Enerflex Systems Income Fund

Enerflex Systems Income Fund

June 23, 2008 09:00 ET

Enerflex Awarded International Contracts Totalling C$62 Million

CALGARY, ALBERTA--(Marketwire - June 23, 2008) - Enerflex Systems Income Fund (TSX:EFX.UN), is pleased to announce that it has been awarded several contracts totalling approximately C$62 million.

These new orders include multiple compressor packages destined for our Middle East North Africa (MENA) and AustralAsia regions totalling approximately C$15 million and a contract to supply 13 compressor units for export to Russia totalling C$47 million.

"These new contracts demonstrate that international demand for Enerflex's products and services remains strong," commented Blair Goertzen, President and Chief Executive Officer of Enerflex. "The Russian contract is of particular importance as it is our largest ever compression order. Additionally, Russia is home to the world's largest natural gas reserves and is also the number one exporter of natural gas. With future additions planned on its extensive pipeline network and entrance into the development of LNG export facilities we view Russia as an opportunity for future Enerflex exports." Goertzen added.

Enerflex Systems Income Fund is a leading supplier of products and services to the global oil and gas production industry. Our core expertises are products and services between the wellhead and the pipeline. Enerflex provides natural gas compression and process equipment for sale or lease, hydrocarbon production and processing facilities, electrical, instrumentation and controls services and a comprehensive package of field maintenance and contracting capabilities. Through our ability to provide these products and services in an integrated manner, or as standalone offerings, Enerflex offers its customers a unique value proposition.

Headquartered in Calgary, Canada, Enerflex has approximately 2,750 employees. Enerflex, its subsidiaries, interests in affiliates and joint-ventures operate in Canada, Australia, the Netherlands, the United States, Germany, Pakistan, the United Arab Emirates, Egypt, Indonesia and Malaysia. Enerflex's trust units trade on the Toronto Stock Exchange under the symbol "EFX.UN".

Contact Information

  • Enerflex Systems Income Fund
    D. James Harbilas
    Vice-President & Chief Financial Officer
    (403) 236-6857
    (403) 720-4385 (FAX)
    Enerflex Systems Income Fund
    Berk Sumen
    Manager, Investor Relations & Communications
    (403) 720-4308
    (403) 720-4385 (FAX)