News Summary
Forum Energy Technologies, Inc. has announced its launch of a secondary listing on NYSE Texas, enhancing its presence in the financial community while reaffirming its Texas roots. The company, a leader in energy solutions, aims to broaden its investor base while maintaining its primary listing on the NYSE. This move highlights FET’s commitment to the Texas economy and its focus on environmental and social responsibility. As a Founding Member of NYSE Texas, FET is well-positioned to influence the future of energy listings in the region.
Texas Business News
Forum Energy Technologies, Inc. (NYSE: FET) has announced that it will be adding a secondary listing of its common stock on NYSE Texas, the fully electronic equities exchange located in Dallas, Texas. This new listing comes as the company continues to focus on its commitment to the Texas market, despite its global operations.
While NYSE remains the primary exchange for Forum Energy Technologies, the company is poised to strengthen its presence in Texas with this new development. The firm’s headquarters is in Houston, Texas, and nearly half of its workforce is based within the state, emphasizing its importance to the company’s identity and operations.
As part of this announcement, Forum Energy Technologies has proudly joined NYSE Texas as a Founding Member. This marks a significant milestone for the company and indicates its commitment to the state, further enhancing its connection to the local community and economy.
In the energy industry, Forum Energy Technologies is recognized as a leader, serving a wide array of sectors including oil, natural gas, industrial, and renewable energy. The company offers a range of value-added solutions designed to enhance safety and efficiency during energy exploration and production. This strategic decision to list on NYSE Texas highlights its growth and adaptability in a competitive market.
Chris Taylor, Chief Development Officer of NYSE Group, noted the importance of Forum Energy Technologies to the Texas economy, emphasizing the company’s role in fostering growth and prosperity within the region. Such recognition reflects the company’s substantial contributions to the energy landscape and its commitment to operational excellence.
Not only does Forum Energy Technologies operate with a focus on technological advancement, but it also showcases a commitment to environmental and social responsibility. With its global reach and strategic manufacturing, distribution, and service facilities worldwide, the company maintains a dedication to sustainable practices and community engagement. This dual focus on innovation and responsibility positions Forum Energy Technologies as a forerunner in the energy sector, aligning with the increasing demand for sustainable solutions in energy generation and production.
As the company expands its operations and diversifies its offerings, the new listing on NYSE Texas represents a critical step forward in aligning its business strategy with its foundational roots in Texas. This move is expected to facilitate better access to capital and provide investors with more opportunities to engage with this prominent player in the energy field.
Investors and stakeholders seeking further information about Forum Energy Technologies can visit the company’s website at www.f-e-t.com. For inquiries related to investor relations, Rob Kukla, the Director of Investor Relations, is available at 281.994.3763 or via email at [email protected].
The secondary listing is anticipated to positively impact Forum Energy Technologies’ visibility and operational efficiency as it continues to lead in innovation while maintaining strong ties to its Texas roots.
Deeper Dive: News & Info About This Topic
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