New commercial collaboration

RNS Number : 1287K

Enteq Upstream PLC

11 December 2018

 

11 December 2018

Enteq Upstream plc

("Enteq" or the "Company")

New commercial collaboration

Enteq, the oilfield services technology and equipment supplier, announces a new commercial collaboration that will result in a launch of a new product.

The commercial collaboration is with QDC, an oilfield services technology company based in Houston, Texas. The integration of Enteq's well established firmware and electronics, for little incremental development cost to Enteq, with QDC's proven and respected orientation module, will create an innovative Integrated Measurement While Drilling Directional sensor which will become a competitive new product for both companies.

Martin Perry, CEO of Enteq Upstream plc, commented:

"The collaboration demonstrates Enteq's commitment to remain competitive and innovative through new product introductions from both internal engineering investment and partnerships."

For further information, please contact:

Enteq Upstream plc                                                                 [phone]

Martin Perry, Chief Executive Officer

David Steel, Finance Director

Investec Bank plc (NOMAD and Broker)                               [phone]

Chris Treneman, Patrick Robb, David Anderson

 

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