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Forum Announces Sale of Two Sub-Atlantic(TM) Mojave Systems to Cummings Consulting, Inc.

HOUSTON, Nov. 13, 2012 (GLOBE NEWSWIRE) -- Forum Energy Technologies, Inc., (NYSE:FET) is pleased to announce the signing of a contract with Cummings Consulting, Inc. (Cummings). Under the contract, FET will supply two complete Sub-AtlanticTM Mojave Remotely Operated Vehicle (ROV) systems. Both of the Mojave ROVs will be equipped with job specific tooling systems such as; electric winches, touch screen control monitors, Sub-can Control Systems, sonar, color and monochrome cameras. Also included are two three function manipulators and VisualSoft™ data capture capabilities.

The Mojave systems are capable of reaching depths of 300 meters, and will be deployed for assessment analysis immediately off the coast of Florida.

"The Mojave was the perfect observation vehicle for us because of its high thrust, low cost and easy deployment. Our relationship with Forum played an important role in our purchase as well. Over the years we have always received wonderful support throughout the transaction and beyond," says Joe Cummings, President of Cummings Consulting, Inc.

About Forum Subsea Technologies

Forum Subsea Technologies is a product line of Forum Energy Technologies, Inc. Their ROV product line ranges from electric observation class ROVs to large hydraulic work-class vehicles used for inspection, survey and deep-water construction, as well as other remote intervention technologies and services. Forum Subsea Technologies is positioned to support its customers through a global sales team and a worldwide network of distributors and service centres.

About Forum Energy Technologies

Forum Energy Technologies Inc., headquartered in Houston, Texas, is a global provider of manufactured technologies and applied products to the energy industry. With approximately 3,200 employees located throughout the world, Forum is well positioned to provide the products and technologies essential to solving the increasingly complex challenges of the subsea, drilling and production sectors of the oil and gas industry. For more information, please visit www.f-e-t.com

CONTACT: Donna Smith, Director - Marketing & Communications 281.949.2514 donna.smith@f-e-t.comSource:Forum Energy Technologies