Koil Energy Solutions Inc. (KLNG)

[MossyOak]

May be so.We need a little more DD on this part.

Flotation Technologies, Inc., a leader in deepwater buoyancy systems, and Lankhorst Mouldings, a leading supplier of polymeric pipeline ancillary systems, have formed a joint venture. The new company, Lankhorst Flotec Offshore LLC (LFO) will offer solutions from exploration through production.

LFO (Lankhorst Flotec Offshore)
2600 S Gessner, Suite 317
Houston, TX 77063
USA

Introducing Lankhorst Flotec Offshore
A New Company in the Offshore Market
Flotation Technologies, Inc, a global leader in deepwater buoyancy systems, and Lankhorst Mouldings, a leading supplier of polymeric pipeline ancillary systems, have jointly announced the signing of an Alliance Agreement and the creation of a new Joint Venture LLC to offer the combined product lines in the Gulf of Mexico.
The new company, Lankhorst Flotec Offshore LLC (LFO) has been formed to pool the engineering, sales, and product development resources of both companies. Together, they offer a complete portfolio of products and a global reach, with manufacturing in both Europe and the United States. LFO, it is said, will allow for the creation of unique and enhanced solutions from exploration through production, offering all ancillary products from the seabed to the surface. LFO will be the sales and marketing arm of both companies throughout the Gulf of Mexico.

Commenting on the Alliance Agreement, President of Flotation Technologies, Tim Cook, said: "I'm excited by the potential of this alliance, not only for both our companies, but more importantly for our customers. With record high crude prices the offshore market has seen explosive growth. This alliance, and new company it forms, will allow Lankhorst and Flotation Technologies to better serve the market and meet its growing needs."

Speaking on behalf of Lankhorst Mouldings, Managing Dirfector, Ed Flohr, said: "We both recognized how each of our companies complemented the other from the onset of discussions. This alliance combines the industry expertise and product knowledge of two companies that share the same vision and have similar values. Our ultimate goal is to better serve our customers by providing them with a complete solution from a single vendor while meeting the unique needs of the offshore marketplace as a whole."
For more information on LFO visit: www.lf-offshore.co

http://www.platform-oilandgas.com/newsdetail.lasso?section=Business%20News&issue=89&issue_date=June%202006