Flotek Industries Awarded Contract by AlMansoori Production Services Company of Abu Dhabi

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Flotek Industries, Inc.
FTK
  ("Flotek" or the "Company") today announced it has entered into a contract to provide certain advanced chemistry technologies and Enhanced Oil Recovery consulting services to AlMansoori Production Services Company, LLC ("MPS") of Abu Dhabi in the United Arab Emirates. MPS is a wholly-owned subsidiary of AlMansoori Specialized Engineering (MSE), a leading provider of oilfield services in the Middle East. The contract, the initial phase of which provides revenue potential of approximately $4.0 million, calls for Flotek to assist MPS in the development and execution of a program to enhance production in maturing wells and sustain long-term production utilizing Flotek chemistries. "Flotek is honored to partner with MPS in its quest to continue to grow its advanced chemistry and consulting offerings, especially as it relates to enhanced recovery efforts," said John Chisholm, Flotek's Chairman, President and Chief Executive Officer. "Being selected as a partner by a leading oilfield services company in the Middle East speaks volumes about the credibility of our team, the relationships our scientists have forged and the value our chemistry and expertise provide." Flotek's Chief Technology Officer, Dr. Glenn Penny, will lead the efforts with MPS. Abu Dhabi has
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