Accumyn assists QWebL Progress from Development to Revenue Generation

QWebL, Inc. is a Houston based home automation system provider that specializes in delivering an out‐of‐the‐box solution to home builders, integrators and homeowners, offering control and customization through easy to use controls. Although QWebL developed revolutionary software to make home automation possible, it still required the leadership of a financial professional to transition it to its next phase ‐‐ revenue generation. Based on the strength of prior services provided to QWebL, Accumyn was asked to assist the company through our…

Accumyn Assists in the Successful Restructuring of Particle Drilling Technologies

Particle Drilling Technologies, Inc., based in Houston, Texas, is an oilfield service company in the process of commercializing its patented advanced drilling technology known as Particle Impact Drilling (PID). The purpose of the PID System is to significantly reduce the time and cost of drilling hard rock or other difficult to drill formations. The company was publicly‐held from 2004 through May of 2009, and has operated since 1993. Deteriorating capital markets, costly financing and weak financial management were driving Particle’s…

Commission Orders Construction Cost Overruns Borne by Utility in Matter Involving Accumyn Testimony

Accumyn Consulting recently completed an engagement for a state regulatory agency representing ratepayers in a proceeding to address the rising cost of construction for an electric generating facility. The regulatory commission order concluding the Duke Energy Edwardsport case has reduced ratepayer liability for construction cost overruns by almost $900 million, and capped the costs for the life of the Project, saving ratepayers approximately $2 billion over the next 30 years. Accumyn experts, Scott Bayley and Robert James, were asked to provide…

Accumyn’s Stephen Traicoff Performs Analysis of Multi-Year, Fixed Price Gas Sales Contract

The deregulation of the California energy markets, intended to provide consumers with competitive energy prices, had the unintentional result of allowing market manipulation and inducing significant volatility in power and gas prices. During this time, several regulated power and gas utilities became active, via unregulated affiliates, in the commercial trading and retail marketing of power and gas to small-scale commercial customers. Following a dramatic run-up in prices in late 2000 and early 2001, these unregulated affiliates attempted to lock in…

Scott A. Bayley Provides Trial Testimony Regarding Value of Partnership Interest in Real Estate Ventures

Scott Bayley provided an expert disclosure, deposition testimony, and trial testimony resulting in a unanimous twenty-seven page verdict for the minority partner on all claims (breach of fiduciary duty, breach of contract, minority oppression, fraud, civil conspiracy, and aiding and abetting) including punitive damage findings in less than two hours.

Accumyn Consulting Adds Value In Construction Lien Dispute At A HPIB Unit

Accumyn director Robert James, PE, and chemical engineer Carl Bradow were hired by counsel for Amegy Bank National Association (the plaintiff) to provide expert services in support of the bank’s position in a matter involving contractor liens on materials and equipment.  After the bankruptcy of its owner, several contractors (the defendants) had claimed removal of their installed improvements at a High Purity Isobutylene (“HPIB”) unit constructed in Pasadena, Texas.  Mr. James’ testimony was deemed credible and given substantial weight in the Court’s…

Fraud Detection

Accumyn in the News: Accumyn Consulting - Dispute Analysis President and Director Scott A. Bayley and affiliate Director David N. Eliff wrote the article “Fraud Detection” that appeared in the Oil & Gas Investor.