Metro Machine Agrees to Purchase UltraStrip

Tuesday, June 11, 2002
UltraStrip Systems, Inc. announced that Metro Machine Corp. of Norfolk, Va. has agreed to purchase a high production prototype UltraStrip robotic paint removal system for $2 million. Metro is developing a marine vessel enclosure, paint removal, and coating system, the Metro Ship Coating System, and will be evaluating the UltraStrip prototype for use in the Metro Ship Coating System. A binding agreement has been secured from Metro, and delivery and initial testing is scheduled to be completed by August 15 Dr. Robert O. Baratta, president and CEO of UltraStrip Systems said, "Metro plans to use the UltraStrip technology in its own shipyard and market the Metro Ship Coating System with the UltraStrip technology to other shipyards and ship repair companies. We look forward to a long and prosperous relationship with Metro, as we work together to refine and integrate the two technologies, with the goal of creating a state of the art system for the dry docking of marine vessels."
Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Schlumberger Announces Q1 Results

Schlumberger Limited (NYSE:SLB) today reported first-quarter 2014 revenue from continuing operations of $11.24 billion versus $11.91 billion in the fourth quarter of 2013, and $10.

Russia Ships First Oil From Offshore Arctic Platform

President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share.

Shipping Turns From Banks to Equity Markets for Cash

Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector

 
 
Maritime Careers / Shipboard Positions Maritime Standards Navigation Offshore Oil Pipelines Port Authority Salvage Shipbuilding / Vessel Construction 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: 0.0992 sec (10 req/sec)