Integrated Drilling Equipment Holdings Corp.
IRIG
Other OTC0.05
USD
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Integrated Drilling Equipment Holdings Corp.
IRIG
(Other OTC)
Recent
price
0.05
P/E
ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Integrated Drilling Equipment Holdings Corporation specializes in providing comprehensive solutions for the global contract drilling sector, encompassing the manufacturing of drilling rigs, sophisticated control systems, and essential rig components, alongside offering refurbishment and modification services for existing equipment. The company's operations are divided into two primary divisions: Electrical Products and Services, and Drilling Products and Services. The Electrical Products and Services division is responsible for the design, production, installation, and maintenance of advanced electrical and control systems for rigs. This includes essential elements such as silicon controlled rectifier (SCR) units, variable frequency drive (VFD) units, all necessary electrical cabling, comprehensive lighting systems, closed-circuit video monitoring, gas and fire detection systems, and integrated communication networks. Additionally, this segment delivers rig power systems, both AC and DC drive systems with motor control centers (MCCs), electrical rig-up services, engine generators, automation, various controls and sensors, hydraulic power units, and other rig-specific hydraulic solutions, alongside full system integration, hydraulic system design, testing, and operational support. The Drilling Products and Services division focuses on the delivery of complete drilling rigs and their associated components. This segment designs, constructs, and provides ongoing services for land-based drilling rigs, their subsystems, and a wide array of replacement parts. Services offered include mechanical maintenance, assembly and rigorous testing, comprehensive rig refurbishment and inspection, the fabrication of new rig packages, and the final completion of land rig setups. Furthermore, this division undertakes the fabrication of key structural components such as mud tanks, masts, substructures, doghouses, and various other products integral to drilling rig operations. Integrated Drilling Equipment Holdings Corporation maintains its corporate base in Spring, Texas, with its primary manufacturing facilities located in Houston, Texas.
Integrated Drilling Equipment (OTCMKTS:IRIG) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?
Integrated Drilling Equipment (OTCMKTS:IRIG) Stock Crosses Above 50 Day Moving Average – Here’s What Happened