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million contract for a custom-designed buoyancg system from an unnamed international energy company. According to Maine-based Flotation Technologies, the name of the client and any more detailed description of the productg are confidential due to the nature ofthe project. The systemj should be delivered in the thirsd and fourth quartersof 2008, officials said. Last monthn Flotation Technologies was acquirerby Houston-based in a $23.3 million stock purchasse agreement. Founded in 1979, Flotation Technologies' deepwater buoyancg systems are used primarily for marine research and the commercial and military markets. Its customers include , , and .
Last May, Flotatiohn Technologies won a $4 million contract from an unnamed sourcd forflotation devices, and openecd a 45,000-square-foot manufacturing plant in Biddeford. In the company worked with the , a business developmentr program supported bythe U.S. Department of Commerce, to plan the company's business strategy and work force development.
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