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 August 2013 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Fortis Earns $47 mi in the 2Q 2014

Fortis Inc. achieved second quarter net earnings attributable to common equity shareholders of $47 million, or $0.22 per common share, compared to $54 million, or $0.

Japan Loans Petrobras $500m to Build Ship Platforms

Brazil's state-controlled oil company Petrobras signed on Friday a $500 million loan from Japan to build eight ship platforms for the oil industry, as part of the

SEACOR Holdings Announces Q2 Results

SEACOR Holdings Inc. has announced its results for its second quarter ended June 30, 2014. For the quarter ended June 30, 2014, net income attributable to SEACOR Holdings Inc.

 
 
Maritime Contracts Maritime Standards Navigation Pod Propulsion Port Authority Salvage Ship Electronics Shipbuilding / Vessel Construction 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: 0.1048 sec (10 req/sec)