Flotek Industries to Exhibit at Society of Petroleum Engineers Annual Technical Conference and Exhibition with Debut of New CnF™ Impact Video Presentation
HOUSTON, Oct. 31, 2011 /PRNewswire/ -- Flotek Industries, Inc. ("Flotek" or the "Company") (NYSE: FTK) announced today that it will exhibit its suite of advanced Complex Nanofluid (CnF™) technologies at the Society of Petroleum Engineers Annual Technical Conference and Exhibition in Denver, beginning today and continuing through November 2, 2011. CESI Chemical, Flotek's primary specialty chemical subsidiary, will exhibit from booth 2607 at the Colorado Convention Center.
In conjunction with the exhibition, Flotek will debut a three minute video describing its research and data on the positive impact of its CnF™ suite of chemistry technologies on production economics for oil and natural gas producers.
"We are pleased to have an opportunity to present the CnF™ story to some of the world's best and brightest petroleum engineers at the annual SPE Technical Conference and Exhibition," said John Chisholm, Flotek's Chairman and President. "We believe our best-in-class chemistries can improve production economics in almost every completion scenario and are excited about the opportunity to discuss the technical aspects of our chemistries with this elite group in Denver. Spending three minutes with Flotek at this week's gathering could have a profound impact on how petroleum engineers view the future of unconventional completions."
In addition to being available at the SPE conference, the video debut will be simultaneously released on Flotek's website, www.flotekind.com. It can be found under the "Featured Products" section on the main website page.
About Flotek Industries, Inc.
Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling and production equipment. It serves major and independent companies in the domestic and international oilfield service industry. Flotek Industries, Inc. is a publicly traded company headquartered in Houston, Texas, and its common shares are traded on the New York Stock Exchange under the ticker symbol "FTK."
For additional information, please visit Flotek's web site at www.flotekind.com.
Forward-Looking Statements:
Certain statements set forth in this Press Release constitute forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934) regarding Flotek Industries, Inc.'s business, financial condition, results of operations and prospects. Words such as expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this Press Release.
Although forward-looking statements in this Press Release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, demand for oil and natural gas drilling services in the areas and markets in which the Company operates, competition, obsolescence of products and services, the Company's ability to obtain financing to support its operations, environmental and other casualty risks, and the impact of government regulation. Further information about the risks and uncertainties that may impact the Company are set forth in the Company's most recent filings on Form 10-K (including without limitation in the "Risk Factors" Section), and in the Company's other SEC filings and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this Press Release. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this Press Release.
SOURCE Flotek Industries, Inc.
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