Koil Energy Solutions, Inc. (OTC: KLNG)

Koil Energy Solutions, Inc. is an energy services company that provides equipment and support services to the global energy and offshore industries. The company designs, manufactures, and installs subsea distribution equipment used during exploration, development, and production operations on offshore drilling rigs, installation and intervention vessels, and as part of permanently installed subsea production infrastructure. Its core services include engineering design, project management, installation assistance, spooling, testing and commissioning, storage management, and refurbishment of subsea assets. Koil Energy Solutions, Inc. also offers innovative solutions such as loose tube steel flying leads and umbilical termination assemblies that address customer challenges between production facilities and energy sources.

Koil Energy Solutions, Inc. generates revenue through the sale of its products and the performance of its services for energy companies and offshore contractors. Its product line features flying leads, umbilical hardware such as termination assemblies and mud mats, riser isolation valves, subsea isolation valves, and a variety of installation aids including tensioners, buoyancy modules, clump weights, and carousels of different capacities. Service offerings consist of engineering design, project management, installation supervision, spooling operations, testing and commissioning, storage warehousing, and refurbishment or repurposing of recovered subsea equipment. The company’s solutions are employed in offshore oil and gas fields as well as emerging sectors like offshore wind, wave energy, hydrogen, and liquefied natural gas projects.

The company operates through the following segments.

• One reportable operating segment: The segment covers the full spectrum of the company’s operations, including the design and manufacture of flying leads and umbilical hardware, the provision of engineering and project management services, the execution of spooling and installation activities, the performance of testing and commissioning, the management of storage facilities, and the refurbishment of subsea assets for offshore energy projects.

Koil Energy Solutions, Inc. competes in the offshore oil and gas equipment market against larger multinational corporations that have greater capital resources and longer operating histories. The company distinguishes itself through technical expertise, reliable and cost effective solutions, timely delivery, and operational efficiency, which have contributed to brand name recognition among major integrated, large independent, and foreign national energy companies. Its ISO 9001 certified manufacturing facilities and in house quality assurance processes support consistent product performance and reliability. Although the firm does not rely on a single patent or trademark, the collective expertise of its employees drives its competitive advantage.

Koil Energy Solutions, Inc. serves major integrated, large independent, and foreign national energy companies, as well as subsea equipment manufacturers, installation contractors, offshore drilling firms, and engineering and construction companies engaged in maritime operations. The company’s customer base also includes operators that require subsea equipment for exploration, development, and production activities. Although the firm does not disclose individual customer names, its two largest customers together accounted for roughly 40% of revenue in 2025. Koil Energy Solutions, Inc. is not dependent on any single customer, but the loss of one or more significant accounts could affect short term operating results.