AFGlobal Acquires Axon Pump Technology from Amkin

AFGlobal Acquires Axon Pump Technology from Amkin

Company Enhances Pressure Pumping Portfolio Aimed at Strengthening Offering to Clients

HOUSTON, Oct. 20, 2017 (GLOBE NEWSWIRE) -- AFGlobal today announced that it has acquired the Axon pressure pump technology and product line from Amkin Technologies, LLC, a privately-held oilfield equipment and technology developer. Until recently, Amkin was continuing the evolution of the product offering by supporting ongoing operations and engaged with AFGlobal to realize revolutionary improvements in the construction of the pumps.

The acquisition of the Axon pump technologies and ability for AFGlobal to provide fluid and power ends in conjunction with the Company's pressure pumping systems will help clients realize a dramatic improvement in cost, durability and capability with ease of systems integration. In addition, these products are used across a broad spectrum of pumping technologies, including cementing, acidizing, coiled tubing support and well servicing.

?Equipment reliability in this market is critical, and this acquisition provides us with a valuable adjacent technology to help us further enhance our offering to clients looking to build efficiencies and streamline their operational suppliers,? commented Mark Terry, President of Pressure Pumping and Compression for AFGlobal.

AFGlobal's growing pressure pumping portfolio includes a wide range of pressure pumping equipment and technology, including customizable pumping solutions, blenders, hydration units and controls and analytics. Most recently, the company launched its proprietary DuraStimtm pump system?a unique, continuous duty positive displacement pump rated for 6,000 hp and prolonged use.

AFGlobal is an oil and gas OEM specializing in technology, products, and services. Our fully-integrated manufacturing capabilities serve clients around the world. We align well-established precision engineering with industry-leading innovation. AFGlobal provides strategic technologies to the upstream market, including advanced drilling systems, pressure pumping technologies, lifecycle services and subsea production systems. Headquartered in Houston, Texas, the Company delivers value through more than 20 facilities worldwide. Learn more at www.afglobalcorp.com or via Facebook | LinkedIn | Instagram | YouTube.

CONTACT:

AFGlobal - Christine Mathers
Director of Communications
+1.713.393.4361  |  [email protected]