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State: 17.08.2024 | 11PM
Thu, 03.10.2024       Mccoy Global
CA57980Q1063

EDMONTON, AB, Oct. 3, 2024 /CNW/ - McCoy Global Inc. ("McCoy," "McCoy Global" or "the Corporation") (TSX: MCB) today announced the acceptance of a contract award totaling CAD$4.3 million for several enhanced smart casing running tools (smartCRT™s) destined for the Middle East market. Delivery of the tools is expected to begin in the fourth quarter of 2024.

"Recent trends in the CRT market presented an opportunity for McCoy to challenge our Technology team to expedite the development of our enhanced smartCRT™ to meet these market requirements," said Jim Rakievich, President & CEO. "This enhanced technology is fully ready to integrate into our smarTR™ system and represents an important milestone on our journey towards automating tubular running services. Our unique, patented solution is an additional enhancement to our smart product suite, providing safe and efficient solutions in the tubular running market. We are eager to officially launch the tool at the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) in November of this year."

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