UltraStrip Selects Distributor in Texas and Louisiana for Patented Robotic System

Wednesday, October 24, 2001
UltraStrip Systems, Inc. announced that it has entered into an exclusive distribution agreement with Robotic Environmental Services, LLC (RES) of Baton Rouge, La. for the sale of UltraStrip’s patented robotic hydroblasting systems in Louisiana and Texas. This agreement represents UltraStrip’s entry into a new market and we are very excited to assist Robotic Environmental Services in its penetration of the above-ground storage tank coatings removal industry as well as the oil production facility and barge markets for coatings removal, according to Robert O. Baratta, President and Co-Chief Executive Officer of UltraStrip Systems.

The distribution agreement is for a term of five years and establishes minimum purchasing requirements necessary to maintain RES’ exclusivity in the two states. The minimum number of robotic systems required to be purchased during the term of the agreement to maintain exclusivity is expected to generate approximately $20 million dollars in sales. RES also received an option from UltraStrip to acquire the exclusive distribution rights in Venezuela. To exercise this option RES must purchase four additional robotic systems by June 30, 2002.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Mercator Lines Profit Hit by Low Bulk Freight Rate

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.

Maritime Security

Crew of USCG Cutter Thetis to Return today

The crew of the Coast Guard Cutter Thetis, a 270-foot medium endurance cutter based out of Key West, Florida, is scheduled to return to homeport Tuesday at 11:45 a.

UN Throws the Book at North Korea Ship Operator

A U.N. Security Council committee on Monday blacklisted the operator of a North Korean ship, which was seized near the Panama Canal last year for smuggling Soviet-era arms,

Tripoli Airport Ablaze, Rockets Leave Libya in Chaos

Diplomats flee Libyan chaos; Politicians appeal for international intervention. Clashes in Tripoli, Benghazi kill around 160 over two weeks, while Libyan capital face fuel, power shortages.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Navigation Offshore Oil Port Authority Salvage Ship Repair Sonar Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1209 sec (8 req/sec)