Koil Energy Solutions Inc. (KLNG)

[JoeSmith]

Flotation Technologies Recognized for Manufacturing Excellence
Edit: Aug 2007
(picture)

Flotation Technologies, Inc., of Biddeford, a global leader in the design and production of deepwater buoyancy systems, received the Manufacturing Excellence Award from Maine Manu-facturing Extension Partnership (MEP) recently for superior manufacturing practices that have allowed the technology company to successfully compete in the international market.

DECD Commissioner John Richardson also attended the event to support Flotation Technologies' employees and their proactive approach to streamlining production operations and becoming a world leader in providing cost-effective products to the oceanographic, offshore, seismic and military markets.

"Flotation Technologies is an innovative company that is utilizing the resources available to Maine businesses to compete in the global economy and strengthen their infrastructures," said Commis-sioner Richardson. "DECD and its partners, including Maine MEP, are here to support businesses and help them succeed."

Maine MEP recently assisted Flotation Technologies in the development of several new business practices and methods as the company expanded into a 45,000-square-foot facility in the Biddeford Industrial Park. The new facility will include high-tech automated production equipment that will allow Flotation Technologies to triple its production capacity.

The company currently employs 42 people, including the addition of 14 employees since the Maine MEP assessment, and hopes to have more than 50 employees by the end of 2007.

Visit www.flotec.com for more information on Flotation Technologies, Inc.
http://www.mainemep.org/press/pr2007_aug01.pdf