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

Finance

Matson Declares Q2 2014 Dividend

Leading US carriers in the Pacific, Matson, Inc., apprises it has declared a second quarter 2014 dividend of $0.16 per common share. "Today's authorization continues

Cruise Ship Liability & Compensation Treaty Kicks In

The International Maritime Organization (IMO) informs that substantially increased limits of liability for the death of, or personal injury to, a passenger on a ship apply from 23,

Oceanteam Financial Transformation Aids 2013 Business

Diversified offshore shipping company Oceanteam's CEO, Haico Halbesma, writes in the Annual Report 2013 that it was a year of consolidation and operational focus for Oceanteam Shipping ASA.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar 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: 0.0727 sec (14 req/sec)