Last checked at 10 Nov 2021 07:00
Enteq Technologies plc
("Enteq")
Exclusive distributor agreements
Enteq Technologies plc (AIM: NTQ.L), the energy services technology and equipment supplier, is pleased to announce the signing of two exclusive distribution agreements with third-party technology providers to enhance and complement Enteq's product range.
Enteq has signed an agreement with Houston, Texas, based Erdos Miller, Inc. to be the exclusive distributor outside North America for two of their major product lines. These industry leading technologies include specialised products for improving signal detection and MEMS (micro-electro-mechanical systems) directional sensors.
The agreement will expand Enteq's range of available technologies offered to international customers. These products are fully aligned with Enteq's existing portfolio; both SABER (Steer At-Bit Enteq Rotary) and MWD (Measurement While Drilling).
Enteq has also signed an agreement with Alberta, Canada, based Mezintel Inc. to be the exclusive distributor outside Canada for their gamma logging and depth tracking software solutions. These products add additional functionality to Enteq's existing MWD equipment product range.
All the above products will be exhibited by Enteq, together with the Group's other technologies, at the ADIPEC trade exhibition in Abu Dhabi which runs from 15 to 18 November 2021.
Andrew Law, CEO of Enteq Technologies plc, commented:
"I am pleased to be working with both Erdos Miller and Mezintel to incorporate their advanced technologies into Enteq's product range and to offer these solutions to the international market.
Both agreements are complementary to Enteq's product portfolio which will enhance the SABER Rotary Steerable System and bolster Enteq's full MWD package, leading to the possibility of increased market penetration."
For further information, please contact:
Enteq Technologies plc +44 (0) 20 8087 2202
www.enteq.com
Andrew Law, Chief Executive Officer
David Steel, Chief Financial Officer
finnCap Ltd (NOMAD and Broker) +44 (0) 20 7220 0500
Ed Frisby, Emily Watts, Tim Harper (Corporate Finance)
Andrew Burdis, Barney Hayward (ECM)