Hemiwedge Industries Announces $150 Thousand Order for its Hemiwedge® Cartridge Valve From Integrated Mid-Stream Natural Gas Services Company

CONROE, Texas, Aug. 5 /PRNewswire-FirstCall/ -- Hemiwedge Industries, Inc. (Pink Sheets: HWEG), a global supplier of specialty engineered valves, today announced it has received an order for $150 thousand for its Hemiwedge® Cartridge valves from one of the largest providers of integrated midstream natural gas services in the country.

The purchase order was issued to Hemiwedge Valve Corp (HVC), the operating subsidiary of Hemiwedge Industries that sells the patented valve product line. The purchase order is for 3 inch through 6 inch bore sizes, in 300 and 600 ANSI class valves for heavy condensate and compressor service applications.  These Hemiwedge valves will replace existing valves that have had stem emission issues. Deliveries are scheduled to occur during the third quarter of 2010.

"The customer tested the Hemiwedge® Cartridge valve in this application for more than a year," Ken Chickering, CEO of Hemiwedge Industries, stated.  "They liked the quarter-turn design which allows for simple fast operation and avoids stem emissions issues that multiple-turn valves can sometimes encounter. They also like the Cartridge feature of the valve which allows repair in minutes with the valve body remaining in the line, compared to other legacy design valves which can require maintenance from a factory serviceman or removing the entire valve to return to the factory.  Our Company anticipates additional orders from this customer later this year."

About Hemiwedge Industries, Inc.

Hemiwedge Valve Corporation ("HVC"), a wholly-owned subsidiary of Hemiwedge Industries, operates as a global supplier of engineered valve products. In its 60,000 square foot ISO 9001 and API Q1 approved facility in Conroe, Texas, the Company manufactures and markets worldwide a patented proprietary valve technology known as the Hemiwedge® Cartridge valve product line. The Hemiwedge® Cartridge valve is a proven innovative design that incorporates a hemispherical wedge to provide a mechanically sealing, tight shutoff valve with a simple quarter-turn operation that provides outstanding longevity and performance in a broad range of applications.  Unlike ball valves, the stationary core of the Hemiwedge® Cartridge valve directs flow away from the seat surfaces which allows longer service life. The "Cartridge" feature reduces expensive downtime during valve maintenance as all of the internal parts of the valve are attached to the bonnet, as a Cartridge, which allows a quick exchange of all the internals of the valve while the valve body remains in the line. This feature is especially relevant in weld-in line valve bodies and severe service applications.  Hemiwedge® Cartridge valve has been successfully used by reference customers in applications including refining, mining, process, pipeline, power, mid-stream and petro-chemical markets.  The product line currently ranges in bore sizes from one inch to twenty inches, API 6D monogram, and ANSI class 150 through 900. For additional information on the Company and its products, please visit www.hemiwedge.com.

Forward-Looking Statements

This document contains discussion of items that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although the Company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ from expectations include, but are not limited to, customer concentration risk, difficulties in refinancing or restructuring its debt, difficulties in accelerating internal sales growth, volatility of the energy business and its effects on the Company's business, difficulties in new technology acceptance within the energy and process industries, restrictive covenants in our existing credit facilities, fluctuations in metals prices, an inability to perform customer contracts at anticipated cost levels, political and economic global supply chain risk, general economic conditions in markets in which we do business, extensive environmental and workplace regulation by federal and state agencies, and other general risks related to its common stock, and other uncertainties and business issues that are detailed in its filings with the Securities and Exchange Commission. All information provided in this release and in the attachments is as of August 5, 2010 and the Company undertakes no duty to update this information.

SOURCE Hemiwedge Industries, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED