ILI Technologies (2002) Corp.
TSX VENTURE : ILI

ILI Technologies (2002) Corp.

August 30, 2011 09:00 ET

ILI Receives Completes 2 Additional Pipe Projects

CALGARY, ALBERTA--(Marketwire - Aug. 30, 2011) - ILI Technologies (2002) Corp. (TSX VENTURE:ILI) is pleased to announce that its 100% wholly owned Mexican subsidiary Cdn Oilfield Technologies & Solutions S. de R.L de C.V. ("COTS") has completed the installation of two additional flexible pipeline projects totalling 1.318 km as announced Aug 16, 2011. With the completion of these 2 installations COTS has successfully installed 6 new pipe lines utilizing the Flexsteel™ Pipeline Products 3" Ansi 600 flexible pipe and connectors rated at 1,500 psi operating pressure totalling 10.131 km for the transport of hydro carbons and liquids.

Pemex continues to strongly endorse the company's product line and will be adding new Flexsteel flexible pipe products to their projects utilizing higher rated pipe products for use with injection lines. COTS expects to receive its first work order utilizing these higher rated products in short order. The anticipated new projects will be for the supply and installation of Flexsteel Pipeline Products 3" Ansi 900 flexible pipe and connectors rated at 2,250 psi operating pressure. The anticipated projects form part of progressive program adopted by COTS and Pemex designed to improve performance, efficiencies and speed of installation. With reduced costs estimated between 65 to 80 percent there is little question as to the acceptance of the technology and the shared vision utilizing this technology going forward. The Flexsteel product line is the only manufacturer who can openly state that the company has never had an operational failure in the history of the company.

Phil D'Angelo states, "After several months of additional marketing and working closely with Pemex, the company is now ready to execute new sales channels utilizing the next generation of flexible pipe products. COTS continues to execute on its business strategy and build on its proven successes. The company is now advancing to the next level of product endorsement which is targeted at larger diameter pipe contracts. The company will be working diligently to bring this to fruition.

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