Quickthree Solutions Inc. ("Quickthree") and WILCO Machine and Fab Inc. ("WILCO") are pleased to announce a manufacturing license agreement for the Quickstand Proppant Delivery System ("the System"), consisting of the Quickstand Trailer and the Quickstand Proppant Silo. The license agreement grants WILCO the right to manufacture and sell the System, without restriction, throughout the United States of America and on a restricted basis into Canada. The System is engineered to significantly ease and enhance the delivery of proppant storage to and the evacuation of proppant at oil and gas drilling operations.
Based in Marlow, Oklahoma WILCO has been manufacturing equipment for the oil and gas service industry for 40 years. With 350+ employees and 225,000 square feet of manufacturing space WILCO is widely recognized as a reliable supplier to the world's largest oil and gas service companies. Brad Boles, President of WILCO said about the new license agreement "We are excited about the opportunity to offer our customers this new product line. We look forward to a great long-term successful partnership between Wilco and Quickthree!".
Based in Saskatoon, Saskatchewan Quickthree is an innovator in the design and manufacture of industrial equipment. Quickthree products integrate environmental awareness and efficient design, always engineered with the operator in mind; they are the enlightened choice for the markets they serve. Alvin Herman, President of Quickthree was quoted as saying "WILCO is the right manufacturer to bring our industrial innovations to the large US oil and gas service market, we took our time looking for a reliable partner, who had built their reputation delivering quality products at a fair price and who had the experience and capacity to serve the US oil and gas service industry, we are very comfortable we have that partner in WILCO".
Quickthree is a subsidiary of Westbridge Capital. Westbridge Capital is a private equity management company. Westbridge Capital focuses exclusively on real estate and private equity investments that by their nature have little correlation to publicly listed securities and may be used to diversify a portfolio and reduce overall portfolio risk and volatility.