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Reeflex Solutions Inc. Announces $2.6 Million of Purchase Orders for Six 160k Coiled Tubing Injectors to be Deployed in Saudi Arabia
Globenewswire· 2025-12-01 17:31
Company Overview - Reeflex Solutions Inc. is a Canadian company that provides advanced engineering and manufacturing solutions across various industry sectors, particularly in the oil and gas sector through its subsidiary, Coil Solutions Inc. [4] Purchase Orders and Financial Impact - Coil Solutions Inc. has received purchase orders totaling approximately $2.6 million for six 160,000-lb coiled tubing injectors [1] - These injectors will be used in coiled tubing drilling units deployed by a leading global oilfield services provider in Saudi Arabia, supporting enhanced gas recovery and natural gas development initiatives [2] - Deliveries of the injectors are scheduled to begin in Q1 2026 and continue throughout the year, providing solid revenue visibility into 2026 [2][3] Management Commentary - The President & CEO of Reeflex stated that the order reinforces customer confidence in CSI's injector technology for enhanced gas recovery applications [3] - The Executive Vice President & CFO highlighted that these purchase orders strengthen the company's positioning in international coiled tubing markets [3]