Release Details

HOUSTON--(BUSINESS WIRE)--Sep. 1, 2015-- Forum Energy Technologies, Inc. (FET) is pleased to announce the signing of a contract with Egyptian Refining Company (ERC) to engineer, design and build eight Edge™ II desalters. The desalters will be utilized in the Cairo Oil Refinery Company’s expansion project near Cairo. The units are scheduled for completion April 2016 and have a contract value of more than $20 million.

Forum’s proprietary Edge II technology has been used in many refineries around the world and maximizes desalting performance and feedstock capacity while minimizing demulsifier and solids-wetting chemicals of most chemical suppliers. The desalters also utilize Forum’s Kick Amp Responder (KAR) technology. KAR allows operators to achieve better optimization and efficiency by controlling the output voltage of any crude or desalting coalescing operation using the existing electrostatic setup.

About Forum Energy Technologies

Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. Forum’s products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas. Forum is headquartered in Houston, TX with manufacturing and distribution facilities strategically located around the globe. For more information, please visit www.f-e-t.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150901005433/en/

Source: Forum Energy Technologies, Inc.

Forum Energy Technologies, Inc.
Investor:
Mark Traylor, 281-368-1108
Vice President, Investor Relations & Planning
mark.traylor@f-e-t.com
or
Media:
Donna Smith, 281-949-2514
Director of Marketing
donna.smith@f-e-t.com