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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: marc chatman who wrote (37324)2/11/1999 12:19:00 PM
From: Mike from La.  Read Replies (1) of 95453
 
This looks like the same type of compressor business.

IMW Atlas and Dresser-Rand Team Up To Serve Compressed Natural Gas Market

LOUISVILLE, Ky. (BUSINESS WIRE) - IMW Atlas Industries and Dresser-Rand Company have announced an exclusive teaming agreement to jointly serve the Compressed Natural Gas (CNG) Vehicle market. The goal of the cooperative effort is to compete more effectively in the CNG fueling station business. IMW Atlas will offer Dresser-Rand VIP series compressors for all large applications (over 150 hp) in the CNG fueling station market.
The VIP (valve-in-piston) compressor, first introduced by Dresser-Rand in 1994, is one of the company's most significant compressor innovations in recent years. Able to produce higher capacity with greater efficiency, the VIP has already been successful in the gas field industry, with over 100 compressors and over 300 cylinders in service. The VIP compressor can be designed for both lubricated and non-lubricated applications, and offers increased reliability.

"Dresser-Rand's focus on quality products and service along with their broad experience in the natural gas industry complements our growth in manufacturing CNG fueling systems, particularly transit applications. The VIP compressors will make us even more responsive and competitive in this market segment," said Dale Dodrill, IMW Atlas President and CEO.

The IMW Atlas and Dresser-Rand Team has the mission of delivering the best NGV fueling station equipment value to its customers by sharing resources to improve product quality while reducing costs, risk, and delivery lead time. Specifically, the team objectives are:

Industry leadership in quality, safety, and reliability
Shortened order-to-delivery cycle
Customer satisfaction by meeting requirements through error free work
Product support and service for all units placed in the field
Minimizing compression and dispensing costs
Advancing the growth of the market
Development of new technology
The team is committed to long-term customer relationships in which its extensive resources are used to support the client through the life of the equipment.

Dresser-Rand is the leading provider of energy conversion solutions worldwide. Integral to this, the company designs, manufacturers, sells and services large, highly engineered centrifugal and reciprocating compressors, steam and gas turbines, and control systems for the oil and gas, chemical, petrochemical and power generation industries. The company has 11 manufacturing and testing facilities, over 70 sales offices and over 20 service centers worldwide.

The Dresser-Rand Company is a partnership of Halliburton Company, of Dallas, and Ingersoll-Rand Company of Woodcliff Lake, New Jersey. Additional information about Dresser-Rand can be found on the company's web site at www.dresser-rand.com.

Since its formation in 1993, IMW Atlas has developed one of the industry's strongest reputations as a responsible provider of CNG compressors and fueling stations. Over the past two years IMW Atlas has built more transit CNG applications than any other manufacturer of fueling stations. The Dresser-Rand compressors are well suited for these installations. Visit the IMW Atlas web site at www.imwcng.com.





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