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Gold/Mining/Energy : Wenzel Downhole Tools Ltd (WZL) - was Master Downhole -- Ignore unavailable to you. Want to Upgrade?

To: Robert Raymond who wrote (73)	9/29/1999 9:34:00 AM
From: Robert Raymond	Read Replies (1) \| Respond to of 104

Press release WENZEL DOWNHOLE TOOLS LTD. ASE SYMBOL: WZL SEPTEMBER 29, 1999 Wenzel Downhole Tools Reaches Distribution Agreement with Ceram-Kote Canada Inc. CALGARY, ALBERTA--The management of Wenzel Downhole Tools Ltd. is pleased to announce the Company has reached a distribution agreement with Ceram-Kote Canada Inc. to promote and sell Ceram-Kote's family of products in Western Canada. Ceram-Kote's patented coating technology, CERAMIC PARTICLE LOADING, was developed over ten years and by testing thousands of formulas. Ceramic particle loading is the loading of a complex series of ceramic particles into a resin solution, which causes the resin solution to out-perform its intrinsic chemistry. This technology improves chemical performance of resin systems and significantly enhances the dynamic mechanical performance properties of the resin system. The performance characteristics of this system are significantly better than liquid epoxy, fusion-bond epoxy and other high performance coating systems. The products protect surfaces by binding ceramic particles to a unique resin system, thus creating an encapsulating ceramic shell. Each ceramic particle is resin coated and becomes tightly packed in the cured film. The compact density of the cured film yields dynamic intangible benefits such as: - high surface lubricity producing a lower drag coefficient on a variety of surfaces - extraordinary sliding abrasion resistance providing protection against the forces of erosion/corrosion and abrasion. Ceram-Kote currently protects expensive equipment in industries serving oil and gas offshore, marine, petrochemical and industrial markets with proven documented results. The applications are expanding into the food and beverage, paper and pulp, wastewater treatment, electrical power, transportation and mining industries. The extremely high adhesion to virtually any surface combined with extraordinary mechanical properties makes the product a superior protective coating where high abrasion and severe corrosion problems exist. The Ceram-Kote products are a perfect fit with Wenzel's Canada Coating division and should provide two benefits to the Company 1. Increased outside sales by the Canada Coating division to the oil and gas industry and many other users. The product should increase Canada Coating sales significantly over the contract period. 2. The Company has been testing the product and after preliminary research believes it can extend the operating life of certain motor parts.