SOURCE: Energy & Technology, Corp.

Energy & Technology, Corp.

June 23, 2010 10:48 ET

Energy & Technology, Corp., PKA Technical Industries & Energy, Corp., Begins Operations of New Threading Facility at Houston Plant

LAFAYETTE, LA--(Marketwire - June 23, 2010) -  Energy & Technology, Corp. ("Energy & Technology" or "the Company") (OTCBB: ENGT), a provider of equipment and services for the oil and gas industry, announced today that Energy Technology Manufacturing and Threading started operations. This facility is capable of threading, bucking, and repair of drill pipe, casing, and tubing up to 11 7/8" diameter. The plant is equipped with a Computer Controlled lathe, accurate to within the most critical of tolerances, and has the capability to thread, repair, and manufacture pup joints and marker joints to any length the customer requires as well as to machine any threads for which specs can be furnished. Threading operators have between 10 and 34 years of experience in the manufacturing and threading industry.

This new facility brings ENGT one step closer to its goal of supplying all tubular services under one roof. The Company business model aims to decrease its clients' costs by eliminating trucking expenses and reducing damage caused by handling. 

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About Energy & Technology, Corp.

As the holding company for Technical Industries, Inc., Energy Pipe, LLC and Energy Threading, Energy & Technology, Corp. (OTCBB: ENGT) is a single source for rig, integrated systems, down hole tools, OCTG tubing and casing, line pipe, drill pipe, drilling tools and supply chain solutions. ENGT provides a comprehensive drilling system for parts, down hole tools, non-destructive testing, storage and other products and services. To learn more about ENGT visit: www.engt.com.

SAFE HARBOR STATEMENT

Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting the Company and its operations, markets, product, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently; and other factors available from the Company. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. Investors are urged to read the Annual Report on Form 10-K for the year ended December 31, 2008 and other documents filed by ENGT with the SEC.

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