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Koil Energy Solutions to Provide Cable Services for Wave Energy Application
Koil Energy Solutions to Provide Cable Services for Wave Energy Application
HOUSTON, Dec. 01, 2022 (GLOBE NEWSWIRE) -- HOUSTON – Koil Energy Solutions, Inc. (OTCQB: KLNG) ("Koil Energy" or the "Company"), an international specialist in subsea energy equipment and services, today announced the receipt of an order to provide cable termination services for a wave energy project.
"This award is another step in progressing our core competencies beyond our traditional lines of business in the oil and gas sector," said Charles Njuguna, President and CEO of Koil Energy. "This wave energy opportunity highlights the transferability of our expertise to other energy sectors and provides further validation of our strategy to rebrand and reposition the Company as a leading provider of fully integrated solutions."
The initial phase of the project is scheduled for the fourth quarter of 2022 with additional phases expected to be completed in 2023.
About Koil Energy
Koil Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. The Houston-based company founded in 1997 and formerly known as Deep Down, Inc. is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Energizing the Future. Koil Energy's highly experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Visit to learn more.
Forward-Looking Statements Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.
Investor Relations Contact:
Trevor Ashurst
VP of Finance
ir@koilenergy.com
Media Contact:
Hunter Dodson
Pierpont Communications
512-914-6745
hdodson@piercom.com
HOUSTON, Dec. 01, 2022 (GLOBE NEWSWIRE) -- HOUSTON – Koil Energy Solutions, Inc. (OTCQB: KLNG) ("Koil Energy" or the "Company"), an international specialist in subsea energy equipment and services, today announced the receipt of an order to provide cable termination services for a wave energy project.
休斯顿,2022年12月1日(Global Newswire)-国际海底能源设备和服务专业公司休斯顿-Koil Energy Solutions,Inc.(OTCQB:KLNG)(以下简称“Koil Energy”或“公司”)今天宣布收到一份为一个波浪能项目提供电缆终端服务的订单。
"This award is another step in progressing our core competencies beyond our traditional lines of business in the oil and gas sector," said Charles Njuguna, President and CEO of Koil Energy. "This wave energy opportunity highlights the transferability of our expertise to other energy sectors and provides further validation of our strategy to rebrand and reposition the Company as a leading provider of fully integrated solutions."
Koil Energy首席执行官兼首席执行官查尔斯·恩朱古纳表示:“这一奖项是我们在石油和天然气领域超越传统业务领域核心能力的又一步。”这一波能机会凸显了我们的专业知识向其他能源部门转移的可能性,并进一步证实了我们重新塑造品牌和重新定位公司作为全面集成解决方案的领先供应商的战略。“
The initial phase of the project is scheduled for the fourth quarter of 2022 with additional phases expected to be completed in 2023.
该项目的第一阶段计划于2022年第四季度完成,其他阶段预计将于2023年完成。
About Koil Energy
关于Koil Energy
Koil Energy is a leading energy services company offering subsea equipment and support services to the world's energy and offshore industries. The Houston-based company founded in 1997 and formerly known as Deep Down, Inc. is comprised of world-class experts in engineering and manufacturing who provide innovative solutions to complex customer challenges with a fearless commitment to Energizing the Future. Koil Energy's highly experienced team can support subsea engineering, manufacturing, installation, commissioning, and maintenance projects located anywhere in the world. Visit to learn more.
Koil Energy是一家领先的能源服务公司,为世界能源和近海行业提供海底设备和支持服务。这家总部位于休斯顿的公司成立于1997年,前身为Deep Down,Inc.由世界级的工程和制造专家组成,他们为复杂的客户挑战提供创新的解决方案,无畏地致力于为未来注入活力。Koil Energy经验丰富的团队可以为世界各地的海底工程、制造、安装、调试和维护项目提供支持。访问以了解更多信息。
Forward-Looking Statements Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the Securities and Exchange Commission, copies of which are available from the Company without charge.
前瞻性陈述本新闻稿前面几段中的任何前瞻性陈述都是根据1995年《私人证券诉讼改革法》中的安全港条款作出的。请投资者注意,此类前瞻性陈述涉及风险和不确定因素,因为实际结果可能与前瞻性陈述中预测的结果大不相同。在经营过程中,我们受到某些风险因素、竞争和竞争压力、对一般经济和工业状况的敏感性、国际政治和经济风险、原材料的可获得性和价格以及商业战略执行的影响。欲了解更多信息,请参阅公司向美国证券交易委员会提交的文件,这些文件的副本可从公司免费获得。
Investor Relations Contact:
Trevor Ashurst
VP of Finance
ir@koilenergy.com
投资者关系联系人:
特雷弗·阿舍斯特
财务副总裁
邮箱:ir@koilenergy.com
Media Contact:
Hunter Dodson
Pierpont Communications
512-914-6745
hdodson@piercom.com
媒体联系人:
亨特·多德森
皮尔庞特通信公司
512-914-6745
邮箱:hdodson@piercom.com
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