OTI Greentech AG increases market presence in the maritime sector with further agreements

- Distribution agreements with Uniservice and OSEC signed
- New distribution partners in the maritime sector cover important core markets in Europe, Asia and North America
- Orders received in 2Q 2012 exceed EUR 2 million

Zug, 24 May 2012, OTI Greentech AG has entered into additional important agreements for their EcoSOLUT products in the maritime sector for a total turnover of EUR 1.6 million. Only three months after the approval of its innovative products by the IMO (International Maritime Organisation), an agency of the United Nations, OTI Greentech was able to achieve a significant milestone. Through its UK subsidiary, the group has signed a distribution agreement for the innovative tank cleaning products with Uniservice Germany Marine Products GmbH. Uniservice Germany is a licensee of Uniservice S.A. in Geneva, the fourth largest supplier to the shipping industry with branches in over 785 ports worldwide. Also affiliated with Uniservice Germany are Oslo Ship Service S.A. and Hansa Safety BV in Rotterdam. In addition, a distribution agreement was signed with OSEC (Oil Spill Environmental Cleaning) Inc., a specialist in tank cleaning and oil disposal, with offices in Greece and the south-eastern Mediterranean region.

Over the past three months EcoSOLUT products have been used successfully by various shipping companies such as Maersk and Waterfront and repeat orders have been placed. Demand for the products has increased significantly, requiring the company to expand its international distribution network as a matter of priority. Together with the first orders from Canada for the treatment of oil sands and drilling muds, total purchase orders received in Q2 amount to EUR 2.2 million.

“With Uniservice Germany and OSEC we have managed to secure two well known and experienced partners in important markets for the distribution of our products”, Stephan Rind, chairman of the board of OTI Greentech AG commented on the execution of the two new agreements. “Demand for our EcoSOLUT products, in particular in the tank cleaning sector, has exceeded our expectations. With our new partners we are, however, well prepared to satisfy this demand.” Christopher Cappelen, managing shareholder of Uniservice Germany, said: “I am very pleased to include the EcoSOLUT products in our product offering for our demanding clients in the shipping sector. The products set new standards in cost efficiency, safety and environmental friendliness in the tank cleaning sector.”

About OTI Greentech AG:

OTI is an internationally leading cleantech engineering group based in Switzerland. The company provides environmentally friendly solutions and a patented technology for cleaning, recovery and disposal of oil in a wide variety of applications. This includes the cleaning of tanks, ships and industrial machinery, oil recovery from sludge, soil remediation and the processing and extraction of oil from conventional and unconventional deposits.

About Uniservice Germany Marine Products GmbH:

Uniservice Germany Marine Products GmbH is headquartered in Hamburg, Germany. It is privately owned by Mr. C. Cappelen and is a licensee of Uniservice S.A., who own and control the Uniservice trademark worldwide. While Uniservice S.A. in Geneva has Licensees covering 785 ports worldwide, Uniservice Germany has exclusive rights to the Uniservice trademark in Germany. Moreover, Mr. Cappelen is a Licensee to the Uniservice trademark in 9 other countries (Norway, Baltic States and CIS) through his privately owned Oslo Ship Service AS in Norway and Hansa Safety Services BV in Rotterdam, Netherlands.

Contact:

OTI GREENTECH AG
Myriam Ruttmann
Seestrasse 5
CH - 6300 Zug
Tel: +41 41 727 21 05
Email: m.ruttmann@oti.ag

edicto Finanzkommunikation GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Email: amuehlhaus@edicto.de

This release was published on openPR.