Last checked at 5 Nov 2012 07:00
5th November,2012
Dialight plc
Dialight secures major order from US rig owner/operator
Dialight (LSE: DIA.L), the innovative global leader in LED lighting technology, today announces that it has secured an order to provide 1,224 LED lighting fixtures, with a total contract value of approximately $850,000, to a major US rig owner and operator for use on eight newly constructed onshore drilling rigs.
The Texas-based customer, who has in excess of 1,000 land rigs in its fleet, along with platform and barge rigs, has placed the order following a successful trial of Dialight's LED light fixtures.
This contract represents Dialight's first large rig order and consists of a combination of Class I, Div 1 and Class II, Div 2 fixtures, along with the associated mounting bracket accessories. As the industry's only certified provider of these particular type of Class I, Div 1 products, Dialight was uniquely placed to offer the customer a tailored lighting solution appropriate for hazardous environments.
Roy Burton, Dialight's Group Chief Executive, said:
"We believe that this order is just the beginning of what we see as a major growth area for our LED fixtures. We are rapidly expanding our operations and sales forces in regions such as Brazil, Eastern Europe, the Middle East and South-East Asia, among others, to take advantage of the opportunity in the oil & gas market. There are a huge number of drilling rigs around the world with the potential for integrating LED lighting suitable for hazardous locations and Dialight is particularly well-positioned to service that market. We are looking forward to securing more contracts of this nature in the future, for both new and serviced existing rigs, as the industry continues to recognise the considerable value proposition of LED lighting."
For further information, please contact:
Roy Burton - Group Chief Executive
Mark Fryer- Group Finance Director
Dialight plc Tel: +44 (0) 1638 778640
Robert Speed, Andrew Jones
Kreab Gavin Anderson, Tel: +44 (0) 20 7074 1800,
Email: dialight@kreabgavinanderson.com
About Dialight
Dialight (LSE: DIA.L) is leading the energy efficient LED lighting revolution around the world for industrial and hazardous areas as well as transportation and infrastructure applications. For 40 years it has been committed to the development of LED lighting solutions that enable organizations to vastly reduce energy use and maintenance needs, improve safety, ease disposal and reduce CO2 emissions. The company is headquartered in the UK with operations in the USA, UK, Denmark, Germany, Japan, Malaysia, Australia and Mexico. www.dialight.com