Reeflex Solutions Secures Significant Purchase Orders
CALGARY, Alberta – Reeflex Solutions Inc. (TSXV: RFX) is delighted to share that its subsidiary, Coil Solutions Inc. (CSI), has garnered purchase orders worth around $2.6 million. This order encompasses six advanced 160,000-lb coiled tubing injectors.
Deploying Cutting-Edge Technology
The newly ordered injectors are meant for installation on coiled tubing drilling units. These units are set to play an essential role in natural gas operations, allowing for the enhancement of gas recovery in the region. The deployment aims to support ongoing gas development initiatives, ensuring efficient and effective energy production.
Timelines for Delivery
The anticipated delivery of these six injectors is scheduled to commence in the first quarter of the upcoming year, continuing throughout 2026, signaling a robust start to the year in the energy sector.
Management Insights
John Babic, President & CEO of Reeflex Solutions, expressed his excitement regarding this order, stating, "This deal reinforces our commitment to providing innovative solutions in gas recovery technologies. It’s gratifying to see our equipment contributing positively to the natural gas landscape in this pivotal region."
Moreover, Trevor Conway, Executive Vice President & CFO, emphasized, "Securing these purchase orders not only boosts our revenue visibility extending into 2026 but also positions us strategically within the international coiled tubing market. Our focus remains steadfast on delivering exceptional service and technology to our valued partners."
About Reeflex Solutions Inc.
Reeflex Solutions Inc. is a proud Canadian firm known for its groundbreaking engineering and manufacturing solutions tailored for various industrial sectors. Through its subsidiary, Coil Solutions Inc., Reeflex provides state-of-the-art coiled tubing injectors and tools tailored to enhance oil and gas operations. Additionally, the manufacturing division, Ranglar Manufacturing, specializes in designing custom mobile equipment catering to diverse industrial applications.
Contact Information
For additional inquiries or more information regarding Reeflex Solutions Inc., you can reach out to:
John Babic
President & CEO
(780) 909-4220
Email: John.Babic@Reeflex.ca
Website: www.Reeflex.ca
Frequently Asked Questions
What is the value of the purchase orders announced by Reeflex Solutions?
The recent purchase orders amount to approximately $2.6 million.
When will the deliveries for the injectors begin?
Deliveries are scheduled to start in the first quarter of 2026.
Which company is the parent organization of Coil Solutions Inc.?
Coil Solutions Inc. is a wholly-owned subsidiary of Reeflex Solutions Inc.
What kind of technology does Reeflex provide?
Reeflex provides advanced coiled tubing injectors and downhole tools designed for the oil and gas sector.
Who can be contacted for more information about Reeflex Solutions?
John Babic, the President and CEO, is available for inquiries at (780) 909-4220 or via email at John.Babic@Reeflex.ca.