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

People & Company News

Dann Marine Repowers With Cummins Tier 3 Engines

Dann Marine Towing, LC., is a fifth generation family owned and operated tugboat company based in Chesapeake City, MD. The model-bow twin-screw tug Sea Coast was

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

MAN-Powered Cargo Vessel Meets Tier III

Classification society awards SCR system emissions certificate. MAN Diesel & Turbo has been awarded a Tier III - compatibility certificate by the DNV- GL classification

 
 
Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Electronics Ship Repair Ship Simulators 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: 0.1570 sec (6 req/sec)