NEWS

TP Holdings announces the merger of Radoil, Inc. ("Radoil"), a Houston, Texas-based manufacturer of offshore drilling and production equipment, including umbilical reels, hot stabs, deepwater pipe laying towers and other highly engineered deepwater solutions.  Some notable Radoil projects are J-Lay Pipeline Laying Towers, Drilling Riser Centralizers, and Arctic Drilling Platforms.  Radoil is an engineering-driven business recognized for its strong technological capabilities and high quality solutions for challenges of operating in deepwater environments.  Radoil is an ISO 9001:2008 facility offering a combination of full manufacturing and project engineering.

Radoil, Inc. of Houston, Texas will be a sister corporation to Tulsa Power, Inc. of Tulsa, Oklahoma and Reel-O-Matic, Inc. of Oklahoma City, Oklahoma.  The company will maintain manufacturing facilities in Houston, Tx.  All key personnel will remain the same at each location, with Benton Baugh as President of Radoil, Terry Simmons as President of Reel-O-Matic and Mike Spence as CEO & President of TP Holdings.

“The combined companies provide a broad range of energy (oil and gas) and non-energy (wire, cable hose, and pipe) products which will provide a natural synergy to broaden the base and strengthen the position of each of the companies”, said Mike Spence, CEO of TP Holdings "We are excited by the new opportunities this creates for our customers ".  Benton Baugh, President of Radoil, Inc., added “With over 100 years of combined experience and personnel on staff holding more than 100 US patents, the group is anticipated to provide a new generation of high quality and innovative products to service our customer base.”

The acquisition comes on the heels of the TP Holdings merger of Tulsa Power, Inc. and Reel-O-Matic, Inc.  For the energy industry, Tulsa Power, Inc. currently offers umbilical reels, drill line spoolers, wireline/slickline units, deep well reels, fluid transfer reels and specialty spooling solutions for land and offshore drilling contractors, shipbuilders, and oilfield service contractors.

For non-energy industries, the companies manufacturer crane re-reevers, shafted and shaftless take-up and payout machinery, high speed spoolers, coiling equipment, caterpullers and specialize in the design and development of customized equipment for manufacturers and distributors of wire and cable, wire rope, pipe, hose and tubing, for the telecommunications, utilities,  mining, and defense related industries.

Radoil, Inc.
www.radoil.com
(713) 937-4494
Tulsa Power, Inc.
www.tulsapower.com                 
(918) 584-1000
tulsa
Reel-O-Matic, Inc.
www.reelomatic.com
(405) 672-0000
TRADE SHOWS

Tulsa Power, Inc. will be exhibiting at the following upcoming trade shows:

2010

Wire
Düsseldorf, Germany
April 12-16, 2010

Offshore Technology Conference
Reliant Center - Houston, TX USA
May 3 - 6, 2010