, again, just just looking at the damage, you know, the cutters were chipped or broken or completely off. You know, there’s erosion in the blades and again, the nozzle, the hydraulics kind of set up was was very different and not focused on in and you know my dad didn’t just wake up one day and say, oh, let’s let’s point the cutter’s were like there was a lot of mathematics and physics and formulas and analytical approach and then CFD and there was so much work and then on top of that all of his knowledge throughout his life career that he spent on, you know, building different machinery to help it be more efficient, fuel-efficient, or heat-resistant to help with cooling with better performance. He said, man, he figured out that about 70% of what’s happening down-hole… Or the wear and tear of the bits and the let’s say performance slowdowns are because of the heat that’s at the cutting surface so he said well great let’s attack that problem since it’s three quarters of the problem so you know he was able to do that he was able to that and we feel that we have a superior product and we don’t only feel but we’re now showing it early with runs with you know i always say data is is king right i mean you can run your mouth all you want but man the testimony from a drilling a supervisor, a drilling engineer, or a company man with a little paperwork to go behind it of the run report. It’s like, how can you beat that?

Rey Treviño III [00:14:15] You know, facts are always friendly. With y’all’s drill bit, is it something to where it’s going to allow for more runs? So, you know, meaning more drills or faster? Because again, you mentioned that the average drill bit that like that we use down hole, it is running at about 1400 degrees. This one goes about 700 degrees, which is, yeah, half the difference. So does that mean that my well could be drilled quicker, or does that just mean that my actual investment in my drill bit is gonna last longer?

Vasili Borissov [00:14:52] Well, it depends on how you do it. If you buy it, like if you’re purchasing the bit as an asset of yours, then yeah, I mean, it’s going to be further down the line. You’re going to save a lot of money, but most of the, especially some of the West Texas boys, but also in Pennsylvania and North Dakota, some of the customers we’re dealing with, they don’t want the headache of having to deal with the logistics of refurbishing and traveling. And they’re like, look, man, you’ve got a great drill bit. Let me rent it. Let me, when I’m done with it, come pick it up, do your thing, bring it back. So, no, I mean, I think across the board for us as a business, yes, it’s great that when our drill bit does the full job, let’s say a four mile lateral and you pull it, it can go on another run or two. While I talk to other service companies, they’re like, man, we like to repair after every run because, and I get it what they’re saying because they’d rather maybe spend like three to $500 on refurbishment after every run rather than going three or four runs and be like, oh crap, I got to spend $5,000 to refurbish. So that makes sense. But for us. Our product performs better and the longevity because of the heat rejection and cooling of the product is exponentially better. And so we can go on multiple runs before we have to look at repairing the bit.

Rey Treviño III [00:16:08] What about repairing the bit? Okay, so y’all do do the same thing to where y’ all take them back in, get them refurbished, throw some new diamonds in there and send them back down. Cause most drill bits do have some form of a diamond in them, correct?

Vasili Borissov [00:16:22] I mean these cutters right PC poly crystalline diamond compact cutters, right are made of diamonds and diamond material and that’s some of the strongest material on this planet, right? And so that’s what these little guys are made of and man do you know how much pressure goes into this one little point that’s doing the actual little ice cream scoop kind of cutting and shearing at the cutting edge there’s so much pressure so much heat so to keep these diamonds shining as we like to say and clean Um, I. We feel is the number one job, right? Because that is the very end connection, the tip of what is down there cutting that rock.

Rey Treviño III [00:17:01] Shine bright like a diamond.

Vasili Borissov [00:17:02] Yeah, man. Rihanna shout out.

Rey Treviño III [00:17:06] Now you guys also right now are doing a lot of what you’re calling trial runs, but really you’re offering to operators and really to drilling companies out there, hey, come use my drill bit, give it a shot. Is that correct?

