This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Furmanite Awarded Project In Canada

Furmanite Corporation (NYSE: FRM) today announced that its subsidiary, Furmanite America, Inc., has received a $4.7 million Line Isolation Project in the Northern Oil Sands Region of Canada. Furmanite was selected to design, engineer, manufacture and provide service for a Hot Tap and Line Stop on a 16” alloy, boiler feed, piping system that operates at 950 psi and 925 oF.

Furmanite’s design will allow the intervention of the pipeline to permit the installation of isolation valves without shutting down the main boiler, which would have resulted in a loss of revenue for the oil producer. Joseph E. Milliron, president and chief operating officer of Furmanite Corporation, said: “Furmanite’s approach was selected over others due to our engineering aptitude for large-scale projects as well as our experience dealing with high pressure and high temperature critical path operations. We are excited that our newly engineered equipment was selected.”

The design is currently underway with field operations scheduled to begin in 2011. Once the initial installation is complete, the process is expected to be utilized on several identical operations that will occur over the next two to three years at an additional combined estimated value of $7 million.


Furmanite Corporation (NYSE: FRM) is a worldwide technical services firm. Headquartered in Dallas, Texas, Furmanite, one of the world’s largest specialty technical services companies, delivers a broad portfolio of engineering solutions that keep facilities operating, minimizing downtime and maximizing profitability. Furmanite’s diverse, global operations serve a broad array of industry sectors, including offshore drilling operations, pipelines, refineries and power generation facilities, chemical and petrochemical plants, steel mills, automotive manufacturers, pulp and paper mills, food and beverage processing plants, semi-conductor manufacturers and pharmaceutical manufacturers. Furmanite operates more than 75 offices on six continents. For more information, visit

Certain of the Company’s statements in this press release are not purely historical, and as such are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These include statements regarding management’s intentions, plans, beliefs, expectations or projections of the future. Forward-looking statements involve risks and uncertainties, including without limitation, the various risks inherent in the Company’s business, and other risks and uncertainties detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. One or more of these factors have affected, and could in the future affect the Company’s business and financial results in future periods, and could cause actual results to differ materially from plans and projections. There can be no assurance that the forward-looking statements made in this document will prove to be accurate, and issuance of such forward-looking statements should not be regarded as a representation by the Company, or any other person, that the objectives and plans of the Company will be achieved. All forward-looking statements made in this press release are based on information presently available to management, and the Company assumes no obligation to update any forward-looking statements.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FRM $8.23 0.12%
AAPL $118.20 -0.57%
FB $105.70 -0.04%
GOOG $749.62 0.18%
TSLA $229.31 5.10%


Chart of I:DJI
DOW 17,837.14 +24.95 0.14%
S&P 500 2,091.71 +2.57 0.12%
NASDAQ 5,121.04 +18.2320 0.36%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs