Bri-Chem Enters into Formal Supply Agreement with Reliant Technologies Inc.

Core Viewpoint - Bri-Chem Corp. has entered into a formal supply agreement with Reliant Technologies Inc. to enhance its product portfolio with advanced technologies and specialty chemical formulations, effective February 17, 2026 [1][3]. Group 1: Agreement Details - The supply agreement with Reliant Technologies Inc. is a related-party transaction, as Reliant is substantially owned by Mr. Barry Hugghins, who is also the CEO and Executive Chairman of Bri-Chem [2][5]. - The agreement is expected to provide Bri-Chem with superior technologies, thereby strengthening its ability to serve customers both domestically and internationally [3][4]. Group 2: Governance and Approval - The Board of Directors reviewed and approved the agreement, with Mr. Hugghins abstaining from deliberations and voting to ensure compliance with governance standards [4]. - The company believes that the agreement aligns with its strategic objectives of expanding high-value offerings and improving competitive positioning in the market [4]. Group 3: Company Background - Bri-Chem has established itself as a leader in the North American oilfield chemical distribution and blending industry through strategic acquisitions and organic growth [6]. - The company operates 19 strategically located warehouses across Canada and the United States, offering a full range of drilling fluid products [6].