McCoy Global Inc. announced the acceptance of a contract award totaling CAD 3.7 Million for deep water offshore integrated casing running systems. The contract award also marks the first offshore commercial Software as a Service (SaaS) purchase commitment for its Virtual Thread-RepTM technology. McCoy's Virtual Thread-RepTM technology enables customers to remotely monitor and control premium connection make-up. It also facilitates the autonomous evaluation and confirmation of premium connection make-up on location.

Delivery of the equipment and technology is expected to occur in the fourth quarter of 2024 and first quarter of 2025.