Vasili Borissov [00:17:19] We don’t like to say test or trial. My dad forbids that wording. Did I say that? No, no, no. You’re good. I’m saying you potentially could be a customer with your company. The customers call it that because for them it’s a trial. They’re used to the NOVs and Alteras and the Bakers of the world. And so, and we’ve talked about this, the oil and gas space energy in general is a very kind of resistant to change. Very used to this is what I’ve done And this is what I do in 20, 30 years and like, we’re like, Hey, that’s cool. But we’re here and we’re bringing a change and we want to help you. for us to massage the situation. If you want to call it a trial run or whatever, call it whatever you want. My foot’s in the door, now I’m going to show you that I have a superior product and that’s all I want. At that point, if you don’t decide to use CoolEdge Bits for your drilling operations, you’re just being stubborn. Yeah, so how can people get a hold of you guys? Man, we’re everywhere, LinkedIn, CoolEdgeBits.com. You can hit me on the hip in my cell phone. The numbers are out there, the emails are out. We have a great team. I truly feel like for investors to continue to look at us and work with us, and even for customers, you have to be built. Team, to me, is most important. Because I think if you have a really good team of… People that work with you, any problem can be solved, right? No matter what you face, if you have the proper individuals working alongside you to help you solve that problem, anything can be done. And, you know, second is market. I think it’s pretty important for the market to be going up. And while it’s we’ve taken a little hit, you the middle class section of the world has taken a little gut punch in the last couple of months with these tariffs and everything. Although things are coming back, you know, man, I think they’re going to come back in a major way. But the market, in our estimations and market research and analysis, in the next five years, it’s going up, right, in this space. And then, you know product. I think like if you’re an investor and you’re looking to put your money into something. The product has to be better than what’s out there. If I’m an investor, why would I invest in your drill bit? It better be better. Or I’ll just go and invest in an OV or whoever that’s already proven big company. So that’s truly how you need to come in. We’ve got a great team, the market’s going up, and by the way, our product’s the best out

Rey Treviño III [00:19:48] You know, I like how you just said investor because anytime we do put, we drill a well, we’ve always said, hey, we’re literally putting our money in the dirt. And obviously we use, you know who we use and you know, whether we say we’re renting or buying their drill bit, we’re still investing in them every time. And that is so important to remember. And so I really do like that. Vasili, what you guys have been able to do is just very remarkable. And I wanted to highlight it because again, I’m not a doctor as everybody knows. I’m still working on my MBA and just in energy. But with the criteria that you guys have from heat, from fuel efficiency.

Vasili Borissov [00:20:39] Rejection of heat.

Rey Treviño III [00:20:40] Yeah, rejection of heat, excuse me. That’s huge. And to bring all this to this, I wanna compare it to this that energy security is national security. So to be part of the Navy and working on our, and I’m just gonna, you didn’t say ships, but working on fuel efficiency, working on a heat resistivity, that’s all stuff that we do for our national security, Mm-hmm. I feel like you’re putting national security into these drill bits now to make sure that we have the energy security to continue to be strong here in America. And I think that’s awesome.

Vasili Borissov [00:21:20] Yeah, no, I’m all about, you know, I love this country. We moved to this country in the early nineties for a reason. You know, I think that was our heyday. The nineties were, I think, the best era. Um, and sadly, I think, you know, since the, maybe it’s since 9 11 or somewhere around there, we’ve taken a little slide in the last 20 years, we’re still the super power. And I think we’re going to continue to prove that but yeah, I mean, we came here for a capitalist kind of society, free market and I’m just truly blessed and highly favored to be able to step into the business kind of owning different businesses in that whole life because for a long time, I call it I was like in the W-2 prison because I was very, I knew that, you know, if I work at this big. Tennis place or tennis center and I work 60 hours a week and I make this amount of for month and per year then we can live my wife and my five children can live this comfortable lifestyle that we and just that was it boom boom boom hour by hour I know what I’m making but I kind of you know I had to take a chance and take a risk and I think you always do to see some reward and it happened right at the time we made our biggest purchase of our life and bought our nice big beautiful home and I left the big corporate company I was at teaching and started my own business and a lot of my students were like we’ll support you and a lot of them did and my dad was so mad he was like you idiot you have w2 you have 401k what do you know i’m like man that’s all good i said but i believe in myself before i believe in anyone else and man we started to rock and roll and and you know with the tennis academy and then we have a an app company where we create like a boutique app service company We create apps for your business if you like and you know drill bits came into place. So you know we’re trying to we’re try to do a lot but that’s the only way I know how to function. You know tennis is such a sport that It is complete adrenaline is could just complete reaction reflexes is there’s nothing really truly planned. You’re just kind of out there reacting to what’s happening and moving at the craziest speeds. And so like that’s the only way I feel even normal. Like if I come home and sit down for a little break or I’ll just fall asleep. But I’ve got to have things moving like crazy, you know, so.

