COMPOSITE PIPING PARTNERSHIP AGREEMENT BETWEEN EXEL AND MIRADOR

Exel Oyj and Mirador AS and have signed a partnership agreement. This agreement provides Mirador with a strong platform for manufacturing and delivery of their piping system as well as further development of technical solutions and geographic expansion.

Mirador AS is a supplier of lightweight, corrosion resistant and quick to install piping systems with a unique jointing technology in durable composite materials. The Mirador piping system focuses on small diameter piping systems for support systems and chemicals with substantial cost savings. Mirador provides technical support and certification programs for installers.

Exel Oyj is a leading composite technology company that designs, manufactures and delivers glass- and carbon fibre reinforced profiles and laminates for industrial applications and sports equipment. Exel`s production facilities are located in Finland, UK and several other locations in Europe in addition to Australia and China.

The partnership between Mirador and Exel will be a quality supplier of piping systems and other products in composite materials such as secondary platforms, grating systems, cable trays, etc. to the oil and gas and other industries internationally.

“Based on five years of experience with the Mirador piping systems in operation on offshore platforms and for selected process/petrochemical industries, shipping and on-land applications, the partnership with Exel is an important step to ensure capacity and quality in delivery and further development. We look forward to a close and fruitful cooperation with the Exel organisation worldwide”, says Mirador’s Managing Director Trygve Kjølseth.

Vesa Korpimies, Executive Vice President of Exel says: “The partnership fits well into Exel’s strategy of expansion into new technology and markets. The Exel organisation is eager to cooperate with Mirador to achieve the benefits of the partnership.”

For further information please contact:
Trygve Kjølseth, +47 22 82 87 70, t.kjolseth@mirador.no
Vesa Korpimies, +358 505 90 6754, vesa.korpimies@exel.net