Superior Drilling Products, Inc. Achieves AS9100D with ISO 9001:2015 Certification for Quality Management Systems
09 Dezembro 2020 - 06:25PM
Business Wire
Expands revenue opportunities with ability
to manufacture products for aerospace and defense customers
Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or
the “Company”), an innovator and manufacturer of drilling tool
technologies, today announced that it has been awarded the AS9100D
with ISO 9001:2015 certification for its quality management systems
(QMS) and for meeting QMS requirements specific to the aviation,
space and defense industry.
Troy Meier, Chairman and CEO of SDP commented, “Superior
Drilling Products has always had an intent focus on delivering
quality. The ISO 9001 certification is validation of our ability to
consistently deliver to global quality standards and enables us to
qualify as a supplier for a broader base of customers and
industries. Of note, we achieved the AS9100D certification which
establishes additional requirements for critical industries that
expand our addressable market. The certification furthers our
commitment to our customers to practice repeatable, reliable, and
continuously improving processes that deliver world-class
products.”
ISO 9001:2015 is an international QMS standard developed and
published by the International Organization for Standardization.
AS9100D is an international QMS standard published by the Society
of Automotive Engineers (SAE). The standards are based on several
quality management principles, including an outlined process-based
method, strong customer focus, and involvement of upper-level
company leadership. Organizations worldwide use the standard to
demonstrate the ability to consistently provide products and
services that meet customer and regulatory requirements.
About Superior Drilling Products, Inc. Superior Drilling
Products, Inc. is an innovative, cutting-edge drilling tool
technology company providing cost saving solutions that drive
production efficiencies for the oil and natural gas drilling
industry. The Company designs, manufactures, repairs and sells
drilling tools. SDP drilling solutions include the patented
Drill-N-Ream® well bore conditioning tool and the patented Strider™
oscillation system technology. In addition, SDP is a manufacturer
and refurbisher of PDC (polycrystalline diamond compact) drill bits
for a leading oil field service company. SDP operates a
state-of-the-art drill tool fabrication facility, where it
manufactures its solutions for the drilling industry, as well as
customers’ custom products. The Company’s strategy for growth is to
leverage its expertise in drill tool technology and innovative,
precision machining in order to broaden its product offerings and
solutions for the oil and gas industry.
Additional information about the Company can be found at
www.sdpi.com.
Safe Harbor Regarding Forward Looking Statements This news
release contains forward-looking statements and information that
are subject to a number of risks and uncertainties, many of which
are beyond our control. All statements, other than statements of
historical fact included in this release, including, without
limitations, the ability to expand into the aerospace, space and
defense industries, add new customers in these new industries and
consistently achieving the QMS standards are forward-looking
statements. The use of words “could,” “believe,” “anticipate,”
“intend,” “estimate,” “expect,” “may,” “continue,” “predict,”
“potential,” “project”, “forecast,” “should” or “plan, and similar
expressions are intended to identify forward-looking statements,
although not all forward -looking statements contain such
identifying words. These statements reflect the beliefs and
expectations of the Company and are subject to risks and
uncertainties that may cause actual results to differ materially.
These risks and uncertainties include, among other factors, the
duration of the COVID-19 pandemic and related impact on the oil and
natural gas industry, the effectiveness of success at expansion in
the Middle East, options available for market channels in North
America, the deferral of the commercialization of the Strider
technology, the success of the Company’s business strategy and
prospects for growth; the market success of the Company’s
specialized tools, effectiveness of its sales efforts, its cash
flow and liquidity; our ability to maintain our NYSE American
listing; financial projections and actual operating results; the
amount, nature and timing of capital expenditures; the availability
and terms of capital; competition and government regulations; and
general economic conditions. These and other factors could
adversely affect the outcome and financial effects of the Company’s
plans and described herein. The Company undertakes no obligation to
revise or update any forward-looking statements to reflect events
or circumstances after the date hereof.
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version on businesswire.com: https://www.businesswire.com/news/home/20201209005993/en/
For more information, contact investor relations: Deborah
K. Pawlowski Kei Advisors LLC (716) 843-3908
dpawlowski@keiadvisors.com
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