CorDEX Instruments Breaks Into Brazil With Distributor Deal

ABERDEEN, Scotland, September 8, 2011 /PRNewswire/ --

CorDEX Instruments has secured a deal with equipment supplier PERCON at the Offshore Europe conference in Aberdeen for its intrinsically safe and explosion proof technologies to be distributed in Brazil for the first time.

Rio De Janeiro based PERCON will distribute the full range of CorDEX products to Brazil. This includes the UT5000 Intrinsically Safe Thickness Gauge, LaserMETER 3000XP, laser distance meter and the ToughPIX 2300XP Series of ATEX and CSA certified digital cameras.

Tony Holliday, CEO of CorDEX Instruments, said: "There is a strong petrochemical market in Brazil. It is the largest in South America and new discoveries could make Brazil the sixth largest oil and gas producer in the world. It was a natural progression for us to target that region following our growth in other energy regions such as North America and the Middle East.

"Petrobras is the main oil company in Brazil and part of the reason we chose PERCON is because of their good relationship with the state-owned operator given their distinguished status as an approved supplier. We feel our products are an ideal fit for the market and look forward to working with PERCON to capitalise on the opportunities in Brazil."

Brazil is a burgeoning region for trade. It has one of the world's most rapidly developing economies with a higher GDP per head than India or China. The oil and gas sector is an area of significant development with US$ 258 billion of investment from state-run Petrobras and international operators planned in the coming years.

PERCON has supplied technical support equipment to the Brazilian energy industry for eight years.

Waldir Lobo, Commercial Director of PERCON, said: "We work with a number of companies to bring the latest and best oil and gas technologies to the market in Brazil and look forward to working with CorDEX. There is a gap in the market for this type of equipment and the agreement with CorDEX brings something new to our customer base which will be of great benefit for their NDT and inspection operations."

CorDEX has developed technologies ideally suited to the hazardous environments of the oil and gas sector. Their intrinsically safe and explosion-proof equipment eliminates the need for shutdown or hot work permits in Non Destructive Testing (NDT) and inspection.

Teeside headquartered CorDEX Instruments has a base in Aberdeen, Scotland, the European capital for the energy industry, and also has a network of distributors across the USA, Europe and the Middle East.

CorDEX is a leading manufacturer of intrinsically safe and non destructive testing products for the oil and gas industry. For further information please visit http://www.cordexinstruments.com.

SOURCE CorDEX Instruments