Buoyancy co. gets more buoyant By Mainebiz news staff (05/12/08)
Flotation Technologies Inc., in Biddeford, has received a $5.5 million contract to build a custom-designed buoyancy "solution" for an unnamed international energy company.
The client and product are confidential due to the nature of the project, according to a press release from the company. Flotation Technologies designs and manufactures deepwater buoyancy and polyurethane elastomer systems.
On April 18, Houston-based Deep Down Inc. acquired Flotation Technologies in a stock deal estimated at $23 million.
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