“Expanding our cable management expertise beyond our traditional oil and gas business was a key plank of our strategic transformation,” said
The project will require Koil to provide equipment and personnel for installation and recovery activities for fiberoptic cables and accessories, which will be used for military exercises in inland waterways.
“While our primary focus remains on the energy industry, being called upon to support such a project provides further validation of the applicability of our capabilities in other industries,” said Njuguna.
About Koil Energy
Koil Energy is a leading energy services company offering subsea equipment and support services to the world’s energy and offshore industries. The
Forward-Looking Statements Any forward-looking statements in the preceding paragraphs of this release are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties in that actual results may differ materially from those projected in the forward-looking statements. In the course of operations, we are subject to certain risk factors, competition and competitive pressures, sensitivity to general economic and industrial conditions, international political and economic risks, availability and price of raw materials and execution of business strategy. For further information, please refer to the Company's filings with the
Investor Relations Contact:
VP of Finance
tashurst@koilenergy.com
Media Contact:
512-914-6745
hdodson@piercom.com
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