Forum Energy Technologies Announces Contract for Seven Remotely Operated Vehicles from DOF Subsea AS

HOUSTON--()--Forum Energy Technologies, Inc. (NYSE: FET) today announced that it has received an order from DOF Subsea AS, Bergen, Norway to supply seven Perry™ XLX 200HP work-class remote operated vehicle (ROV) systems, including five Dynacon Launch and Recovery systems (LARs). The ROV systems will be delivered during the first and second quarters of this year.

“Forum is very pleased to have been awarded this contract from DOF Subsea AS,” said Bill Boyle, Forum Subsea Technologies’ Senior Vice President. “This is a significant order and a testament to our long standing working relationship with DOF Subsea. We are delighted to supply these Perry™ XLX Heavy Duty work-class ROV systems to DOF Subsea, a leading survey; inspection, maintenance, and repair; and, subsea construction service provider.”

Forum Subsea’s remote intervention product offerings include an industry leading range of ROVs; tether management systems; LARS; a wide portfolio of ROV tools; simulation and mission management software; and, engineering and project management. Additionally, Forum’s remote intervention support is provided via workshops in Asia, Europe, USA and Brazil. “Our office in Rio de Janeiro and workshop facility in Macae are recent additions to Forum’s regional network and part of our strategy for growth in Brazil. This expansion will assist DOF and other established and new customers in this key deepwater region,” added Boyle.

Forum Energy Technologies is a global oilfield products company, serving the subsea, drilling, completion, production and infrastructure sectors of the oil and natural gas industry. The Company’s products include highly engineered capital equipment as well as products that are consumed in the drilling, well construction, production and transportation of oil and natural gas. With over 3,500 employees, Forum is headquartered in Houston, TX with manufacturing and distribution facilities strategically located around the globe. For more information, please visit www.f-e-t.com.

Contacts

Forum Energy Technologies, Inc.
Investor Contact
Mark Traylor, 281.368.1108
Vice President, Investor Relations & Planning
mark.traylor@f-e-t.com
or
Media Contact
Donna Smith, 281.949.2514
Director, Marketing & Communications
donna.smith@f-e-t.com

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Contacts

Forum Energy Technologies, Inc.
Investor Contact
Mark Traylor, 281.368.1108
Vice President, Investor Relations & Planning
mark.traylor@f-e-t.com
or
Media Contact
Donna Smith, 281.949.2514
Director, Marketing & Communications
donna.smith@f-e-t.com