McCoy Global (TSE:MCB) has released an update.
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McCoy Global Inc. has secured a landmark CAD$3.7 million contract to supply deep water offshore integrated casing running systems and inaugurate the commercial use of its Virtual Thread-Rep(TM) software as a SaaS offering. This technology revolutionizes the offshore drilling industry by enabling remote monitoring and control over connection make-up, aiming to improve efficiency and reduce human error. The delivery of these systems and technology is poised for the end of 2024 to early 2025, marking a significant opportunity for McCoy in the strengthening offshore markets.
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