Dialight has secured a 'major order' for over a thousand LED lighting fixtures from an unnamed, Texas-based rig owner and operator, the company announced on Monday morning.
The LED lighting technology group said it will provide 1,224 fixtures for the "major" US company for use on eight newly constructed onshore drilling rigs.
The customer, which is said to have over 1,000 land rigs in its fleet, along with platform and barge rigs, placed the order following successful trial of Dialight's LED light fixtures.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chief Executive Roy Burton said: "We believe that this order is just the beginning of what we see as a major growth area for our LED fixtures. We are rapidly expanding our operations and sales forces in regions such as Brazil, Eastern Europe, the Middle East and South-East Asia, among others, to take advantage of the opportunity in the oil & gas market."
The customer, which is said to have over 1,000 land rigs in its fleet, along with platform and barge rigs, placed the order following successful trial of Dialight's LED light fixtures.
Burton said: "There are a huge number of drilling rigs around the world with the potential for integrating LED lighting suitable for hazardous locations and Dialight is particularly well-positioned to service that market. We are looking forward to securing more contracts of this nature in the future, for both new and serviced existing rigs, as the industry continues to recognise the considerable value proposition of LED lighting."
-
Adidas, Nike or Jordans - could collectable trainers make you rich?The right pair of trainers can fetch six figures. Here's how you can start collecting vintage Adidas, Nike or Jordans now
-
Early bird ISA investors flock to global funds, India and the USThere’s been an increase in investors maxing out their ISA at the start of the new tax year. But where are they putting their cash and why does it make sense to be an early bird investor?
