Reeflex Solutions Expands Global Reach with New Agreements
Reeflex Solutions Expands Global Reach with GOES GmbH
Reeflex Solutions Inc. (TSXV: RFX) has exciting news as it renews and enhances its international distribution agreement with GOES GmbH, a reputable equipment manufacturer based in Germany. The collaboration, which involves Reeflex's subsidiary, Coil Solutions Inc. (CSI), marks a significant milestone in expanding their reach within the oilfield service industry.
Renewed Partnership Details
GOES has been a reliable distributor and partner of CSI since 2015, and with this renewed agreement, they will maintain exclusive sales and service rights of CSI's products in the United Kingdom, broader European market, as well as certain Eurasian and South Asian regions. This long-term partnership, effective for 24 months, is set to facilitate continued technical support, marketing collaboration, and comprehensive product training between the two companies.
Impact of the Expansion
John Babic, President & CEO of Reeflex, expressed enthusiasm about the renewed agreement, highlighting their strong relationship with GOES. He noted, 'This renewal demonstrates GOES's confidence in the quality and reliability of our equipment. With this broadened territory, we can deliver dependable solutions to an even wider international audience.' This strategic move aims to enhance customer access to the advanced engineering solutions provided by Reeflex.
About GOES GmbH
GOES GmbH stands as a prominent manufacturer of pumping and stimulation equipment tailored for the oil and gas sector. Based in Wesendorf, Germany, they offer a diverse range of services, including hydraulic fracturing and drilling, showcasing their expertise and commitment to the industry. Being a wholly-owned subsidiary of KATT GmbH based in Celle, Germany, GOES’s reputation in providing high-quality equipment further solidifies a strong partnership with Reeflex.
About Reeflex Solutions Inc.
Reeflex Solutions Inc. is an innovative public company offering advanced engineering and manufacturing solutions across various sectors. With a focus on delivering coil tubing injectors and downhole tools for the oil and gas market through its wholly-owned subsidiary, Coil Solutions Inc., Reeflex also innovates within its manufacturing division, Ranglar Manufacturing. This division specializes in custom-designed mobile equipment, showcasing an impressive capability to cater to a variety of industrial applications.
Future Opportunities
The expansion of this international agreement opens new avenues for Reeflex to explore additional growth opportunities. As they continue to collaborate with GOES, both companies can expect to enhance their market position and increase their service offerings. The relationship not only strengthens their operational capabilities but also enriches customer experiences through improved access to innovative products.
Contact Information
For inquiries or further information, please reach out to:
John Babic
President & CEO
Email: john.babic@reeflex.ca
Telephone: 780-909-4220
Frequently Asked Questions
What is the significance of the renewed agreement?
The renewed agreement between Reeflex and GOES allows for exclusive sales and service rights, thereby expanding the market footprint significantly.
How long is the agreement in effect?
The agreement is effective for a term of 24 months, establishing a foundation for ongoing collaboration.
What products does Reeflex specialize in?
Reeflex specializes in coil tubing injectors and downhole tools, offering advanced solutions in the oil & gas sector.
Who is GOES GmbH?
GOES GmbH is a leading European manufacturer of pumping and stimulation equipment dedicated to the oil and gas industry.
How can I contact Reeflex for inquiries?
You can contact John Babic, President & CEO, via email at john.babic@reeflex.ca or by phone at 780-909-4220.
About The Author
Contact Henry Turner privately here. Or send an email with ATTN: Henry Turner as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
