Superior Drilling Products, Inc. Expands Operations to Abilene, Texas
August 30 2018 - 6:30AM
Business Wire
Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or
“Company”), a designer and manufacturer of drilling tool
technologies, announced today that it has entered into a commercial
lease related to property in Abilene, Texas to support the
manufacture and repair the Company’s product lines and enhance its
ability to efficiently service customers.
Troy Meier, Chairman and Chief Executive Officer commented,
“This Texas facility represents an important step in our growth and
expansion. Rather than sending all repairs to Vernal, UT, this
facility will give us much better logistics for servicing our
markets in the region, as well as provide a staging ground for
enhancing our bit repair relationships. Importantly, it will also
act as a full service facility for the StriderTM product line.”
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge
drilling tool technology company providing cost saving solutions
that drive production efficiencies for the oil and natural gas
drilling industry. The Company designs, manufactures, repairs and
sells drilling tools. SDP drilling solutions include the patented
Drill-N-Ream® well bore conditioning tool and the patented
StriderTM oscillation system technology. In addition, SDP is a
manufacturer and refurbisher of PDC (polycrystalline diamond
compact) drill bits for a leading oil field service company. SDP
operates a state-of-the-art drill tool fabrication facility, where
it manufactures its solutions for the drilling industry, as well as
customers’ custom products. The Company’s strategy for growth is to
leverage its expertise in drill tool technology and innovative,
precision machining in order to broaden its product offerings and
solutions for the oil and gas industry.
Additional information about the Company can be found at:
www.sdpi.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180830005146/en/
Investor RelationsKei Advisors LLCDeborah K. Pawlowski,
716-843-3908dpawlowski@keiadvisors.com
Superior Drilling Products (AMEX:SDPI)
Historical Stock Chart
From Aug 2024 to Sep 2024
Superior Drilling Products (AMEX:SDPI)
Historical Stock Chart
From Sep 2023 to Sep 2024