Forum Energy Technologies Awarded Contract for Eight Remotely Operated Vehicles from Subsea

Forum Energy Technologies, Inc. (NYSE: FET) has announced that it received an order from Subsea 7 S.A. to supply eight work-class remotely operated vehicle (ROV) systems. The ROVs will be delivered through late 2014 and 2015.

The order comprises two Perry™ XLX Evo 200HP ROVs for Subsea 7's new-build Heavy Construction Vessel and six Perry XLX-C 150HP ROVs for three new-build Pipe-lay Support Vessels for the Brazilian market. The Perry XLX Evo heavy work-class and XLX-C medium work-class ROVs are the latest generation of the Perry XL series. The XLX-C features enhanced performance across the full range of intervention and survey activities without compromising the reliability of the XL series.

"Forum is pleased with its association with Subsea 7, a premier subsea contractor," said Bill Boyle, Forum Subsea Technologies' Senior Vice President. "The choice of Perry vehicles for the operationally demanding Brazilian market represents a vote of confidence in the reliability of the XLX-C system and supports Forum Subsea's strategy of providing first class engineering, and after-market support and service to Subsea 7 and our other Brazilian customers from our facilities in Rio de Janeiro and Rio das Ostras."