Flotek Industries Announces New York City Investor Presentation: An Introduction to Direct-to-Market Strategy and FracMax®, Including Industry Panel on CnF® and Completion Technology
HOUSTON, August 31, 2015 /PRNewswire/ -- Flotek Industries, Inc. (NYSE: FTK - News) this morning announced it will hold an investor presentation in New York City on Friday, September 11, 2015.
The presentation, “Introducing the Flotek Store and FracMax®” will provide a comprehensive review of Flotek’s leading commitment to research and innovation; an introduction to the Flotek Store, Flotek’s direct-to-market strategy for its leading CnF® patented, customized completion chemistry as well as other oilfield chemistry solutions; and a comprehensive presentation on FracMax®, Flotek’s transformational, patent-pending, proprietary data analysis and visualization software which validates the empirical efficacy of Flotek’s CnF® suite of chemistry solutions.
In addition, Flotek will host a panel of industry, research and academic experts that will discuss the impact of customized chemistry and advanced oilfield technology on maximizing hydrocarbon production. The panel will include:
· Yucel Akkutlu, Ph.D. George & Joan Voneiff Career Development Professor & William Keeler Fellow, Harold Vance Department of Petroleum Engineering, Texas A&M University, College Station, Texas.
· John Ely, Founder & Chief Executive Officer, Ely & Associates, Houston, Texas.
· Daniel Hill, Ph.D., Noble Chair, Harold Vance Department of Petroleum Engineering, Texas A&M University, College Station, Texas.
· Lanny Schoeling, Ph.D., Vice President of Engineering & Technical Development, Kinder Morgan CO2 Company, L.P., Houston, Texas.
· Brady Webb, Chief Engineer, Velvet Energy, Calgary. Alberta, Canada.
· Gary Womack, Vice President – Operations, Tall City Exploration, LLC, Midland, Texas.
The presentation will conclude with an operational and financial update, highlighting current activity and an outlook for the balance of 2015 and early 2016.
“Our New York presentation will underscore the remarkable progress the Flotek team has made in the past eight months as we transform our business – and the industry – to best align relationships between oilfield technology companies like Flotek and the ultimate beneficiary of our products and services, the exploration and production companies,” said John Chisholm, Chairman, President and Chief Executive Officer of Flotek. “We look forward to sharing our progress and our vision with investors and illustrating the impact of FracMax® and our direct-to-market model on current operations as well as future prospects.”
The presentation will be webcast live and can be accessed from Flotek's website, www.flotekind.com. The presentation slides will be available on the Flotek website coincident with the conference presentation.
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.
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.