Oil States Wins Spotlight on New Technology® Award for Deepsea Mineral Riser System
Oil States’ President and Chief Executive Officer,
"We are proud and honored to receive a Spotlight on New Technology® Award from OTC. Our Merlin™ Deepsea Mineral Riser System provides a robust, fast make-up, hands-free, automated system capable of withstanding extreme operating conditions in the remote deepwater regions of the world. We would like to thank the OTC for this award and the associated recognition it brings for our technology supporting the emerging renewable energy industry. We look forward to supporting the growing demand for future deepsea minerals gathering required for the advancement of clean energy technologies."
OTC’s Executive Director,
"Through the 2021 Spotlight on New Technology® Award, the
In addition to the recognition associated with this award,
Cosmos Shoji Co Ltd, Japanaward to supply a Deepsea Minerals Riser System (first quarter 2020)
- Allseas Deepsea Minerals Riser System award for ultra-deep water (first quarter 2021)
- Front-end Engineering & Design (FEED) Study for Green Minerals AS (
Norway) Harsh Environment Deepsea Minerals Gathering System (first quarter 2021)
Forward Looking Statements
The foregoing contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are those that do not state historical facts and are, therefore, inherently subject to risks and uncertainties. The forward-looking statements included herein are based on current expectations and entail various risks and uncertainties that could cause actual results to differ materially from those forward-looking statements. Such risks and uncertainties include, among others, the level of supply of and demand for oil and natural gas, fluctuations in the prices thereof, the cyclical nature of the oil and natural gas industry, the impact of the COVID-19 pandemic on our Company and our customers, the other risks associated with the general nature of the energy service industry and other factors discussed in the "Business" and "Risk Factors" sections of the Company's Annual Report on Form 10-K for the year ended
For more information on the Company, please visit Oil States International’s website at www.oilstatesintl.com.
Executive Vice President, Chief Financial Officer and Treasurer
Source: Oil States International, Inc.