Koil Energy Solutions Inc. (KLNG)

[JoeSmith]

4mars and 10bagger
My understanding is the alliance pertains only to ROV tooling and/or ROV tools. I wouldn't read any more than that into it. imo

I don't know it this is the only agreement or not between the two companies. This is the one I know of.

"Under the alliance, Mako will become the exclusive ROV Tooling rental outlet for Perry Slingsby Systems in the Gulf of Mexico and will stock a complete line of spares and also maintain a fully trained support staff. Perry Slingsby Systems and Mako Technologies will work together to ensure that the very latest in ROV tooling is available and fully supported in Mako's rental fleet, meeting the evolving and expanding market for Deepwater Intervention Tooling."

here is a complete announcement from Mako..

Press Release - Perry Slingsby Systems and Mako Technologies reach agreement for GOM ROV Tooling Rental Alliance



Jupiter, Florida , August 2004 - As the leading producer of ROV Systems, Trenchers and ROV Tooling, Perry Slingsby Systems has entered into an agreement with Mako Technologies in order to offer an extensive range of Perry Slingsby Systems ROV Tooling through Mako's rental fleet. Mako Technologies is a leading provider of rental equipment to the offshore industry, and will now significantly expand its ROV Tooling inventory with the latest tooling technology from Perry Slingsby Systems. Mako Technologies will have immediate access to the extensive Perry Slingsby Systems portfolio of ROV tools and technology, as well as their world-class engineering and service support. Under the alliance, Mako will become the exclusive ROV Tooling rental outlet for Perry Slingsby Systems in the Gulf of Mexico and will stock a complete line of spares and also maintain a fully trained support staff. Perry Slingsby Systems and Mako Technologies will work together to ensure that the very latest in ROV tooling is available and fully supported in Mako's rental fleet, meeting the evolving and expanding market for Deepwater Intervention Tooling.

“This agreement with Mako Technologies gives Perry Slingsby Systems the ability to locate ROV tools closer to customer's jobsites, with full spares and local support. The local presence and expanded inventory will allow our customers easier access to our tooling on short notice, for both short and long term requirements.” stated Martin Anderson, Managing Director and CEO. “Perry Slingsby Systems has an extensive portfolio of ROV tooling and technology that our customers require to meet the growing demands of deepwater projects. We're very excited to have this expanded range of equipment in our rental fleet. Using the same extensive spares inventory and trained technicians that support our equipment rental fleet, we can also manage and support equipment that is owned by our customers.” stated Jacob Marcell, President of Mako Technologies Inc.

Perry Slingsby Systems, a member of the Technip Group, is recognized as the world leader in the design and manufacture of underwater remotely operated vehicles ( ROV 's) and related subsea equipment. From facilities in the US and the UK , Perry Slingsby Systems has, for over 40 years, developed subsea intervention technologies for the oil & gas, telecom, military and other specialist markets. Today, Perry Slingsby Systems markets a comprehensive range of state-of-the-art ROV 's, robotic tooling products and robotic engineering capabilities, all backed by a worldwide network of after sales service and support.

and the link
http://www.makotechnologies.com/Mako_Perry_pressrelease.html

jmho