Koil Energy Solutions Inc. (KLNG)

[doogdilinger]

There has always been a limited number of global suppliers of drilling riser buoyancy products...no more than a handful at most(Cuming Corporation, Flotation Technologies, Resinex, CRP, and Matrix) since syntactic foam was developed for subsea applications in the 1960s.

Reputation is a key feature in a firm’s ability to win contracts, and can take some time to acquire e.g. complying with testing/qualification requirements etc. All companies are required to comply with a qualification process for all major projects and firms producing other syntactic foam products such as for remotely operated vehicles (ROVs) are familiar with such testing.

So for DDI to secure this acquisition already, shows that they have the right team assembled for continued growth in the ultra-deepwater sector & I'm just imagining the scale of winning contracts which will be coming down the pike over these next several years as DPDW continues showing their customers ever increasing full scale technical solutions!