Forum Energy Technologies Announces Agreement to Supply Four Perry(TM) XLX ROV Systems to Technip Odebrecht PLSV CV

Mon Nov 5, 2012 11:38am EST

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HOUSTON, Nov. 5, 2012 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc. (NYSE:FET) is pleased to announce the entry into an agreement with Technip Odebrecht PLSV CV for the supply of four complete PerryTM XLX Generation 2 (G2) 150 horsepower Remotely Operated Vehicle (ROV) systems including tooling packages. All four ROV systems are scheduled for delivery in 2013 and will be installed in two newly built vessels.

Forum will work closely with the shipbuilder, Daewoo Shipbuilding, and Marine Engineering in the Republic of South Korea, to ensure efficient and smooth vessel installation and sea trials.

About Forum Subsea Technologies

Forum Subsea Technologies is a business line of Forum Energy Technologies, Inc. Their ROV product line ranges from electric observation class ROVs to large hydraulic work-class vehicles used for inspection, survey and deep-water construction, as well as other remote intervention technologies and services. Forum Subsea Technologies is positioned to support its customers through a global sales team and a worldwide network of distributors and service centers.

About Forum Energy Technologies

Forum Energy Technologies, Inc., headquartered in Houston, Texas, is a global provider of manufactured technologies and applied products to the energy industry. With approximately 3,200 employees located throughout the world, Forum is well positioned to provide the products and technologies essential to solving the increasingly complex challenges of the subsea, drilling and production sectors of the oil and gas industry. For more information, please visit www.f-e-t.com

CONTACT: Donna Smith, Director - Marketing & Communications
         281.949.2514
         donna.smith@f-e-t.com