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Teramoto Iron Works and Eco Marine Power form Strategic Alliance

05-15-2014 06:19 PM CET | Energy & Environment

Press release from: Eco Marine Power

Mr. Teramoto, President, Teramoto Iron Works.

Mr. Teramoto, President, Teramoto Iron Works.

Pathway for commercial production of EnergySail and Aquarius MRE System established.

Fukuoka, Japan - 12th May 2014 - Eco Marine Power (EMP) announced today that it has taken another major step forward towards bringing its EnergySail and Aquarius MRE System technologies to the market by forming a strategic alliance with Teramoto Iron Works Co. Ltd - a manufacturer of marine equipment located in Hiroshima Prefecture, Japan.

The strategic alliance with Teramoto Iron Works will provide EMP access to a production base and testing centre in Onomichi City, Hiroshima Prefecture - one of Japan's most important shipbuilding areas. In addition, EMP will also benefit from being able to tap into the skills and experience of Teramoto Iron Works - a company that has been associated with the shipbuilding sector since 1934 and was involved in the production of innovative rigid sails in the mid 1980's.

This alliance between Teramoto Iron Works and EMP will initially lead to the production of the first pre-commercial EnergySail this year. After production, this device will be installed on a ship along with the EnergySail Automated Control System (ACS) and evaluated during sea trials.

The EnergySail ACS was recently displayed in Tokyo at Sea Japan 2014 and is being developed in co-operation with KEI System Ltd.

Commenting on the alliance, Mr. Yoshitaka Teramoto, President of Teramoto Iron Works said “We look forward to working together with EMP in bringing the EnergySail and Aquarius MRE System to the shipping market. Both these technologies will also give Teramoto Iron Works the opportunity to demonstrate once again our skills and ability to deliver high quality products.”

Greg Atkinson, Director and CTO at EMP said: “This is a major step forward for EMP as our alliance with Teramoto Iron Works moves us from testing in the lab to a position where we can deliver, along with our strategic partners, our EnergySail technology. We are also extremely pleased to be working with a pioneering company that was involved in the early days of rigid sail production and that has a well established reputation for delivering high quality products”.

Teramoto Iron Works and EMP will also co-operate on various research & design (R&D) projects and work together to develop further variations of the EnergySail.

Aquarius MRE System & EnergySail are trademarks of Eco Marine Power Co. Ltd.

About Teramoto Iron Works

Teramoto Iron Works Co. Ltd. has been committed to the manufacture of crane components and lifting gear since its establishment in 1934 in Onomichi, one of the last remnants of old Setouchi. Based on the accumulation of technology and expertise, Teramoto Iron Works is able to maintain a justified pride in its ability to respond to the full range of customer requirements.

Teramoto Iron Works is able to deliver JIS-type pulley production and products such as marine cargo handling fitting blocks and hoisting attachments, derrick rigs, derrick crane posts, and working barge equipment.

To read more about Teramoto Iron Works please visit: http://www.teramoto-iron.jp/english

About Eco Marine Power

Eco Marine Power Co. Ltd. (EMP) is an internationally focused technology company that develops fuel saving and emission reduction systems for ships including passenger ferries, survey ships, oil tankers and cargo vessels. These technologies include the EnergySail, Aquarius MRE System and Aquarius Management & Automation System (MAS).

EMP also develops sustainable ship concepts that incorporate the latest renewable energy technologies and is currently working on a number of design projects including Aquarius Eco Ship and Medaka eco-commuter ferry. The company is based in Fukuoka, Japan.

To read more about Eco Marine Power please visit: www.ecomarinepower.com

Greg Atkinson

Director & Chief Technology Officer

Eco Marine Power

Aqua Hakata 5th Floor, 5-3-8, Nakasu,
Hakata-ku, Fukuoka, 810-0801. Japan.

Phone:+81 92 287 9677 Fax: +81 92 287 9501

E-mail: greg.atkinson@ecomarinepower.com

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