Riverstone Pressure Systems (RPS) will join Advanced Pressure Systems (APS) as an integral part of the SHAPE Waterblast Group

KENT, Wash., January 28, 2021 – Shape Technologies Group, Inc. (SHAPE), the world-leading supplier of waterjet technology and ultrahigh-pressure (UHP) manufacturing process solutions has completed the acquisition of Riverstone Waterjets. Riverstone Waterjets will undergo a name and brand update to Riverstone Pressure Systems (RPS), joining Advanced Pressure Systems (APS) as an integral member of SHAPE’s Waterblast Group.

RPS, headquartered in Leduc, Alberta, is a leading supplier of high-pressure products, a hose assembly center, and a service and rental center for tooling, pumps, and automation in Canada. The acquisition of RPS, and its incorporation of the existing APS Canada business in Eastern Canada, significantly broadens SHAPE’s ability to provide elevated service across Canada through additional local technicians and on-hand inventory, allowing for optimized delivery and support to the waterblast industry as well as the wider oil and gas and industrial marketplace.

“SHAPE is dedicated to delivering the absolute best customer experience. The acquisition of Riverstone Waterjets and re-branding efforts tied to APS are an act of continued commitment to that promise,” says Brendan Shackelford, President of APS. “The added capacity, support, and expertise will allow us to continue to rapidly deliver parts from coast to coast in Canada, ultimately improving uptime for our customers, while offering competitive products and pricing.”

The acquisition means all APS products sold in Canada will be transacted in Canadian dollars, and cross-border shipments from APS to the SHAPE Canadian customer base will be alleviated. “With this addition, we are able to better support our Canadian customers across SHAPE while expanding our comprehensive waterblast product offerings,” says Tim Fabian, vice-president of marketing for SHAPE. “We are excited to add RPS to the SHAPE family of innovative brands.”

“We are looking forward to the opportunity to leverage the core strength of the APS product brand combined with Riverstone’s expertise in delivering hose assembly; pump and automation rentals; and safety training to the Canadian market. Together, we plan to set a new standard for the delivery of high-

pressure products across Canada,” says Mike Hubbard, founder of Riverstone Waterjets and general manager of RPS.

RPS will continue to serve industrial cleaning and oil and gas industries in Canada with industry-leading ultrahigh-pressure waterblast technology, equipment, and services.

About Shape Technologies Group, Inc.

Shape Technologies Group, Inc. (SHAPE) is the world’s leading developer and provider of ultrahigh-pressure process solutions for advanced manufacturing and materials processing applications. SHAPE companies deliver innovative manufacturing process solutions to customers spanning 100 countries and a broad array of industries. SHAPE subsidiaries include KMT Waterjet, Dynamic Robotic Solutions, H2O Jet, Flow International Corporation, Aqua-Dyne, Tech-Con Automation, Advanced Pressure Systems (APS), ProJet, TOPS, and Aquarese Industries. For more information, visit www.shapetechnologies.com

About Advanced Pressure Systems

Advanced Pressure Systems, (APS), is a leading waterblasting provider offering the widest range of pressures, pumps, and parts via their APS, Aqua-Dyne, and Flow brands – all designed and backed by industrial solution engineers. APS pairs unmatched industry expertise with a genuine commitment to delivering first-rate, personalized service and support across the US and Canada. For more information, visit www.advancedpressuresystems.com

About Riverstone Pressure Systems

RPS provides the Canadian market with high-pressure industrial cleaning product solutions. With rapid expansion into the oil and gas markets of Alberta and northern British Columbia, RPS offers innovative solutions and local support across Canada.