Technical Industries, Inc., a Division of Energy & Technology, Corp. Received the First Offshore Deepwater Project for Chevron at the Abbeville facility.
Technical Industries, Inc., a division of Energy & Technology, Corp. ( trading symbol ENGT ) received the first offshore deepwater project for Chevron at the Abbeville facility. The proprietary VisonArray 3D O.D. and wall imaging technology, developed by TI’s Engineering and Research department, has again proven viable for deepwater projects.
Dr. Michael Payne working for BP requested the technology be developed in early 2000 in order to venture safely into deep-water drilling. This technology was proven in several deepwater projects including Crazy Horse, Mad Dog, Holstein, Mississippi Canyon, Hibernia, and many others. BP stopped using VisonArray 3D imaging and other new technologies under engineer Steve Morey, prior to the BP Macando explosion.
Pictured from left to right:Alejandra Gutierrez, Irisael Gonzales, Paul Khawli, Chris Johnson, Troy Walker, Charlotte Crosswhite, Stephen Hefner, George Sfeir, Ed Baudoin, Jr, Jim Beadle Jr, Amer Salhi
About Energy & Technology Corp.
As the holding company for Technical Industries, Inc., Energy Pipe, LLC and Energy Threading, Energy & Technology Corp. (OTCBB: ENGT) is a single source for rig, integrated systems, down hole tools, OCTG tubing and casing, line pipe, drill pipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, non-destructive testing, storage and other products and services. To learn more about ENGT visit: www.engt.com.
SAFE HARBOR STATEMENT
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2008 and other documents filed by ENGT with the SEC.
For additional information, contact Chris Johnson, ph. - 337-984-2000