About Enerflex

enerflex ltd. is a one-stop supplier of natural gas compression, oil and gas processing, refrigeration systems and power generation equipment ?? as well as related engineering and mechanical service expertise. The company is wide internally provide the capability to engineer, design, manufacture, construct, commission, operate and maintain oil handling systems. Enerflex’s expertise encompasses field production facilities, natural gas compression and processing plants, gas lift compression, refrigeration systems and power equipment serving the the production of natural gas.

Based in Calgary, Canada, Enerflex has approximately 2,000 employees worldwide. Enerflex, its subsidiaries, investments in associates and joint ventures operate in Canada, United States, Argentina, Bolivia, Brazil, Colombia, Mexico, United Kingdom, United Arab Emirates, Oman, Bahrain, Kuwait, Australia, New Zealand and Indonesia, Malaysia and Thailand. Enerflex shares trade on the Toronto Stock Exchange under the symbol ??EFX??. For more information about Enerflex, visit www.enerflex.com.

About Exterra

Exterran Corporation (NYSE: EXTN) is a global systems and process company providing solutions in the oil, gas, water and power markets. Exterran is a leader in natural gas processing, processing and compression products and services, providing critical midstream infrastructure solutions to customers around the world. Exterran Corporation is headquartered in Houston, Texas and operates in approximately 25 countries.

Notice Regarding Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable Canadian securities laws and within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements relate to management’s respective expectations regarding future events. , results of operations and future performance (both operational and financial) and business prospects of Enerflex Ltd., Exterran Corp. or the combined entity. All statements other than statements of historical fact are forward-looking statements. The use of any of the words ??anticipate??, ??future??, ??plan??, ??contemplate??, ??continue??, ??estimate??, ??wait?? , ?? ? intend ? ?, ? to propose ? , ? ??, ??would??, ??believe??, ??predict??, ??expect??, ??pursue??, ??potential??, ??goal?? and ??able?? and similar expressions are intended to identify forward-looking information. In particular, this press release includes (without limitation) forward-looking information regarding: the expectation that the transaction will enhance Enerflex’s ability to serve customers and enhance shareholder value; the anticipated financial performance of the combined entity, including its expected gross margin and the acceleration of its generation of recurring gross margins; operating rate synergies and efficiencies expected to be realized as a result of the transaction, as well as the associated quantum and timing; the listing of Enerflex Shares on the NYSE or NASDAQ, as applicable, to be effective upon closing of the transaction; the listing of the common shares of Enerflex issued in connection with the transaction on the TSX; expected shareholder value; expected increases in adjusted EBITDA, cash flow per share and earnings per share for Enerflex shareholders; excess free cash flow from 2023; pro forma geographic exposure and expected revenues associated therewith; future capital expenditures, including their amount and nature; product reservations and order book; oil and gas prices and the impact of those prices on demand for the combined entity’s products and services; development trends in the oil and gas industry; seasonal variations in activity levels in certain oil and gas markets; expectations regarding excess free cash flow following the closing of the Transaction; business prospects


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