Oil & Gas Equipment: Hemiwedge Receives $512 Thousand Order
June 10, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Hemiwedge Industries, Inc. (OTC: HWEG), a supplier of engineered valves, said it has received an order for $512 thousand for its Hemiwedge Cartridge valves from a Texas-based energy services customer. The purchase order was issued to Hemiwedge Valve, the operating subsidiary of Hemiwedge Industries that sells the patented valve product line. The purchase order is for six inch ANSI class valves for mud-diverter service applications.
Hemiwedge said that deliveries under the order are scheduled to occur over the remainder of the second quarter and into the third quarter 2010.
Texas-based Hemiwedge Valve operates as a global supplier of engineered valve products. The company’s proprietary valve technology, the Hemiwedge Cartridge valve line, incorporates a hemispherical wedge to provide a mechanically sealing, tight shutoff valve in a variety of applications. The valve has been used by reference customers in applications including refining, mining, process, pipeline, power, mid-stream and petro-chemical markets.
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