Enteq Upstream PLC New commercial collaboration (1287K)
11 December 2018 - 11:00PM
UK Regulatory
TIDMNTQ
RNS Number : 1287K
Enteq Upstream PLC
11 December 2018
11 December 2018
Enteq Upstream plc
("Enteq" or the "Company")
New commercial collaboration
Enteq, the oilfield services technology and equipment supplier,
announces a new commercial collaboration that will result in a
launch of a new product.
The commercial collaboration is with QDC, an oilfield services
technology company based in Houston, Texas. The integration of
Enteq's well established firmware and electronics, for little
incremental development cost to Enteq, with QDC's proven and
respected orientation module, will create an innovative Integrated
Measurement While Drilling Directional sensor which will become a
competitive new product for both companies.
Martin Perry, CEO of Enteq Upstream plc, commented:
"The collaboration demonstrates Enteq's commitment to remain
competitive and innovative through new product introductions from
both internal engineering investment and partnerships."
For further information, please contact:
Enteq Upstream plc +44 (0)149 461 8739
Martin Perry, Chief Executive Officer
David Steel, Finance Director
Investec Bank plc (NOMAD and Broker) +44 (0)20 7597 5970
Chris Treneman, Patrick Robb, David Anderson
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