Singapore, March 20, 2026 (GLOBE NEWSWIRE) — OMS Vitality Applied sciences Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented producer of floor wellhead methods (“SWS”) and oil nation tubular items (“OCTG”) for the oil and gasoline trade, at this time introduced that its wholly-owned subsidiary, OMS Oilfield Providers Arabia Ltd. (“OMS Saudi”), has acquired a US$11 million call-off order for specialty connectors and pipes underneath the Firm’s present long-term provide settlement with Saudi Aramco, the world’s largest oil producer. The merchandise are anticipated to be delivered throughout calendar 12 months 2026.
The Firm’s provide settlement with Saudi Aramco, signed in early 2024, operates on a call-off foundation, underneath which Saudi Aramco locations orders for specialty connectors and pipes as wanted, based mostly on its operational necessities. This newest call-off demonstrates the continued conversion of the long-term framework into lively income and displays sustained demand for OMS’s premium SCP merchandise.
Mr. How Meng Hock, Chairman and Chief Government Officer of OMS, commented, “This US$11 million call-off order highlights the enduring value of our long-term partnership with Saudi Aramco, providing significant demand visibility for our specialty connector business. Supported by a stable revenue pipeline, debt-free balance sheet and strong cash position, we are well-equipped to invest in the capacity and capabilities needed to serve Aramco’s growing needs and strengthen our position in Saudi Arabia, while expanding our broader international footprint to drive long-term shareholder value.”
OMS Saudi, the Firm’s largest subsidiary, has a 15-year monitor document of technical excellence and manufacturing experience within the Kingdom of Saudi Arabia. OMS Saudi holds a complete suite of trade certifications, together with API Specs Q1, 5CT, 5L, 7-1, and the lately obtained API Specification 6A certification introduced in January 2026, which allows the subsidiary to supply restore and upkeep providers for wellhead and Christmas tree tools. This increasing portfolio of certifications and capabilities positions OMS Saudi as a totally built-in provider in one of many world’s most technically demanding upstream markets, aligned with Saudi Arabia’s “Made in KSA” initiative.
About OMS Vitality Applied sciences Inc.
OMS Vitality Applied sciences Inc. (NASDAQ: OMSE) is a growth-oriented producer of floor wellhead methods (SWS) and oil nation tubular items (OCTG) for the oil and gasoline trade. Serving each onshore and offshore exploration and manufacturing operators, OMS is a trusted engineered options provider throughout six very important jurisdictions within the Asia Pacific, Center Japanese and North African (MENA) areas. The Firm’s 11 strategically positioned manufacturing services in key markets guarantee speedy response instances, personalized technical options and seamless adaptation to evolving manufacturing and logistics wants. Past its core SWS and OCTG choices, OMS additionally supplies premium threading providers to maximise operational effectivity for its prospects.
For extra data, please go to ir.omsos.com.
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This press launch accommodates statements which will represent “forward-looking” statements that are made pursuant to the “safe harbor” provisions of the U.S. Personal Securities Litigation Reform Act of 1995. These forward-looking statements may be recognized by terminology reminiscent of “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and related statements. Statements that aren’t historic details, together with statements in regards to the Firm’s beliefs, plans, and expectations, are forward-looking statements. Ahead-looking statements contain inherent dangers and uncertainties. Additional data relating to these and different dangers is included within the Firm’s filings with the SEC. All data supplied on this press launch is as of the date of this press launch, and the Firm doesn’t undertake any obligation to replace any forward-looking assertion, besides as required underneath relevant legislation.
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