FOR IMMEDIATE RELEASE:
Mark Tool and Elite Elastomers Announce Joint Venture
January 18, 2018
Mark Tool and Elite Elastomers entered into a joint venture focused on the research, development, and end-use application for complete elastomeric subsea high temperature thermal insulation systems which can be installed via three methods to include S-Lay, J-Lay, and Reel-Lay. The newly formed company has been named MTE Engineered Materials. The chosen name represents the combined strengths of both Mark Tool and Elite Elastomers.
The venture, which brings together the expertise of both companies, will build on Elite Elastomers elastomeric material research and development innovations and Mark Tool’s application and manufacturing technology. This venture will evolve the two companies within the realm of the high temperature subsea thermal insulation systems. The partnership will offer complete turn-key solutions while initially focusing on the Gulf of Mexico.Read More