Flotek Industries manufactures and markets the Petrovalve line of downhole-pump components and the Spidle Turbeco line of downhole-drilling tools and casing accessories. The company's other business is the specialty chemicals segment, which develops, manufactures, packages and sells chemicals used by other oilfield service companies in oil and gas well cementing, stimulation, acidizing, drilling and production. Its MTI facility provides design, product management and contracts to do technical management logistics, material handling and loading for other oilfield service companies. Flotek Industries and its subsidiaries were originally incorporated under the laws of the Province of Alberta in May 1985. In October 2001, the shareholders of the company approved a change in its corporate domicile to Delaware and a reverse stock split of 120 to 1. It also completed a reverse merger with Chemical & Equipment Specialties, also known as CESI. Flotek Industries is headquartered in Houston, and its common shares are traded on the American Stock Exchange market under the stock ticker symbol FTK.