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Deep Sea Rare Minerals, Inc. Completes Pre-FEED Study and Announces Plan to Advance to Next Engineering and Design Phase for Polymetallic Nodule Collection System [Yahoo! Finance]

Oil States International, Inc. (OIS) 
Last oil states international, inc. earnings: 4/29 05:15 pm Check Earnings Report
US:NYSE Investor Relations: ir.oilstatesintl.com/investor-relations
Company Research Source: Yahoo! Finance
the "Company") today announced completion of a pre-front-end engineering and design ("pre-FEED") study, conducted in collaboration with a consortium of specialty subsea equipment providers. The study established preliminary design parameters for a potential polymetallic nodule ("PMN") collection system. The Company intends to proceed to subsequent engineering and design phases as it continues to evaluate the potential development of a PMN collection system. Any future commercial operations remain subject to, among other things, the completion of engineering studies, the availability of financing, and the receipt of required regulatory approvals. As part of the pre-FEED study, the Company identified the following preliminary design parameters for a potential PMN collection system: Selection of Soil Machine Dynamics Ltd. ("SMD") to support the design of a 6,000-meter-rated subsea collector system. SMD is a designer and manufacturer of work-class remotely operated vehicle systems. Show less Read more
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