FSI Energy Services Inc.

FSI Energy Services Inc.

May 24, 2012 13:25 ET

FSI Announces Updated Testing Contract and Fluid Regeneration Pilot System

CALGARY, ALBERTA--(Marketwire - May 24, 2012) - FSI ENERGY SERVICES INC. ("FSI") (TSX VENTURE:FSI) announced today that it has entered into an additional contract with a major Canadian oil services company to complete the next phase of research and bench testing for specialized fluid regeneration processes.

The contract anticipates a minimum nine-month pilot system manufacture and test period, followed by an option after that time to move into a fully operational commercial system with long-term commitment.

FSI has been successfully testing, developing and implementing water and fluid treatment technologies over the past eighteen months. These technologies pertain to oilfield water re-use such as frac flow-back water, general produced waters, SAGD, and boiler feed-water. We have developed packaged water treatment products and services for the oilfield sector which allow oilfield water reuse, avoid environmental concerns, and help its clients eliminate disposal costs.

These fluid treatment packages leverage FSI's existing filtration/purification expertise, proprietary technologies, and allow the company to deliver complete water treatment solutions with shorter lead times, greater cost efficiency and highly customized equipment suited to each client's needs.

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 filtration, 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.
    Perry Ball
    Vice President, Operations
    (403) 571-4230
    (403) 230-3106 (FAX)