Press release
OTI Greentech AG group company VTT Maritime AS signs a new EUR 1.1 million contract
• Contract for a complex marine operation with a classified customer• The operation will take place during April 2016
Berlin, 25.02.2016 - OTI Greentech AG (WKN A0HNE8), listed on the Düsseldorf stock exchange and an internationally active environmental technology company, is delighted to inform that its subsidiary VTT Maritime AS has signed a contract for a complex marine operation with a classified customer. The contract value is EUR 1.1 million.
Well recognized for its deep expert knowledge base and skills, VTT Maritime AS has over the years conducted many advanced marine operations, for example the “Rogfast” deep-water horizontal seabed rock-drilling project. This project, the world’s first of its kind, was in preparation for the new challenging E39 - ferry free highway being constructed along the West Coast of Norway.
The new contract with a classified customer confirms the company’s reputation in solving advanced marine operations. The at-sea-operations of this project will be conducted during a short period in late April 2016. The planning and engineering phase has started and the required subcontractors have been engaged.
“Winning this contract is a clear confirmation of VTT’s strategy to focus on complex marine operations, where VTT has a leading edge It is further a clear acknowledgement of the customer´s trust in VTT’s preparatory work, careful selection of sub-contractors and execution to make this operation a success.“ says OTI Greentech AG’s CEO Johnny Christiansen.
VTT Maritime AS is 100% owned by OTI Greentech AG.
About VTT Maritime AS
VTT Maritime AS - among others - supports complex marine operations like safe moving of major constructions and objects at sea as well as advanced mooring projects in harsh maritime environments. The company, based on its vast experience from the North Sea now further develops its global footprint and is currently involved in several new international market areas.
About OTI Greentech AG
OTI Greentech offers engineering services and environmentally friendly solutions for its global customers. OTI Greentech operates in three market segments: Maritime, Energy and Industrial. The Maritime segment offers products, consulting and engineering services for global shipping companies and offshore operations. The Energy segment provides innovative OTI Greentech products and solutions (among others for EOR - Enhanced Oil Recovery). The Industrial segment includes environmentally-friendly products and services in the fields of cleaning and Waste Management (including drilling muds and tailing ponds), as well as sophisticated engineering services for infrastructure projects. OTI Greentech operates through its operating units VTT Maritime AS, RADA Engineering&Consultancy AS, OTI Chemicals and Uniservice Global. OTI Greentech developed a new generation of environmentally friendly chemicals for the above applications such as, for example, the patented ECOSOLUT family. OTI Greentech AG shares are listed on the Düsseldorf stock exchange.
Contact
edicto GmbH
Axel Mühlhaus, Dr. Sönke Knop
amuehlhaus@edicto.de
Tel. +49 69 905505-52
Eschersheimer Landstr. 42-44
60322 Frankfurt
OTI Greentech AG
Johnny Christiansen, CEO
info@oti.ag
Tel. +49 30 220 136 900
Potsdamer Platz 1, 7.OG
10785 Berlin
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