Oct. 25, 2007 Flotation Technologies Receives Registered Supplier Status From Petróleo Brasileiro S.A.
Company to Supply Syntactic Foam Flotation Products, Including Distributed Buoyancy Modules for Flexible Risers and Umbilicals
Oct. 25, 2007 - Flotation Technologies, Inc., a world leader in the engineering, design and manufacturing of deepwater buoyancy and polyurethane elastomer systems, today announced it has received its Certificate of Register and Registration Classification (CRCC) as an approved supplier for Petróleo Brasileiro S.A. (NYSE: PBR), Brazil's leading international energy company. Petróleo Brasileiro S.A. is commonly known as Petrobras.
Flotation Technologies worked in conjunction with Daslik do Brazil to obtain this highly coveted recognition. With this certification, Flotation Technologies is positioned to earn new business opportunities based on its leading products, engineering diversity and unparalleled customer service.
"By granting Flotation Technologies with CRCC status, Petrobras acknowledges the dedication to design, manufacturing and engineering of our products," said Tim Cook, president, Flotation Technologies. "This recognition is also indicative of the progress Flotation Technologies has recently made. Through our quality and manufacturing processes we ensure that Petrobras will receive the most highly engineered products in the deepwater buoyancy market."
"We consider Brazil to be of the utmost importance to our company's growth," commented Fred Maguire, sales and marketing manager, Flotation Technologies. "It is one of the fastest growing offshore markets in the world and we look forward to serving Petrobras as a valued supplier of proven deepwater products."
Within the past few years, Flotation Technologies has received its approved vendor status for the supply of engineered products such as distributed buoyancy, installation buoyancy and bend limiting products from customers including Cooper Cameron, Oceaneering Multiflex, Technip and Wellstream as well as several large, independent oil companies.
About Petróleo Brasileiro S.A Headquartered in Rio de Janeiro, Brazil, Petróleo Brasileiro S.A is the national oil company of Brazil and is directly, or through its subsidiaries, engaged in the exploration, production, refining, distribution, import, export, marketing and transportation of hydrocarbons and oil products. For more information, visit www.petrobras.com.br.
About Flotation Technologies, Inc. Flotation Technologies, Inc., based in Biddeford, Maine, is a world leader in the engineering, design and manufacturing of deepwater buoyancy systems using high-strength Flotec™ syntactic foams and polyurethane elastomers. Focused on the offshore oil, oceanographic, seismic and government markets, Flotation Technologies delivers world-class buoyancy products for a host of marine applications such as: distributed buoyancy for flexible pipes and umbilicals, drilling riser buoyancy modules, ROV buoyancy, QuickLoc™ cable floats, Hardball™ umbilical floats, FLOTECT™ cable and pipeline protection, Inflex™ polymer bend restrictors and installation buoyancy of any size and depth rating. For more information, visit www.flotec.com. http://www.flotec.com/about-us/news-and-events/flotation-technologies-receives-registered-supplier-status-from-petr%C3%B3leo-brasileiro-s.a.
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