Reeflex Solutions Inc. Awarded $3.4 Million Contract to Supply Fully Customized Mast-Style Coiled Tubing Rig to Iron Horse Energy Services
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CALGARY, Alberta, Dec. 11, 2025 (GLOBE NEWSWIRE) — Reeflex Solutions Inc. (TSXV: RFX) (“Reeflex” or the “Company”) is pleased to announce that Ranglar Manufacturing, a division of the Company’s wholly-owned subsidiary, Coil Solutions Inc. (“CSI”), was awarded a $3.4 million contract on December 4, 2025 to design and manufacture a fully customized mast-style coiled tubing rig for Iron Horse Energy Services (“Iron Horse”).
Iron Horse – recently acquired by Trican Well Service Ltd. – is a premium provider of coiled tubing and fracturing services operating primarily in the Cardium, Charlie Lake, Mannville Stack, Viking, Montney and Shaunavon plays in the Western Canadian Sedimentary Basin. The company is recognized for industry-leading coiled tubing and integrated fracturing expertise and has built a strong reputation over more than 20 years of operations.
The new rig will be engineered to handle larger-diameter tubing, extended-reach wells, and high pull loads, while also delivering enhanced cold-weather performance and improved operator safety.
Management Commentary
“This contract award reflects the growing recognition of CSI’s engineering capabilities and our commitment to delivering high-performance coiled tubing equipment,” said John Babic, President & CEO of Reeflex. “Iron Horse is one of the most respected fracturing and coiled tubing service providers in Western Canada, and we are proud to support their continued growth.”
Engineering and fabrication of the new rig will begin immediately, with delivery targeted for Q3 2026.
About Iron Horse
Iron Horse Energy Services is a wholly-owned subsidiary of Trican Well Service Ltd. (TSX: TCW) and has been at the forefront of the oil & gas industry for over two decades, delivering high quality coiled tubing and fracturing services. Iron Horse stands as a trusted partner to energy companies across Alberta, British Columbia, and Saskatchewan.
About Reeflex
Reeflex Solutions Inc. is a proudly Canadian company that delivers advanced engineering and manufacturing solutions across various industry sectors. Through our wholly-owned subsidiary, Coil Solutions Inc., we provide coiled tubing injectors and downhole tools for the oil & gas sector. Our manufacturing division, Ranglar Manufacturing, specializes in custom-designed mobile equipment for a wide range of industrial applications.
For further information:
Reeflex Solutions Inc.
John Babic
President & CEO
(780) 909-4220
John.Babic@Reeflex.ca
www.Reeflex.ca
Cautionary Note Regarding Forward–Looking Information
This press release contains “forward-looking information” or “forward-looking statements” within the meaning of Canadian securities legislation. All statements included herein, other than statements of historical fact, including statements included in the “About Reeflex” section of this press release, are forward-looking. Generally, the forward-looking information and forward-looking statements can be identified by the use of forward-looking terminology such as “anticipate”, “believes”, “estimates”, “expects”, “intends”, “may”, “should”, “will” or variations of such words or similar expressions. More particularly, and without limitation, this press release contains forward-looking information or forward-looking statements concerning of trading of the Reeflex Shares on the TSXV and Reeflex capitalizing on opportunities for growth in its industry. Reeflex cautions that all forward-looking information and forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, assumptions and expectations, many of which are beyond the control of Reeflex, including expectations and assumptions concerning Reeflex, as well as other risks and uncertainties, including those described in Reeflex’s filings available on SEDAR+ at www.sedarplus.ca. The reader is cautioned that assumptions used in the preparation of any forward-looking information or forward-looking statements may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties and other factors, many of which are beyond the control of Reeflex. The reader is cautioned not to place undue reliance on any forward-looking information or forward-looking statements. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking information and forward-looking statements contained in this press release are expressly qualified by this cautionary statement.
The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and Reeflex does not undertake any obligation to update publicly or to revise any of the included forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law.
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