SOURCE: ILI Technologies (2002) Corp.

June 18, 2008 09:00 ET

ILI Technologies Announces New Contracts for Thermoflex® Tubing

CALGARY, AB--(Marketwire - June 18, 2008) - ILI Technologies (TSX-V: ILI) is pleased to announce that we are making progress in our marketing of Thermoflex® Tubing, associated connectors and accessories. We have orders for the month of June in the amount of approximately $900,000.00.

ILI has several outstanding quotes for additional Thermoflex tubing projects both domestic and internationally. The company expects this product line to have a significant impact on future revenues and earnings.

About Thermoflex®

Thermoflex is constructed of Fortron, Nylon and Capron, wrapped with Aramid Fiber to increase tensile strength, prevent pressure bursts and increase load capabilities. Capron and Fortron are used when temperatures of 250 degrees are expected. Thermoflex flexible pipe has low permeation, is resistant to temperature change, life expectancy of up to 20 years and is ideally suited for high pressure gathering lines, downhole applications and pulling through existing steel lines to significantly improve production.

The advantages of Thermoflex flexible tubing over conventional steel and traditional polyethylene tubing are now being fully realized including enhanced corrosion resistance, minimal paraffin buildup, heat resistance, reduced pressure drop, enhanced insulation, and lower installation costs.

Advantages over Steel

*  1/10th the weight of steel
*  Flexible bend radius
*  Cheaper installation costs
*  Reduced friction and 30% less pressure drop over steel
*  Higher Thermal Insulation
*  Enchanced ID and OD corrosion resistance
*  Minimizes the buildup of Asphaltenes, Paraffins and Scales
*  100 times less the relative roughness
*  Long continuous runs
*  Longevity

Advantages over Polyethylene Pipe

* Resistance to H2S
* Reduced friction and pressure drop
* Higher thermal insulation
* Temperatures to 250F
* Increased tensile strength
* High pressure applications
* Corrosion resistance
* Significantly lower permeation rate

Disadvantages typically found in steel and traditional polyethylene piping are reduced or completely eliminated with the use of Thermoflex tubing.

ILI Technologies (2002) Corp. is a high technology company, whose principal business is to develop, manufacture and market oil and gas industry Information Technology (IT) and Operational solutions that improve business performance. ILI's business development efforts have shown excellent results, with the addition of a number of new customers from our CBM Pumps and Services Inc. acquisition and the addition of new sales, management and service teams in our offices in Alberta, Texas and Wyoming.

For further information, please contact Serge Bonnet, President, ILI Technologies (2002) Corp, at: Phone: (403) 543-0060, Fax: (403) 543-0069 or E-mail: invest@ilitech.com - Website: http://www.ilitech.com

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

We seek Safe Harbor.

Contact Information

  • Contact:
    Serge Bonnet
    President
    ILI Technologies (2002) Corp.
    110w, 4760 72nd Avenue SE
    Phone: (403) 543-0060
    Fax: (403) 543-0069
    E-mail: Email Contact
    Website: http://www.ilitech.com