Skip to main content

McCOY GLOBAL ANNOUNCES RECEIPT OF SIGNIFICANT CONTRACT AWARD FOR DEEP WATER OFFSHORE INTEGRATED CASING RUNNING SYSTEMS INCLUDING SaaS SUBSCRIPTION TO ITS PROPRIETARY VIRTUAL THREAD-REP(TM) SOFTWARE

Newswire.ca - Tue Jun 11, 6:00AM CDT

EDMONTON, AB, June 11, 2024 /CNW/ - McCoy Global Inc. ("McCoy," "McCoy Global" or "the Corporation") (TSX: MCB) today announced the acceptance of a contract award totaling CAD$3.7 million for deep water offshore integrated casing running systems. The contract award also marks the first offshore commercial Software as a Service (SaaS) purchase commitment for its Virtual Thread-RepTM technology. McCoy's Virtual Thread-RepTM technology enables customers to remotely monitor and control premium connection make-up. It also facilitates the autonomous evaluation and confirmation of premium connection make-up on location. Delivery of the equipment and technology is expected to occur in the fourth quarter of 2024 and first quarter of 2025.

Read more at newswire.ca

Provided Content: Content provided by Newswire.ca. The Globe and Mail was not involved, and material was not reviewed prior to publication.