Rey Treviño III [00:23:37] You know, you mentioned that, you know, being here, being from Russia, I’ve had on Congresswoman Spartz, which is from, oh my gosh, I just went blank. She’s from Indiana or Illinois. I apologize, Congresswoman, Spartz. But she’s from Ukraine.

Vasili Borissov [00:23:50] Ukrainian lady. Yeah, we listened to her.

Rey Treviño III [00:23:53] Yes, and your wife is from there. Ukraine, yes. Ukraine. What are your thoughts on everything going on? You, I’m not saying you grew up in Russia, but you were there till how old? I was nine, nine turning ten. So enough to you’re becoming self-aware at that age.

Vasili Borissov [00:24:08] Oh, yeah.

Rey Treviño III [00:24:08] Obviously, your father saw the better opportunities here,.

Vasili Borissov [00:24:12] RIght.

Rey Treviño III [00:24:12] We are getting closer to an actual ceasefire and hopefully a peace with Ukraine and Russia. And to me, the price of oil is what’s telling me we’re getting closer. We’re we’re creeping back up. We’re finally above 60 again. What are your thoughts on everything going on out there? You know, as. What I’ve always heard is Russia does not, Russia, the citizens have never cared about Americans, that we do a better job of promoting anti-Russia than they do, anti-America. But also the fact that Putin has once again taken over another country. And this time it’s something literally close to your home, meaning your wife is from there. What are your thoughts on this? And do you think that this deal… What are your, we’ll do this first. What are you thoughts on the whole Russia Ukraine thing in this ceasefire?

Vasili Borissov [00:25:00] Look, man, my dream and I don’t know why this is like this, but I think it started kind of Cold War, post-war war two is for forget. And again, the Russia Ukraine conflict is insane. It’s crazy. We’ve had my wife and myself, family members shot injured on both sides paralyzed. It’s insane. Crazy. But I think. It’s like the Trump likes to call it the fake news. It’s the, um… It’s the media and it’s all the hearsay that has drawn these two countries apart since World War II ended. You know, like Russian people, Ukrainian people look just like American people, right? It’s like, I think we’re going completely, or we were in the last, let’s say, four years. In completely the wrong direction. I think if Russia and the United States became true partners and true allies, there’s no stopping that. Like who’s going to, you talk about, you know, who the number three or two or whoever down there below Russia, like they’re, and I don’t understand why, like now I think it’s wrong for, for, you, know, the leader of Russia to have gone in. Honestly, I respect him and I think he’s a very smart fellow. So I was really surprised as to. What happened there and how it happened. I thought that he could have maybe gotten what he wanted or gotten things done in more of a political manner rather than going to attack, but he’s got some history of that, right? But truly I think, I don’t know, man, I’m just all about peace. I’m all about getting along and bringing everyone together. Ukraine is like the little Russia’s like the big brother Ukraine’s like a little sister, you know Oh, so it’s been it’s like I think the reason that happened how it happened is it was like He’s just being surrounded from all sides, right? I mean in the early 90s There was a pact made that the United States or NATO whoever NATO wouldn’t go an inch past Eastern Germany, right And now there’s 17 18 countries that have become NATO that are east of Germany, right? So it would be the same thing as if someone, you know, if Russia went and start to set up shop in Cuba or, I mean, remember when that happened, how we freaked out, right. Or Mexico. You got to feel it from that side. I hate that it is older men and their kind of theories and their games and their territorial battles that they’re not fighting, but they’re having younger. Women and men that are in their 20s fight these battles out that on another day would go sit in a bar and have a beer together and have good time and laugh and joke and smile. And that I hate. You know, I hate that because the dude that’s out there causing this, you go out there and fight. You know what I’m saying? It will never happen.

Rey Treviño III [00:27:47] So they always say that war is a young man go to die for an old man’s grudge. Yeah. And that’s funny. You mentioned how obviously all these countries now are part of it. I did hear something and I’m not an expert that when Ukraine gave away their nuclear ability in the 90s, we had a treaty that was no matter what we’re always going to be there for Ukraine. Um, so that being said, if that’s true and I haven’t done

Vasili Borissov [00:28:20] You hit it on the head right there.

Rey Treviño III [00:28:22] So if that’s the case, then when they did invade, we had the obligation, since it was a treaty, to help out. I don’t know if we needed to be sending all that money, but I also do know that, hey, Ukraine defected from Russia for a reason. And I do find it interesting that all of a sudden when President Trump signs that minerals deal with Ukraine, Russia’s ready to go to cease fire.

