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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Alaska Marine Lines Reduces Fuel Surcharge

Alaska Marine Lines, a marine transportation company providing barge service to and from Alaska and Hawaii, informs it has filed with the U.S. Surface Transportation

SSI to Showcase Marine Information Model

SSI's CAD/CAM ShipConstructor software utilizes a Marine Information Model (MIM) to store a wealth of data that can be leveraged for maintenance, repair and lifecycle support.

Bollinger VP Fanguy Snags SNAME Award

Louisiana-based shipbuilder Bollinger Shipyards, LLC announced its vice president for quality management system, Dennis Fanguy, will receive the 2015 William M.

Maritime Security

Greek Coastguard Rescues 2,500 over Three Days

Greece's coastguard has rescued about 2,500 migrants and refugees off the country's eastern islands over the past three days, authorities said on Monday, as the

BIMCO Outlines LIS Week Schedule

BIMCO’s breakfast brief, titled “The Future Of Maritime Security” is aimed at CEOs and Directors who will have an opportunity to hear more on the latest threats

Hurricane Ignacio Will not Affect Hawaiian Port Operations

The Coast Guard Captain of the Port continues to closely monitor the movement of Hurricane Ignacio and based on the storms current trajectory to the northwest

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.3966 sec (3 req/sec)