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January 2016 Mark Tool and Elite Elastomers entered into a joint venture focused on the research, development, and end-use application for complete elastomeric subsea high-temperature thermal insulation systems which can be installed via three methods to include S-Lay, J-Lay, and Reel-Lay. The name MTE represents the combined strengths of both Mark Tool and Elite Elastomers.
The venture, which brings together the expertise of both companies, will build on Elite Elastomers elastomeric material research and development innovations and Mark Tool’s application and manufacturing technology. This venture will evolve the two companies within the realm of the high temperature subsea thermal insulation systems. The partnership will offer complete turn-key solutions; the ThermoTron line has initially been developed for a major oil and gas company operating in the Gulf of Mexico, with projected application expansion into the North Sea and West Africa. The joint venture employees come from current Mark Tool and Elite Elastomers the teams are located in facilities in Louisiana and Mississippi.