Marine Jet Technology Listed for Trading on the OTCBB

Monday, October 13, 2003
Marine Jet Technology Corp has been listed for trading on the OTCBB under the symbol MJET. The company develops and markets marine jet propulsion technology based on three issued patents and patent pending. The latest form of this technology is the Variable Marine Jet, which incorporates computer control of variable components of the pump, nozzle, and inlet. Management believes that this technology will compete strongly against propellers and conventional marine jets for propelling fast boats and fast ships of all types. The company’s initial market focus was recreational and small commercial watercraft. It has now shifted its market focus to fast military craft and to fast military ships, particularly the Littoral Combat Ship, which is currently in the design phase. Recent marketing efforts include a Technical Presentation by company President Jeff Jordan at the Multi-Agency Craft Conference on the Norfolk Base in June. Mr. Jordan also attended the Naval-Industry R&D Partnership Conference 2003 in Washington, DC in August, where Marine Jet Technology Corp was featured in the Technology Showcase.
Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Japan to Hand Over Data Ahead of Australia Submarine Bid

Japan will agree this month to give Australia classified submarine data, an unprecedented step signalling Tokyo's intent to join competitive bidding to sell Canberra a fleet of stealth subs,

Maersk Issues 'letter of undertaking' to Iran

Maersk Line said on Wednesday it had provided a letter of undertaking in relation to uncollected cargo that has led to the seizure by Iranian authorities of the vessel Maersk Tigris.

Iran: Maersk Boxhip Dispute Near Settlement

Iran said on Wednesday a legal settlement could be reached soon over its seizure of the Marshall-Islands flagged Maersk Tigris container ship in the Strait of Hormuz last month,

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Navigation Pipelines Pod Propulsion Port Authority 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: 0.0849 sec (12 req/sec)