Forum Announces Sale of a Perry(TM) XT 600 Trenching ROV System to Global Marine Systems Limited
HOUSTON, Oct. 25, 2012 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc. (NYSE: FET) is pleased to announce the signing of a contract with Global Marine Systems Limited, Ltd. (Global Marine). Under the contract, Forum will supply a PerryTM XT 600 Trenching System, complete with Launch & Recovery System and special tooling. The trencher provides three meter ROV burial capability on the ocean floor. Also included in the scope of supply is operation and maintenance training for Global Marine's personnel, and support during the first mobilization onboard their vessel and during the sea trials.
The XT 600 Trenching System is scheduled for delivery in 2013. It will be installed in the Global Marine vessel the Cable Retriever, based in the Philippines, and will replace the T205 trencher that was previously supplied by Forum/Perry in 2000. The XT 600 Trenching System will be used to support Global Marine's subsea cable maintenance contracts in South East Asia and the Indian Ocean.
About Forum Subsea Technologies
Forum Subsea Technologies is a product line of Forum Energy Technologies, Inc. Their ROV product line ranges from electric observation class ROVs to large hydraulic work-class vehicles used for inspection, survey and deep-water construction, as well as other remote intervention technologies and services. Forum Subsea Technologies is positioned to support its customers through a global sales team and a worldwide network of distributors and service centers.
About Forum Energy Technologies
Forum Energy Technologies Inc., headquartered in Houston, Texas, is a global provider of manufactured technologies and applied products to the energy industry. With approximately 3,200 employees located throughout the world, Forum is well positioned to provide the products and technologies essential to solving the increasingly complex challenges of the subsea, drilling and production sectors of the oil and gas industry. For more information, please visit www.f-e-t.com