Energy & Technology, Corp., PKA Technical Industries Revenues Increase Due to Wall & OD 3D Pipe Mapping Proprietary Technology
April 11 2012 - 8:30AM
Marketwired
Energy & Technology, Corp., pka Technical Industries &
Energy, Corp. ("Energy & Technology" or the "Company") (OTCBB:
ENGT) is pleased to announce sales have increased and continue to
improve since drilling permits restarted in the Gulf of Mexico. The
industry is seeing rising offshore rig usage in the Gulf of Mexico
(GOM) nearly two years after the Macondo oil spill, and anticipates
a continued recovery in the deepwater Gulf of Mexico with strong
demand for deep water critical technologies. The Company attributes
the increase mainly to the patented wall and outside diameter
mapping VisonArray 3D pipe imaging technology. This technology is
needed for deep and offshore wells. The year ending 2011 10K
financial report showed significant improvements compared to 2010.
Sales continued to sharply increase in the first quarter of 2012
and are expected to rise for the rest of the year.
To be added to the Energy & Technology, Corp. Investor email
list, please email chrisjohnson@engt.com.
About Energy & Technology, Corp.
As the holding company of Technical Industries, Inc., Energy
Pipe, LLC, and Energy Technology MFG & Threading LLC, Energy
& Technology, Corp. (OTCBB: ENGT) is a technology and essential
commodities provider including main source for rig, integrated
systems, down hole tools, OCTG, linepipe, drillpipe, drilling tools
and supply chain solutions. ENGT provides a comprehensive drilling
system for parts, down hole tools, engineering, non-destructive
testing, storage, maintenance and other products, and services. To
learn more about ENGT visit: www.engt.com.
SAFE HARBOR STATEMENT
Matters discussed in this press release contain forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. When used in this press release, the words
"anticipate," "believe," "estimate," "may," "intend," "expect" and
similar expressions identify such forward-looking statements.
Actual results, performance or achievements could differ materially
from those contemplated, expressed or implied by the
forward-looking statements contained herein. These forward-looking
statements are based largely on the expectations of the Company and
are subject to a number of risks and uncertainties. These include,
but are not limited to, risks and uncertainties associated with:
the impact of economic, competitive and other factors affecting the
Company and its operations, markets, product, and distributor
performance, the impact on the national and local economies
resulting from terrorist actions, and U.S. actions subsequently;
and other factors available from the Company. We assume no
obligation to publicly update or revise these forward-looking
statements for any reason, or to update the reasons actual results
could differ materially from those anticipated in these
forward-looking statements, even if new information becomes
available in the future. Investors are urged to read the Annual
Report on Form 10-K for the year ended December 31, 2009 and other
documents filed by ENGT with the SEC.
For additional information, contact Chris Johnson 337-984-2000
chrisjohnson@engt.com
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