This one looks good.
ILI Technologies wins new Thermoflex, RFID contracts
2006-09-18 13:19 ET - News Release
Mr. Serge Bonnet reports
ILI TECHNOLOGIES RECEIVES NEW CONTRACTS TOTALING OVER US$600,000
ILI Technologies (2002) Corp. (ILI-V) has received new purchase orders totalling approximately $375,000 (U.S.) for Thermoflex tubing and associated connectors and accessories. This is the second major order for Thermoflex tubing announced in Stockwatch by ILI over the past six weeks. The company has several additional quotes in the process of review by potential customers.
Thermoflex tubing is an innovative tubing product that offers significant advantages over conventional steel tube in flow lines, injection lines and downhole applications for the oil and gas industry.
In addition, ILI Technologies has a new contract for radio frequency identification tags (RFID) and associated equipment. The company has received a purchase order for approximately $240,000 (U.S.) from Seismic Equipment Solutions LP (SES), which provides products and services on a global basis in the field of oil and gas exploration, including the rental, lease, lease/purchase, sale and technical support of new, used and recertified instrumentation used in land seismic acquisition. SES will use ILI's patented RFID tags to improve its inventory control of seismic acquisition equipment.
Serge Bonnet, president of ILI Technologies, comments: "This is shaping up to be an excellent quarter for ILI. On top of the $450,000 (U.S.) order announced in early August, we have now received orders totalling over $1-million (U.S.) in the last few months, thus surpassing revenue for the entire last year and setting the stage for continued growth throughout the second half of 2006. We are very excited about the potential prospects for our Thermoflex Tubing, as well as our RFID tags." |
