McCoy Global (TSE:MCB) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
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.
For further insights into TSE:MCB stock, check out TipRanks’ Stock Analysis page.
