Westeel Develops Innovative Frac Tank Product

Speed Plate system drastically reduces installation time

(firmenpresse) - WINNIPEG, MANITOBA -- (Marketwire) -- 09/24/12 -- Westeel, one of Canada's foremost manufacturers of steel storage products, has developed a frac tank installation system which allows most tanks to be built in one day. Using Westeel's new "Speed Plate" technology, this innovative product enables frac site operators to get their sites up and running in record time, without the use of cranes for a safer installation. "Increasing the speed of frac tank installation has been our focus," said Westeel President and General Manager, Andre Granger. "This new system provides a fast, safe, cost-effective solution to water management at drilling sites."

Available through Westeel's distributor, the re-usable and movable frac tanks are engineered with corrugated steel panels, and most sizes can be delivered to site on a single truckload, which includes the tank and liner. The new patent-pending Speed Plate uses less bolts per panel seam, which enables the installation crew to build the system quicker, while still maintaining its structural integrity.

Sales will be initially focused in North America, with a product launch planned in Western Canada and North Dakota. "There are tremendous opportunities for our business in these locations. We are excited to be able to offer this convenient new system throughout the oil and gas industry", said Mr. Granger.

Westeel is a division of Vicwest Corporation. It is headquartered in Winnipeg, Manitoba, where it operates one of its five production facilities in Western Canada. Westeel's comprehensive catalogue of steel storage products includes a wide range of on-farm and commercial storage solutions for today's agricultural industry, as well as custom storage solutions to meet the needs of the petroleum and industrial sectors. The company exports its products across North America and to more than 30 countries around the world. Vicwest Inc. is traded on the TSX under the symbol VIC.



Contacts:

Westeel
Andre Granger
President and General Manager
(204) 233-7133

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 24.09.2012 - 20:06 Uhr
Sprache: Deutsch
News-ID 186199
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