Market Overview

Superior Drilling Products, Inc. Expands Operations to Abilene, Texas

Share:

Superior
Drilling Products, Inc.
(NYSE:SDPI) ("SDP" or "Company"),
a designer and manufacturer of drilling tool technologies, announced
today that it has entered into a commercial lease related to property in
Abilene, Texas to support the manufacture and repair the Company's
product lines and enhance its ability to efficiently service customers.

Troy Meier, Chairman and Chief Executive Officer commented, "This Texas
facility represents an important step in our growth and expansion.
Rather than sending all repairs to Vernal, UT, this facility will give
us much better logistics for servicing our markets in the region, as
well as provide a staging ground for enhancing our bit repair
relationships. Importantly, it will also act as a full service facility
for the StriderTM product line."

About Superior Drilling Products, Inc.

Superior Drilling Products, Inc. is an innovative, cutting-edge drilling
tool technology company providing cost saving solutions that drive
production efficiencies for the oil and natural gas drilling industry.
The Company designs, manufactures, repairs and sells drilling tools. SDP
drilling solutions include the patented Drill-N-Ream® well bore
conditioning tool and the patented StriderTM oscillation
system technology. In addition, SDP is a manufacturer and refurbisher of
PDC (polycrystalline diamond compact) drill bits for a leading oil field
service company. SDP operates a state-of-the-art drill tool fabrication
facility, where it manufactures its solutions for the drilling industry,
as well as customers' custom products. The Company's strategy for growth
is to leverage its expertise in drill tool technology and innovative,
precision machining in order to broaden its product offerings and
solutions for the oil and gas industry.

Additional information about the Company can be found at: www.sdpi.com.

View Comments and Join the Discussion!