Vasili Borissov [00:28:48] Right. I don’t know exactly how quickly that’s going to happen. We all hope and pray every day that that happens as quickly as possible. But yeah, I don’t know, you know, Ukraine didn’t necessarily defect from Russia. I mean, it was USSR, right? The Soviet Union for a long time. And then it broke apart in the early 90s. That’s when we left. Right. And then, you know, all these countries kind of became their own countries, republics. And Ukraine was one Ukraine See, all this stuff is kind of new and crazy to me because when I lived there, Ukraine was like Texas. It was the biggest state in the Union of the Soviet Union. That’s all I know. All this extra stuff now is like… But, there’s people in Eastern Ukraine that completely only speak Russian and that want to be a part of Russia. There’s people that are west of that, central west of, that want to be part of the EU. And I’m all about, again, the reason we moved to this country is because we love the freedom of speech, we love the freedom, we loved the opportunity to be able to, hey, you have a great idea, you have great invention, go start your business and go kill it and do it. Like you didn’t have that back then. Now it’s changed, but like. Why don’t we just allow the people of Ukraine and the people of Russia to, you know, just kind of like choose what they want to do and choose the direction they want to go in and to be able to or to try to force someone in a certain direction. I think is you know. I don’t think it’s right.

Rey Treviño III [00:30:11] Well, I appreciate you going down that little-.

Vasili Borissov [00:30:13] I hate talking politics, by the way.

Rey Treviño III [00:30:15] But you know, I don’t have a lot of people that I do know have firsthand experience.

Vasili Borissov [00:30:21] Right, right.

Rey Treviño III [00:30:21] You know, Congresswoman Spartz did, and I loved having her on.

Vasili Borissov [00:30:25] That’s cool that you had her on.

Rey Treviño III [00:30:26] To talk about this with you, and you mentioned coming here for a better life, and this is the greatest place in the world. And I loved how you said, you saw how we- uh freaked out over Cuba and I love it you’re like we as Americans and and I joke all the time because I always say hey man you know my uh my forefathers George Washington and all that and obviously I’m Hispanic and we know where all my people you know where I truly came from but it’s like once you’re an American once you are in Texas it is you’re right or not.

Vasili Borissov [00:30:56] I identify as a Texan.

Rey Treviño III [00:30:57] Amen to that. Well Vasili look I cannot again thank you enough for your time today for the information. For operators out there, for those really great companies that wanna get to talk to you about this drill bit. How do they find you one more time?

Vasili Borissov [00:31:14] So yeah, just go to our website CoolEdgeBits.com. You can find us on LinkedIn, Cool Edge Bits, you know, LinkedIn page, you can email me at vasili@cooledgebits.com, and really our website has a lot a lot of information that is very useful. You can reach out, you could inquire about you know what bits we make for what different applications. You know, we’re definitely dipping into AI as well. We definitely want to make AI part of our business. So we’re using AI to help us with procurement. Processes and to help us with 3D imaging and scanning and refurbishing and also design. So we’re trying to kind of stay on the leading edge of technology and continue to improve. We don’t want to just stop and say, hey, this is this great design, this great business, what we have, let’s roll. Like we’re continuing to evolve. And in the future, you know, we have other products that we’re working on. We have services that we offer. One of them is called 3D digital dinner and drinks, where you can, as a, let say seller to a buyer or as a service company to an operator, contact us and we’ll set an entire dinner with drinks to your potential. Operators or people that you’re pitching to and we’ll make sure we get a dinner or lunch delivered to their home or office and we will get a bunch of people together to go and listen to you and you can blabber for 20 minutes and there will be a Q&A session and who wouldn’t turn that down? A free dinner to listen to a potential problem solver that’s coming at them.

Rey Treviño III [00:32:42] I love it. I love that. Okay. Well, again, Vasili, thank you so much for coming on. And thank you for sharing this information with us and this technology. Because again, this is going to be a game changer. So just thank you. So much. And to all our listeners and viewers out there, if you got any questions, please reach out to me. We can pass them on or I can get you in contact with them as well. And we’ll see you again on another episode of The Crude Truth

Narrator [00:33:09] Again, The Crude Truth would like to thank today’s sponsors, LFS Chemistry, NAPE Expo, Air Compressor Solutions, Sandstone Group, Exec Crue, Texas Star Alliance, Pecos Country Operating, and Real News Communication Network.

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