LMS, Tokimec Announce Alliance

Monday, October 09, 2000
Litton Marine Systems and Tokimec announced a strategic alliance for development, marketing, sales and service of marine equipment. Under the alliance, the two companies will undertake a cooperative program for developing and marketing products worldwide. "We are very pleased to announce this cooperative program with Tokimec," said Dr. Clark Graham, president of Litton Marine Systems. "It brings together the resources of two very strong marine technology organizations with a long history of cooperative endeavors, and we are confident that the relationship will continue to grow and strengthen in the coming years." "As seen in the remarkable technological innovation and the rapid industrial reorganization, just in front of the 21st century we are in a world of drastic change. The marine equipment industry, which we are involved in, is not an exception," said Mr. Hideaki Katsuki, president of Tokimec Inc. "Our ultimate goal is to provide our customers with reasonable products meeting the needs for safe navigation and labor saving as well as a protection of the global environment. One of the best approaches to this goal can be an international collaboration between distinguished world-class companies. In this sense, we consider that our partnership with Litton Marine Systems this time is of great importance and we are very excited about it and look forward with joy and expectation. In our partnership, we would like to share each other's technologies and know-how, making the most of companies' capabilities. I am sure that such a partnership will accelerate the development of the two companies and our customers will certainly welcome it."

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