Master Rig International L.L.L.P. acquired all the intellectual property, drawings, designs, plans, process, data, technical information and know-how of Integrated Electrical Control Systems from Integrated Drilling Equipment Holdings Corp..

Integrated Drilling Equipment Holdings Corp. is a manufacturer of drilling rigs, rig control systems, rig components and provider of rig refurbishment and reconfiguration services to contract drilling companies across the world. The majority of the Company's business is conducted through two operating segments. The Electrical Products and Services segment of the Company designs, manufactures, installs and services rig electrical and control systems, including SCR (silicon controlled rectifier) units and VFD (variable frequency drive) units, as well as electrical cabling, lighting systems, closed circuit video systems, gas and fire detection systems, and communication systems. The Drilling Products and Services segment is a provider of drilling rigs and their components. The Company designs, manufactures and services complete land-based drilling rigs, as well as rig subsystems and parts. It also provides drilling rig services.