Flotation Technologies Signs Preferred Supplier Agreement With FMC Technologies

HOUSTON, TEXAS – November 10th, 2004 – Flotation Technologies, Inc., a global leader in deepwater buoyancy systems, today announced the award of Preferred Supplier status by FMC Technologies, Inc., for the manufacture and supply of syntactic foam and polyurethane elastomer products. FMC Technologies has been a valued customer of Flotation Technologies for many years and this Preferred Supplier Agreement has been signed in recognition of the superior services and quality products provided.

Under the terms of this agreement Flotation Technologies will provide both syntactic foam buoyancy and polyurethane elastomer products to FMC Technologies under the recognition of a "Best Value Supplier". This recognition, as defined by FMC Technologies, is granted to those companies who offer the best combination of price, technical expertise, delivery, and quality.

"We are pleased to know that FMC Technologies continues to have confidence in us as a supplier, and we are convinced that this Preferred Supplier Agreement will strengthen our relationship going forward," stated Fred Maguire, Sales & Marketing Manager of Flotation Technologies.

About Flotation Technologies
Flotation Technologies, Inc. is a world leader in the design, manufacture, and marketing of deepwater buoyancy systems using high-strength Flotec™ syntactic foam and polyurethane elastomer products. Providing quick-turnaround, custom engineering and fabrication to the Offshore Oil, Oceanographic, Seismic and Government markets, Flotation Technologies delivers consistently reliable buoyancy and engineered products for a host of marine applications. Innovative subsea products include flexible riser buoyancy, deepwater modular buoys, ADCP buoys, ROV/AUV buoyancy modules, pipeline/sled buoyancy, QuickLoc™ cable floats, Hardball™ umbilical floats, and elastomeric bend stiffeners, restrictors and cable protection. For more information on Flotation Technologies visit www.flotec.com.