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McCOY GLOBAL ANNOUNCES SIGNIFICANT ORDERS OF NEWLY COMMERCIAL TECHNOLOGY
McCOY GLOBAL ANNOUNCES SIGNIFICANT ORDERS OF NEWLY COMMERCIAL TECHNOLOGY Canada NewsWir...
About this update from Mccoy Global Inc.
[{"type":"text","content":"\n \n \n \n McCOY GLOBAL ANNOUNCES SIGNIFICANT ORDERS OF NEWLY COMMERCIAL TECHNOLOGY\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n EDMONTON, AB\n \n \n ,\n \n \n April 25, 2023\n \n \n /CNW/ -\n \n McCoy Global Inc\n \n . (\"\n \n McCoy\n \n ,\" \"McCoy Global\" or \"the Corporation\") (TSX: MCB) today announced the acceptance of multiple contract awards in April, 2023 for 17 Flush Mount Spiders (FMS) totaling\n \n CAD$4.1 million\n \n from several large, independent U.S. service companies based in\n \n West Texas\n \n . The FMS technology provides casing running service providers with performance and safety advantages inherent with its unique design features.\n \n McCoy\n \n commercialized this technology in 2022 and has since received sales and rental commitments for a total of 32 units.\n \n \n \n \n \n \n \n \n \n \"These awards have been the result of successful execution of investments in technology development over the past several years,\" stated Bing Deng, Vice President Technology & Marketing. Mr. Deng added \"As our customers face increasing challenges related to safety, efficiency and labour constrains, we are committed to utilizing our application expertise and knowledge to develop innovative solutions that meet their evolving needs.\"\n \n \n \n McCoy's\n \n hydraulic rotary flush mounted spider can be fully connected (smartFMS\n \n TM\n \n ) to provide information on the state of the tool to the driller's display in real-time as well as the ability to integrate with the smartCRT™.\n \n \n Delivery is expected to take place over the second half of 2023.\n \n \n \n About McCoy Global Inc.\n \n \n \n McCoy Global is transforming well construction using automation and machine learning to maximize wellbore integrity and collect precise connection data critical to the global energy industry. The Corporation has offices in\n \n Canada\n \n ,\n \n the United States of America\n \n , and the\n \n United Arab Emirates\n \n and operates internationally in more than 50 countries through a combination of dire...