Koil Energy Solutions to Provide Cable Management Services for Military Application
Koil Energy Solutions, Inc. (Koil), formerly known as Deep Down, Inc., an international specialist in subsea energy equipment and services, announces the receipt of an order to provide cable management services for a military project in the northern half of the United States.
“Expanding our cable management expertise beyond our traditional oil and gas business was a key plank of our strategic transformation,” said Charles Njuguna, President and CEO of Koil Energy Solutions, Inc. “This award validates this strategy and further demonstrates the total addressable market for our services.”
The project will require Koil to provide equipment and personnel for installation and recovery activities for fiberoptic cables and accessories, which will be used for military exercises in inland waterways.
“While our primary focus remains on the energy industry, being called upon to support such a project provides further validation of the applicability of our capabilities in other industries,” said Njuguna.