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Forum Energy Technologies to Supply State of the Art Submarine Rescue System for Indonesian Navy
Forum Energy Technologies to Supply State of the Art Submarine Rescue System for Indonesian Navy

Yahoo

time12-06-2025

  • Business
  • Yahoo

Forum Energy Technologies to Supply State of the Art Submarine Rescue System for Indonesian Navy

HOUSTON, Texas, June 12, 2025--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it executed a contract to supply a state-of-the-art submarine rescue vehicle system ("SRV") for use by the Indonesian Navy. The contract comprises an SRV, a launch and recovery system, and a decompression system. Neal Lux, President and Chief Executive Officer, remarked, "With 50 years of experience, FET has pioneered the development of manned and unmanned submersibles, and has supplied defense equipment and services to various countries across Europe and Asia. Our cutting-edge technologies remain at the forefront of the subsea sector and the safety systems of choice for military and naval forces around the world. This award also showcases the breadth of our product portfolio and extensive technology capabilities across many differentiated end markets. Building on our successful track record, we are excited to work on this important project." Product Details: The new LR600 model SRV, a piloted rescue submersible, will be capable of operating at depths of up to 605 meters, carrying 20 people, and will be fully integrated with a hyperbaric rescue facility. The SRV will also utilize the latest technologies to locate a distressed submarine and quickly transfer personnel. State of the art sensors and sonar are fully embedded into the FET systems to deliver advanced functionality, including automatic depth, heading, and piloting capabilities. Sea trials are planned for 2028. The SRV will be built at FET's Kirkbymoorside, Yorkshire, England facility and the bespoke LARS will be manufactured at FET's Bryan, Texas facility. FET® is a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries. With headquarters located in Houston, Texas, FET provides value added solutions aimed at improving the safety, efficiency, and environmental impact of our customers' operations. For more information, please visit View source version on Contacts Rob KuklaDirector Investor Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Forum Energy Technologies to Supply State of the Art Submarine Rescue System for Indonesian Navy
Forum Energy Technologies to Supply State of the Art Submarine Rescue System for Indonesian Navy

Yahoo

time12-06-2025

  • Business
  • Yahoo

Forum Energy Technologies to Supply State of the Art Submarine Rescue System for Indonesian Navy

HOUSTON, Texas, June 12, 2025--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it executed a contract to supply a state-of-the-art submarine rescue vehicle system ("SRV") for use by the Indonesian Navy. The contract comprises an SRV, a launch and recovery system, and a decompression system. Neal Lux, President and Chief Executive Officer, remarked, "With 50 years of experience, FET has pioneered the development of manned and unmanned submersibles, and has supplied defense equipment and services to various countries across Europe and Asia. Our cutting-edge technologies remain at the forefront of the subsea sector and the safety systems of choice for military and naval forces around the world. This award also showcases the breadth of our product portfolio and extensive technology capabilities across many differentiated end markets. Building on our successful track record, we are excited to work on this important project." Product Details: The new LR600 model SRV, a piloted rescue submersible, will be capable of operating at depths of up to 605 meters, carrying 20 people, and will be fully integrated with a hyperbaric rescue facility. The SRV will also utilize the latest technologies to locate a distressed submarine and quickly transfer personnel. State of the art sensors and sonar are fully embedded into the FET systems to deliver advanced functionality, including automatic depth, heading, and piloting capabilities. Sea trials are planned for 2028. The SRV will be built at FET's Kirkbymoorside, Yorkshire, England facility and the bespoke LARS will be manufactured at FET's Bryan, Texas facility. FET® is a global manufacturing company, serving the oil, natural gas, industrial and renewable energy industries. With headquarters located in Houston, Texas, FET provides value added solutions aimed at improving the safety, efficiency, and environmental impact of our customers' operations. For more information, please visit View source version on Contacts Rob KuklaDirector Investor

Forum Energy Technologies Announces Timing of First Quarter 2025 Earnings Conference Call
Forum Energy Technologies Announces Timing of First Quarter 2025 Earnings Conference Call

Yahoo

time16-04-2025

  • Business
  • Yahoo

Forum Energy Technologies Announces Timing of First Quarter 2025 Earnings Conference Call

HOUSTON, April 16, 2025--(BUSINESS WIRE)--Forum Energy Technologies, Inc. (NYSE: FET) announced today that it will host its first quarter 2025 earnings conference call at 10:00 a.m. Central Time on Friday, May 2, 2025. FET will issue a press release reporting its first quarter 2025 earnings prior to the conference call. The call will be webcast through the Investor Relations link on FET's website at Participants who want to ask a question during the call should register on FET's Investor Relations website page or click here to receive the dial-in numbers and a unique PIN. Participants are encouraged to join the call approximately ten minutes prior to the start time. A replay of the call will be available on the Investor Relations website beginning on May 2, 2025, at approximately 5:00 p.m. Central Time. FET is a global company, serving the oil, natural gas, industrial and renewable energy industries. FET provides value added solutions that increase the safety and efficiency of energy exploration and production. We are an environmentally and socially responsible company headquartered in Houston, TX with manufacturing, distribution and service facilities strategically located throughout the world. For more information, please visit View source version on Contacts Company Contact Rob KuklaDirector Investor Sign in to access your portfolio

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