UltraStrip Japan Joint Venture Agreement Completed

Wednesday, July 21, 2004
UltraStrip Systems, Inc. announced that all documentation for its joint venture agreement with Kyokuto Boeki Kaisha, Ltd., Ihara Company, Ltd., Chiba Marine Yokohama Company, Ltd., Shuwa Kaiun Kaisha, Ltd., and Kamimura International Associates, LLC. has been completed. UltraStrip Japan, Ltd. will introduce UltraStrip’s patented, robotic M3500 water jetting system into the Japanese market. The M3500 is used for the surface preparation of metal surfaces, such as commercial and naval ship repair, storage, and fuel tanks. The Agreement calls for UltraStrip Japan to immediately lease one automated system. UltraStrip Systems, Inc. is a 49.9% partner in the Tokyo based joint venture. Stephen R. Johnson, President and CEO of UltraStrip Systems, Inc., calls it “an important agreement for UltraStrip as we look to create a global market for our unique, highly productive, environmentally friendly, patented robotic systems.” He adds, “Our Japanese partners are capitalized and provide the expertise needed to capture market share in the Japanese market. We look forward to working with them.”
Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

MN 100: AEP River Operations

16150 Main Circle Drive, Suite #400 St. Louis, MO 63017 Tel: (636) 530-2100  Email: info@aepriverops.com Website: www.aepriverops.com President: Keith Darling The

MN 100: Caterpillar Marine

Neumühlen 9 22763 Hamburg/Germany Tel: (713) 895-1449 Email: cat_power@cat.com Website: www.marine.cat.com Managing Director: Nigel Parkinson The Company: Caterpillar

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Navy

Mexican Navy Delegation Visits NSSA

The U.S. Navy reported that its Norfolk Ship Support Activity (NSSA) welcomed the Mexican Navy Delegation to Building CEP-200, Naval Station Norfolk, Aug. 21 for

Airbus May Sell Stake in Submarine Supplier

Airbus is considering a sale of its 49 percent stake in submarine supplier Atlas Elektronik as part of a reshuffle of its military business, German newspaper Die

Today in U.S. Naval History: August 22

Today in U.S. Naval History - August 22 1912 - Birthday of Dental Corps 1945 - First surrender of Japanese garrison at end of World War II; USS Levy receives

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Navigation Pod Propulsion Salvage Ship Repair Shipbuilding / Vessel Construction Sonar
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: 0.1952 sec (5 req/sec)