"Distributed buoyancy modules are a critical component of deepwater production systems and are used to maintain a pre-defined configuration such as lazy, steep, or pliant wave in flexible risers, umbilicals and SCRs. These configurations allow the vessel a full range of surface movement without putting undue stress upon the subsea lines and to decouple wave action from the seabed. Made from two major components, the internal clamp and the flotation element, distributed buoyancy modules are engineered and manufactured by Flotation Technologies to meet the stringent requirements of long-term service while minimizing installation time."
This is going to be a great acquisition for DPDW, as the company uses a lot of these "yellow barrels". With the depths to the trees being greater for deepwater and ultra-deep wells, demand should only increase in the future!
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.
Market Data 
Markets 
AI
