Koil Energy Solutions Inc. (KLNG)

[SageWise]

This is huge, humongous, gigantic IMO. Now we know we'll have a more direct play with PBR's projects!

http://www.flotec.com/flo8.html

Flotation Technologies Receives Registered Supplier Status From Petróleo Brasileiro S.A.
Company to Supply Syntactic Foam Flotation Products, Including Distributed Buoyancy Modules for Flexible Risers and Umbilicals

Oct. 25, 2007 - Flotation Technologies, Inc., a world leader in the engineering, design and manufacturing of deepwater buoyancy and polyurethane elastomer systems, today announced it has received its Certificate of Register and Registration Classification (CRCC) as an approved supplier for Petróleo Brasileiro S.A. (NYSE: PBR), Brazil's leading international energy company. Petróleo Brasileiro S.A. is commonly known as Petrobras.

Flotation Technologies worked in conjunction with Daslik do Brazil to obtain this highly coveted recognition. With this certification, Flotation Technologies is positioned to earn new business opportunities based on its leading products, engineering diversity and unparalleled customer service.

"By granting Flotation Technologies with CRCC status, Petrobras acknowledges the dedication to design, manufacturing and engineering of our products," said Tim Cook, president, Flotation Technologies. "This recognition is also indicative of the progress Flotation Technologies has recently made. Through our quality and manufacturing processes we ensure that Petrobras will receive the most highly engineered products in the deepwater buoyancy market."

"We consider Brazil to be of the utmost importance to our company's growth," commented Fred Maguire, sales and marketing manager, Flotation Technologies. "It is one of the fastest growing offshore markets in the world and we look forward to serving Petrobras as a valued supplier of proven deepwater products."

Within the past few years, Flotation Technologies has received its approved vendor status for the supply of engineered products such as distributed buoyancy, installation buoyancy and bend limiting products from customers including Cooper Cameron, Oceaneering Multiflex, Technip and Wellstream as well as several large, independent oil companies.