Flexpipe Systems earns tops honors at Canadian Innovation Awards and is awarded Ernst & Young’s Emerging Entrepreneur of the Year.

October 16, 2006: Flexpipe Systems is the recipient of two prestigious business awards; the Canadian Manufacturers and Exporters’ Innovative Business of the Year Award, and Ernst & Young Emerging Entrepreneur of the Year Award.

Flexpipe Systems, a privately owned, Calgary based, Oil & Gas and Utility industry manufacturing and service company, was deemed Canada’s top innovator at the Canadian Manufacturers and Exporters Sixth Annual Canadian Innovation Awards in Calgary on October 3rd.

Perrin Beatty, President and CEO of Canadian Manufacturers and Exporters, says "Canada has some of the most innovative companies around the globe and Flexpipe is an example of how Canadian industry is striving for both excellence and making Canada a global leader in terms of innovation."

Regan Davis, President & CEO of Flexpipe Systems, was awarded the Ernst & Young Entrepreneur of the Year Award – Emerging Entrepreneur Prairie’s Region at the Telus Convention Center on October 12th. Mr. Davis was chosen from an impressive list of nominees, who have demonstrated exceptional leadership skills, determination and innovative vision in business.

Flexpipe Systems - Operational Update

Flexpipe Systems has quickly established itself as a market leader in the manufacture and sales of high pressure; corrosion-resistant, continuous pipeline systems. Applications include oil & gas gathering, water disposal and injection pipelines for the oil & gas industry as well as transmission pipelines for the gas utility industry.

Flexpipe is pleased to report on the following exciting milestones achieved through the efforts and dedication of its outstanding workforce in 2006;

• Selling our 2,000,000th meter of pipe, maintaining flawless in-service record,
• Received ISO 9001:2000 status,
• Expansion to the United States opening depots in Houston, Texas and Grand Junction, Colorado servicing Flexpipe’s growing US customer base.

For further information please contact Flexpipe Systems at:

Regan Davis
President & CEO
Phone: (403) 503-0548
Email: r.davis@flexpipesystems.com
Website: www.flexpipesystems.com