TORONTO and MARSEILLE, France, Nov. 5, 2024
/CNW/ - Foraco International SA (TSX: FAR) ("Foraco" or
the "Company"), a leading global provider of drilling services, has
been awarded the "Innovation of the Year" award for 2024 by the
Australian Drilling Industry Association (ADIA) for the
introduction of their new NGBF 800 Rotary drill rig which has
recently been deployed in Western
Australia.
Tim Bremner, CEO of Foraco,
commented, "Foraco has proudly received the Australian Drilling
Industry Association (ADIA) 2024 Safety Innovation of the Year
award for their NGBF 800 Deep Water Well drilling
package. This powerful, small footprint, remotely operated,
high-capacity rotary drilling platform is a proprietary design, and
collaboration between our teams in France and Australia, which highlights the groups global
innovation capability to deliver industry leading solutions that
exceed client expectations. World class global miners have embraced
the enhancements in safety, productivity, efficiency and
sustainability this rig suite brings to their operations and is the
first of many packages destined for Australia. We look
forward to deployment of additional rigs in the coming months and
introducing this impressive drilling system to other regions of the
Foraco world."
"Neither TSX Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Exchange) accepts
responsibility for the adequacy or accuracy of this release."
Caution concerning forward-looking statements.
This document may contain "forward-looking statements" and
"forward-looking information" within the meaning of applicable
securities laws. These statements and information include
estimates, forecasts, information and statements as to Management's
expectations with respect to, among other things, the future
financial or operating performance of the Company and capital and
operating expenditures. Often, but not always, forward-looking
statements and information can be identified by the use of words
such as "may", "will", "should", "plans", "expects", "intends",
"anticipates", "believes", "budget", and "scheduled" or the
negative thereof or variations thereon or similar terminology.
Forward-looking statements and information are necessarily based
upon a number of estimates and assumptions that, while considered
reasonable by Management, are inherently subject to significant
business, economic and competitive uncertainties and contingencies.
Readers are cautioned that any such forward-looking statements and
information are not guarantees and there can be no assurance that
such statements and information will prove to be accurate and
actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations
are disclosed under the heading "Risk Factors" in the Company's
Annual Information Form dated March 7,
2024, which is filed with Canadian regulators on SEDAR+
(www.sedarplus.ca). The Company expressly disclaims any intention
or obligation to update or revise any forward-looking statements
and information whether as a result of new information, future
events or otherwise. All written and oral forward-looking
statements and information attributable to Foraco or persons acting
on our behalf are expressly qualified in their entirety by the
foregoing cautionary statements.
SOURCE Foraco International SA