EPS Acquires 50% Stake in VectorWorks

Monday, January 05, 2009

EPS Corporation (EPS) has announced the acquisition of one-half interest in Vectorworks Marine LLC, manufacturer of reinforced plastic composite vessels.

The Vectorworks facilities, located on the Intracoastal Waterway, Titusville, Florida, specializes in producing state-of-the-art marine vessels for military, commercial, sport, and recreational use. Vectorworks provides its services to government agencies, commercial entities and other marine manufacturers worldwide.

Presently under construction at Vectorworks for delivery in 2009 to the Saudi Arabian Ministry of Interior for the use by the Saudi Arabia Border Guard Naval Affairs, is the first of two EPS M-10 Hovercraft vessels which can operate effectively at sea, in shallow water, and over land. Powered by two 1,000 hp diesel engines, which provide it with lift and propulsion, the EPS M-10 can reach speeds of up to 50 knots.

In addition to the EPS M-10, the EPS SAH-2200 Hovercraft is scheduled to be built at Vectorworks. Smaller than the M-10, the EPS SAH-2200 has a speed of 40 knots, a single engine, and a range of some 500 nautical miles.

In 2007, Vectorworks doubled its machining volume with the addition of a new 103 ft high-speed router, which saves substantial time and cost – operating as a numerically controlled machine 24/7.

(www.epscorp.com)
(www.vectorworksmarine.com)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter April 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

American Waterways Operators Elects Chairman

The members of the American Waterways Operators, the national trade association representing the tugboat, towboat and barge industry, elected a new slate of leaders

Hanjin Shipping May Get OK for Restructuring

South Korea’s largest container operator by capacity Hanjin Shipping's creditors are expected to approve a corporate rehabilitation program for the struggling container line,

Allcargo Groups Subsidiaries as ECU Worldwide

ECU Line, Econocaribe and China Consolidators undergoes rebranding to build a Global Brand Connect   India’s integrated logistics solution provider Allcargo Logistics

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Port Authority Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.1262 sec (8 req/sec)