Roadships Holdings Engages STX Marine

Friday, June 26, 2009

Roadships Holdings Inc., a USA company listed on Nasdaq (OTC:RDSH) is announced the decision of its Board of Directors to engage STX Marine to update the design of its Roadships High Speed Monohull to be fuelled by Liquid Natural Gas. An amendment to the Commercialization Agreement contract between Roadships and STX was signed giving effect to the change.

The announcement follows confirmation of STX Canada Marines parent company STX Europe earlier this month of its commitment to reduce the environmental impact of the marine ship industry. STX Europe comprises 15 shipyards in Finland, France, Norway, Romania, Brazil and Vietnam.

According to RDSH Chairman and CEO Michael Nugent "the partnership between Roadships and STX Canada Marine will provide collaborative benefits for both corporations. STX offers ‘Ecorizon’ the strategic environmental plan, based on STX Europe's latest innovations and continuous R&D. The five point plan focuses on water, waste, energy, emissions and sustainability. Roadships brings to the table its business model to move road transport trailers via blue water highways reducing road congestion, diesel fuel emissions and increasing productivity efficiencies in intermodal door to door transport corridors."


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