EDMONTON, AB, June 11, 2024 /CNW/ - McCoy Global Inc. ("McCoy," "McCoy Global" or "the Corporation") (TSX: MCB) today announced the acceptance of a contract award totaling CAD$3.7 million for deep water offshore integrated casing running systems. The contract award also marks the first offshore commercial Software as a Service (SaaS) purchase commitment for its Virtual Thread-RepTM technology. McCoy's Virtual Thread-RepTM technology enables customers to remotely monitor and control premium connection make-up. It also facilitates the autonomous evaluation and confirmation of premium connection make-up on location. Delivery of the equipment and technology is expected to occur in the fourth quarter of 2024 and first quarter of 2025.
Read more at newswire.caMcCOY GLOBAL ANNOUNCES RECEIPT OF SIGNIFICANT CONTRACT AWARD FOR DEEP WATER OFFSHORE INTEGRATED CASING RUNNING SYSTEMS INCLUDING SaaS SUBSCRIPTION TO ITS PROPRIETARY VIRTUAL THREAD-REP(TM) SOFTWARE
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