FMC Technologies, Inc. (NYSE:FTI) announced today that it has received
an award from Samsung Heavy Industries Co., Ltd to supply its customer,
Flex LNG, with four liquid natural gas (LNG) offloading systems. The
order also includes an option for a fifth offloading system. Financial
terms were not disclosed.
Each system includes three 16-inch offshore LNG offloading arms,
equipped with FMC’s patent pending
enhanced-connection targeting system as well as a control system. All
equipment will be manufactured at FMC’s
operation in Sens, France. Deliveries are scheduled for 2009 and 2010.
“We are proud to have been selected by Samsung
and Flex LNG for this world-first offloading systems order for LNG
floating production vessels,” said Robert L.
Potter, FMC Technologies’ Senior Vice
President of Energy Processing Systems. “This
award follows our recent receipt of five purchase orders to apply the
same technology to floating regasification vessels and exposed jetties
or platforms. We believe that this is another vote of confidence from
the emerging offshore LNG industry for our offshore loading system
technology.”
FMC Technologies, Inc. (NYSE:FTI) is a leading global provider of
technology solutions for the energy industry and other industrial
markets. The Company designs, manufactures and services technologically
sophisticated systems and products such as subsea production and
processing systems, surface wellhead systems, high pressure fluid
control equipment, measurement solutions, and marine loading systems for
the oil and gas industry. Named by FORTUNE Magazine as America’s
Most Admired Oil and Gas Equipment, Service Company in 2005, 2006 and
2008, FMC Technologies employs approximately 10,000 people and operates
33 manufacturing facilities in 19 countries. For more information
visit www.fmctechnologies.com.
This release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. Forward-looking
statements are information of a non-historical nature and are subject to
risks and uncertainties that are beyond the Company's ability to
control. These risks and uncertainties are described under the caption “Risk
Factors” in JBT’s
Registration Statement on Form 10. These risks and uncertainties are
also described under the caption “Risk Factors”
in FMC Technologies’ Annual Report on Form
10-K for the year ended December 31, 2007 and may be modified in
subsequent quarterly reports filed by the Company with the Securities
and Exchange Commission that may be accessed on the Company’s
website. The Company cautions shareholders and prospective investors
that actual results may differ materially from those indicated by the
forward-looking statements.
FMC Technologies, Inc.
Investors
Rob Cherry,
281-591-4560
or
Media
Ellen Bates, 281-445-6559
or
Michael
King, 281-931-2540