WELLINGTON, Fla., March 10, 2015 (GLOBE NEWSWIRE) -- KLX Inc. ("KLX") (Nasdaq:KLXI), the world's leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products for the oil and gas industry, announced today that it has added Compensated Neutron Logging (CNL) and Cement Bond Logging (CBL) services to its range of ESG service offerings.
"We are pleased to be able to add these new services to our offerings. Our recently organized Logging Services technical team will be helping us over time to migrate these new service offerings across our ESG geographical sites. CNL tools and services provide our customers valuable intelligence as to wellbore porosity, lithology, and the presence of gas, while our CBL tools and services provide our customers important data as to the quality of their wellbore cased hole cement bonds either during the curing process or over time," said Amin J. Khoury, Chairman & Chief Executive Officer of KLX Inc.
This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements involve risks and uncertainties. The Company's actual experience and results may differ materially from the experience and results anticipated in such statements. Factors that might cause such a difference include those discussed in the Company's filings with the Securities and Exchange Commission ("SEC"), which include its Form 10, and Current Reports on Form 8-K. For more information, see the section entitled "Forward-Looking Statements" contained in the Company's Form 10 and in other filings. The forward-looking statements included in this news release are made only as of the date of this news release and, except as required by federal securities laws and rules and regulations of the SEC, the Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
About KLX Inc.
KLX Inc., through its two operating segments, provides mission critical products and complex logistical solutions to support its customers' high value assets. KLX serves its customers in demanding environments that face high cost of downtime and require dependable, high quality just-in-time customer support. The Aerospace Solutions Group is the world's leading distributor and value added service provider of aerospace fasteners and consumables offering the broadest range of aerospace hardware and consumables and inventory management services worldwide. The Energy Services Group provides vital services and products to the oil and gas industry on an episodic, 24/7 basis focused on reducing our customers' exposure to non-productive time ("NPT"). For more information, visit the KLX website at www.klx.com.
CONTACT: Michael Perlman Assistant Treasurer KLX (561) 383-5100