FMC Technologies Awarded Contract for Six UHD-III Remotely Operated Vehicles (ROVs) from C-Innovation
HOUSTON, May 6, 2014 /PRNewswire/ -- FMC Technologies, Inc. (NYSE: FTI) announced today that it has received an order from C-Innovation to supply a fleet of six UHD-III Remotely Operated Vehicle (ROV) systems for its subsea operations business. The ROV systems will be supplied by FMC Technologies' Schilling Robotics business unit and are expected to be delivered in early 2015.
The UHD-III ROV systems are the latest generation of ultra heavy-duty work-class vehicles, and will expand C-Innovation's global ROV fleet to more than 50 systems. The UHD-III ROV incorporates FMC Technologies' new ISOL-8 Pump. The award winning ISOL-8 Pump is a key feature that enables compliance with API Standard 53, which requires a secondary intervention method on blowout preventors (BOPs) to close rams in less than 45-seconds. The UHD-III is the only API 53 compliant ROV in the market, enabling secondary BOP intervention at a fraction of the traditional cost.
"FMC Technologies is very pleased to have been awarded this contract by C-Innovation," said Tore Halvorsen, FMC Technologies' Senior Vice President, Subsea Technologies. "We are delighted that our focus on providing advanced ROV equipment that increases our customers' offshore productivity is helping C-Innovation continue to grow at a rapid pace."
FMC Technologies, Inc. (NYSE: FTI) is a leading global provider of technology solutions for the energy industry. Named by Forbes® Magazine as one of the World's Most Innovative Companies in 2013, the Company has approximately 19,500 employees and operates 30 production facilities in 17 countries. FMC Technologies designs, manufactures and services technologically sophisticated systems and products such as subsea production and processing systems, surface wellhead systems, high pressure fluid control equipment, measurement solutions, and marine loading systems for the oil and gas industry. For more information, visit www.fmctechnologies.com.
This release contains "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. The word "expected" and similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. Known material factors that could cause our actual results to differ from those in the forward-looking statements include the Company's ability to successfully deliver, and C-Innovation's acceptance of, the ROV systems ordered. For additional information regarding known material factors that could cause actual results to differ from projected results, please see the Company's Annual Report on Form 10-K for the year ended December 31, 2013, as well as its other filings with the Securities and Exchange Commission. The Company cautions you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. The Company undertakes no obligation to publicly update or revise any of its forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.
SOURCE FMC Technologies, Inc.