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FSI

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Share Name Share Symbol Market Type
TSXV:FSI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

FSI Announces Developments in Brine Plant Division

05/04/2012 8:05pm

Marketwired Canada


Richard Ball, President and CEO of FSI ENERGY SERVICES INC. (TSX VENTURE:FSI)
("FSI") is pleased to announce several developments related to the company's
Brine Plant products, which it markets in Russia and Kazakhstan oil and gas
sectors. 


FSI has secured a patent for its Brine Plant technology and process for the
Russian Federation. This patent is valid to 2021, and will help solidify the
company as the key supplier of this oilfield production process for the major
Russian oil producers and protect the company's intellectual property.


The company has also received letters of intent from two clients for the
purchase of one Brine Plant each. The first of these is the largest-sized model
FSI produces, and the client is a repeat purchaser of Brine Plant technology,
having bought its first Brine Plant - which is still in full operation - in
1995. Contract negotiation and finalization is expected by April 30.


About FSI

Through its wholly owned subsidiary FSI International Services Ltd., FSI Energy
Services Inc. is a Calgary-based manufacturing and service company specializing
in customized production equipment, water remediation, filtration, and
filtration-related technologies.


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