Green Imaging Technologies of Fredericton is beginning to reap the rewards of its partnership with Oxford Instruments of Britain, as the two companies on Monday released their fully integrated Nuclear Magnetic Resonance (NMR) cell for performing overburden studies.

The two companies, which announced a partnership in May, launched the new cell at the Society of Core Analysts (SCA) Symposium in Austin, Texas.

Green Imaging was formed about five years ago by Derrick and Jill Green to make it easier, faster and more economical for petroleum companies to study the core samples they extract from bedrock. In May, it granted exclusivity to Oxford (a publicly traded company with a market capitalization equal to about $700 million) so the two companies could commercialize the technology together. The first results of that technology are the launch of the NMR cell.

The new cell works with the GeoSpec2 system developed by Green and Oxford, which is a unique and powerful combination of NMR hardware and software, designed to offer the widest possible range of performance and capabilities to core analysts.

In an interview last week, company president Jill Green said the partnership with Oxford will allow the Fredericton company to tap international markets in a way it never could before.  The result may be a doubling or tripling of revenues in the medium term, she said.

Green Imaging received funding from the First Angel Network in 2006, the value of which was never revealed publicly.