Forum Energy Technologies Awarded Contract for Submarine Rescue Vehicle and Remotely Operated Vehicle
June 11 2018 - 4:39PM
Business Wire
Forum Energy Technologies, Inc. (NYSE: FET) announced today that
it received an order from Submarine Manufacturing and Products,
Ltd. (SMP) to supply a submarine rescue vehicle (SRV), a work-class
remotely operated vehicle (ROV), and associated launch and recovery
systems. The ROV and SRV will be delivered in 2019 and 2020,
respectively, and integrated by SMP with additional equipment for
delivery to a navy in the Far East.
The SRV, an onboard piloted rescue submarine, is similar to
Perry’s proven design of rescue vessels, and will incorporate the
most current subsea vehicle technologies. The SRV will be capable
of operating in depths greater than 500 meters, carrying a maximum
of 19 people, and will be fully integrated with a hyperbaric rescue
facility supplied by SMP. The SRV and ROV will be designed and
manufactured at Forum’s facility in Kirkbymoorside, United
Kingdom.
The Perry XLX-C series ROV, will be used to support the SRV in
its operations by assessing and preparing a site for a submersible
rescue. The XLX-C will be fitted with Forum’s latest technology and
will be capable of delivering specialized equipment, including an
Emergency Life Support System, to a distressed submarine. A
simulator, with a number of scenarios, will be supplied as a
training aid for the ROV pilots.
“The choice of Forum’s Perry vehicles validates that our subsea
technological capabilities are applicable to a wide range of uses
outside of our traditional oil and gas arena,” said Prady Iyyanki,
Forum’s Chief Executive Officer. “Our Subsea team has done a great
job diversifying into other applications. This is the largest
multi-year Subsea order we have received since our 2012 IPO and the
first of the global non-oil and gas project awards we hope to
obtain this year.”
Forum Energy Technologies is a global oilfield products company,
serving the drilling, subsea, completions, production and
infrastructure sectors of the oil and natural gas
industry. The Company manufactures products that are consumed
in the drilling, well completion, production and transportation of
oil and natural gas as well as highly engineered capital equipment.
Forum is headquartered in Houston, TX with manufacturing
and distribution facilities strategically located around the
globe. For more information, please visit www.f-e-t.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180611006190/en/
Forum Energy Technologies, Inc.Mark Traylor, 281.368.1108Vice
President, Investor Relationsmark.traylor@f-e-t.com
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