SOURCE: Tesla NanoCoatings

Tesla NanoCoatings

July 16, 2015 10:00 ET

Tesla NanoCoatings Announces Norwegian Drilling Group Agreement

MASSILLON, OH--(Marketwired - Jul 16, 2015) - Tesla NanoCoatings announces the appointment of Norwegian Drilling Group (NDG) as sales agent and distributor for its Teslan® products in Europe, the Middle East and Africa.

Tesla NanoCoatings and Norwegian Drilling Group will launch a new class of corrosion protection coatings targeting the oil and shipping industries. Corrosion in these industries is a major maintenance issue that can severely hamper operations. Tesla NanoCoatings' products utilize carbon nanotechnology to prevent corrosion and extend the life of oil platforms and equipment as well as ships.

"We are very excited to partner with Norwegian Drilling Group to change the corrosion landscape," said Todd Hawkins, Tesla NanoCoatings president and CEO. "NDG's considerable resources will allow us to quickly penetrate the oil drilling markets in Europe, the Middle East and Africa."

Norwegian Drilling Group is one of the largest operations and service companies supporting the oil and shipping industry. It counts many of the major oil companies in the world as its customers.

"We are pleased to be representing Tesla NanoCoatings and introducing its award-winning carbon nanotechnology to our customers in Europe, the Middle East and Africa," said Egil Lauvsland, NDG's Group CEO, Norway and the U.S. "Teslan®, which is a two-coat process rather than the traditional three-coat process, will enable us to significantly reduce our customers' maintenance costs. In the current environment of lower oil prices, maintenance savings is critical."

Tesla NanoCoatings and Norwegian Drilling Group will work to introduce Teslan® coatings to NDG's customers like BP and Saudi Aramco.

About Tesla NanoCoatings
Tesla NanoCoatings, Inc. (www.teslanano.com) is a technology company based in Massillon, Ohio. The company's product line is Teslan®, a highly effective corrosion control coating for structural steel utilizing carbon nanotubes, which self-assemble into rope structures, making them highly conductive, tough and flexible. Teslan® was developed in collaboration with the U.S. Army Engineer Research and Development Center, Construction Engineering Research Laboratory (ERDC-CERL), Champaign, Ill.

About Norwegian Drilling Group
Norwegian Drilling Group AS (NDG) (www.ndg.as) is supplying most disciplines for operations and service of drilling units -- and with over 30 years combined experience, NDG is able to provide high-level senior management for most projects as well as supplying equipment including installation, commissioning and operational support.