Brief: Superior Drilling Products Inc Secures International Distributor Relationship For Drill-N-Ream Wellbore Conditioning System

Superior Drilling Products

29/06/2022 14:10

June 29 (Reuters) - Superior Drilling Products Inc  SDPI.A :
    * SUPERIOR DRILLING PRODUCTS, INC. SECURES INTERNATIONAL
DISTRIBUTOR RELATIONSHIP FOR DRILL-N-REAM® WELLBORE CONDITIONING
SYSTEM
    * SUPERIOR DRILLING PRODUCTS - UNIT ENTERED EXCLUSIVE
CHANNEL
PARTNER, DISTRIBUTION AGREEMENT WITH BIN ZAYED PETROLEUM FOR
INVESTMENT LIMITED
    * SUPERIOR DRILLING PRODUCTS  - EXCLUSIVE AGREEMENT PROVIDES
FOR
BIN ZAYED PETROLEUM TO PURCHASE ABOUT $13 MILLION OF
DRILL-N-REAMS FOR MIDDLE EAST
    * SUPERIOR DRILLING PRODUCTS INC - REVENUE ASSOCIATED WITH
INITIAL
INVENTORY PURCHASE WILL BE RECOGNIZED IN Q3 OF 2022
    * SUPERIOR DRILLING PRODUCTS INC - INITIAL TRANCHE OF
PURCHASED
INVENTORY OF APPROXIMATELY $4 MILLION WAS EFFECTIVE WITH
EXECUTION OF AGREEMENT

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