From its founding in 1955 - just one year after its founder invented of man-made diamonds - Novatek has focused on finding innovative solutions to the worldâs biggest challenges. Over the subsquent five decades, the company has grown into a modern Edison labs. having created, refined, patented, and licensed hundreds of groundbreaking innovations leading to billions of dollars in revenue for collbaorarve partners and clients. The firm has amassed a portfolio of over 600 patents. With a primary focus on synthetic diamondtechnlogy and their use inthe oil and gas industry, Novatek Inc. manufactures milling products. Its products focus on diamond-enhanced picks/teeth, optimized milling drums, and obstacle detection equipment. The company offers CNC lathes, mills, and EDM equipment, as well as precision measuring and finishing tools; asphalt and concrete milling products; and RelChip circuits for various OEM applications, as well as standard and custom parts, and on-demand manufacturing solutions. It also provides metal detection systems for avoiding construction hazards, such as buried manholes, unmarked piping, etc.; and rapid shock testers. June 2004 the firm sold the Oil and Gas diamons manufcaturing division to Reed-Hycalog. In September 2015 it was announced that Novatek itself had been acquired by Schlumberger and wil continue to operate in its Utah facailities as a wholly owned subsiduary of that firm
