Reeflex Solutions Inc. Awarded $3.4 Million Contract to Supply Fully Customized Mast-Style Coiled Tubing Rig to Iron Horse Energy Services

Executive Summary

• Reeflex Solutions’ subsidiary Coil Solutions Inc. (via Ranglar Manufacturing) secured a $3.4 million contract to design and build a custom mast‑style coiled tubing rig for Iron Horse Energy Services.
• The rig will be engineered for larger‑diameter tubing, extended‑reach wells, high pull loads, cold‑weather performance, and enhanced operator safety.
• Engineering and fabrication start immediately with delivery targeted for Q3 2026.

Key Details

• Contract Value: $3.4 million (award date: Dec 4 2025).
• Customer: Iron Horse Energy Services – a wholly‑owned subsidiary of Trican Well Service Ltd. (TSX: TCW).
• Scope: Design and manufacture of a fully customized mast‑style coiled tubing rig.
• Technical Highlights:
• Handles larger‑diameter tubing and extended‑reach wells.
• Capable of high pull loads.
• Enhanced cold‑weather performance.
• Improved operator safety features.
• Project Timeline: Engineering & fabrication begin immediately; delivery expected in Q3 2026.
• Management Commentary: President & CEO John Babic highlighted the award as evidence of CSI’s growing engineering reputation and commitment to high‑performance equipment for a leading service provider.

Notable Quotes

“This contract award reflects the growing recognition of CSI’s engineering capabilities and our commitment to delivering high‑performance coiled tubing equipment,” – John Babic, President & CEO, Reeflex Solutions Inc.

Materiality Assessment: Material – Positive (significant new revenue contract with a strategic industry customer).