Wilson International, A Business Unit of Smith International, Inc. (NYSE:SII), and Wellstream International (LSE:WSM) are announcing that they have agreed to an exclusive U.S. distributorship of the FlexSteelTM product. Effective immediately, Wilson will be the exclusive and sole distributor of FlexSteel� in the United States.

Timm Bohnert, Wilson�s Director of Line Pipe, commented, �The FlexSteel� product is an excellent complement to Wilson�s line pipe offerings. This revolutionary spoolable piping system will provide Wilson�s customers with a product that combines the transportation and installation advantages of flexible pipe with the strength of steel and the corrosion resistance and flow assurance of polymer liner and outer shield. Wilson is committed to providing cost savings to our customers by partnering with innovative companies such as Wellstream,� says Bohnert.

�Wilson�s expansive sales and operating network and their experience in the piping market is the right vehicle for Wellstream to thoroughly engage the upstream and midstream pipeline markets,� said Jeff Shorter, VP and President of FlexSteel� for Wellstream.

Wilson is an industry-leading provider of pipe, valves, fittings, mill and tool supplies, safety products, coatings, and artificial lift systems to the energy and industrial markets. For more information, visit www.iwilson.com.

Smith International, Inc. is a leading supplier of premium products and services to the oil and gas exploration and production industry. The Company employs approximately 22,000 full-time personnel and operates in over 80 countries around the world.

Wellstream Holdings PLC, is a leading designer and manufacturer of bespoke flexible pipeline products, systems and solutions for the oil and gas industry. Its pipeline portfolio includes established product lines such as dynamic flexible risers and static flowlines, for deep and ultra-deepwater environments, in addition to newer products designed for onshore (FlexSteel�) and high temperature/high pressure products for drilling and service applications. With over 1,000 employees internationally, Wellstream has offices/facilities in the UK, USA, Canada, Brazil and Australia. Further information regarding Wellstream, its products and services can be accessed at www.wellstream.com.

Sprott (NYSE:SII)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Sprott Charts.
Sprott (NYSE:SII)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Sprott Charts.