FSI Energy Services Inc.
TSX VENTURE : FSI

FSI Energy Services Inc.

April 05, 2012 15:05 ET

FSI Announces Developments in Brine Plant Division

CALGARY, ALBERTA--(Marketwire - April 5, 2012) - Richard Ball, President and CEO of FSI ENERGY SERVICES INC. (TSX VENTURE:FSI) ("FSI") is pleased to announce several developments related to the company's Brine Plant products, which it markets in Russia and Kazakhstan oil and gas sectors.

FSI has secured a patent for its Brine Plant technology and process for the Russian Federation. This patent is valid to 2021, and will help solidify the company as the key supplier of this oilfield production process for the major Russian oil producers and protect the company's intellectual property.

The company has also received letters of intent from two clients for the purchase of one Brine Plant each. The first of these is the largest-sized model FSI produces, and the client is a repeat purchaser of Brine Plant technology, having bought its first Brine Plant - which is still in full operation - in 1995. Contract negotiation and finalization is expected by April 30.

About FSI

Through its wholly owned subsidiary FSI International Services Ltd., FSI Energy Services Inc. is a Calgary-based manufacturing and service company specializing in customized production equipment, water remediation, filtration, and filtration-related technologies.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • FSI Energy Services Inc.
    Richard Ball
    President
    (403) 571-4230
    (403) 230-3106 (FAX)
    www.fsigroup.ca