Integrated Drilling Equipment announces appointment of Martin Paulk as Senior VP

SPRING, Texas, Aug. 19, 2014 /PRNewswire/ -- Jim Terry, CEO of Integrated Drilling Equipment Holdings Corp.  ("IDE") (OTC: IRIG), announced today the appointment of Martin (Marty) Paulk, 52, as Senior Vice President of Sales, Marketing and Strategic Implementation, effective immediately.

Prior to his appointment, Marty Paulk was the Senior Director-Global Technical Solutions and Strategy at Key Energy Services.  Prior to his position at Key Energy Services, Mr. Paulk held leadership roles in Strategic Business Development, Research and Development, and Product Line Management at Halliburton from 1996 to 2013.  While at Halliburton, Marty also led numerous drilling optimization and automation technological developments and commercial implementations.  From 1989 to 1996, Mr. Paulk was with Baker Hughes in increasingly responsible roles.  Marty Paulk resides in Houston, Texas and holds a BS in Petroleum Engineering from The University of Texas in Austin, Texas.         

Marty Paulk said, "IDE is uniquely positioned to deliver comprehensive and optimized drilling solutions, with IDE's unique rig manufacturing capabilities combined with its industry leading SCR/VFD power systems and innovative drilling automation control systems.  I am very excited to join the IDE management team at this very opportune time for the company."

Jim Terry, CEO, said, "I am extremely pleased to add Marty Paulk to o ur team at IDE and look forward to the many benefits this addition brings to the company at a time of great opportunity in the market.  Marty possesses key core competencies, experience and leadership skills that will help us drive to the next level in the provision of fit-for-purpose, drilling rigs and equipment of the type required to deliver the safe, reliable and high performance wells our customers need to effectively compete in today's challenging market." 

About IDE

IDE and its predecessor companies have been active in providing services and products to the drilling industry since 1981.  IDE's principal service and product offerings consist of the design, engineering and construction of new land and offshore rigs based on IDE designs or modified to customers' specifications; providing extensive reconfiguration and refurbishment services for rigs to repair and/or extend their life or to adapt them for different drilling environments; providing rig upgrade packages, refurbishment services, and related components for land and offshore new build rigs; supplying integrated electrical and hydraulic control systems for a wide range of land and offshore drilling rigs; and providing engineered hydraulic rig solutions.  For more information on IDE, please visit: http://www.ide-rig.com

SOURCE Integrated Drilling Equipment Holdings Corp.