Gates Introduces State-of-the-Art Flexible Hoses for Land and Offshore Well-Control Applications

DENVER, Feb. 26, 2019 /PRNewswire/ -- Gates (NYSE: GTES), a leading global provider of application-specific fluid power and power transmission solutions, introduces a new addition to its portfolio of oil and gas well-control products, the 3" ID x 10,000 PSI Black Gold^®10k Choke and Kill Hose. Designed and tested to meet the rigorous American Petroleum Institute (API) 16C design criteria for gas exposure, high temperature and sustained exposure to fire, this new, premium application well-control hose can be used for upstream choke and kill applications. This new product is now available to Gates Black Gold distributors and oil and gas upstream drilling rig owners and operators.

"This product enables Gates to provide a state-of-the-art solution for land and offshore well-control applications," said Grant Gawronski, executive vice president and chief commercial officer of Gates. "The unique and patent-pending design of this product enables us to assemble it close to customers, dramatically shortening lead times while enabling real-time customization for customer-specific needs. It provides global availability of a critical oil and gas product from a reliable manufacturer of high-quality, high-pressure hoses."

Gates leveraged the technology and expertise that came with its acquisition of Techflow, along with the company's materials science and process engineering capabilities to develop this product. Requiring shorter lead times to manufacture and deliver, measured in days instead of weeks, the Black Gold 10k Choke and Kill Hose not only has shorter lead times, but is also readily configured to meet customer-specific application requirements, such as size and end connection type.

The hose will be commercially available in early March. Visit Gates at the Offshore Technology Conference in Houston, TX, May 6-9, 2019 to see the full portfolio of premium oil and gas products, including this new Black Gold 10k Choke and Kill Hose, on display in booth #3975.

About Gates
Gates is a global manufacturer of innovative, highly engineered power transmission and fluid power solutions. Gates offers a broad portfolio of products to diverse replacement channel customers and to original equipment ("first-fit") manufacturers as specified components. Gates participates in many sectors of the industrial and consumer markets. Gates products play essential roles in a diverse range of applications across a wide variety of end markets ranging from harsh and hazardous industries such as agriculture, construction, manufacturing and energy, to everyday consumer applications such as printers, power washers, automatic doors and vacuum cleaners, and virtually every form of transportation. Gates products are sold in 128 countries across four commercial regions: the Americas; Europe, Middle East and Africa; Greater China; and East Asia and India. More about Gates can be found at www.gates.com.

Forward-Looking Statements
This press release contains forward-looking statements. All forward-looking statements involve risks and uncertainties which could affect our actual results and could cause its actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Important factors could affect our results and could cause results to differ materially from those expressed in our forward-looking statements, including but not limited to the factors discussed in the section entitled "Risk Factors" in Gates' Annual Report on Form 10-K for the fiscal year ended December 30, 2017, as filed with the Securities and Exchange Commission.

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SOURCE Gates