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 August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Bunkers International Files for Bankruptcy

U.S. based bunkering services firm Bunkers International Corp. announced August 28 that it has filed for reorganization under Chapter 11 of the Bankruptcy Code.

Asia-N.Europe Box Rates Jump 26 pct

Shipping freight rates for transporting containers from ports in Asia to Northern Europe jumped by 26 percent to $591 per 20-foot container (TEU) in the week ended on Friday,

CMA CGM-led Consortium Win Box Terminal Bid

The consortium formed by CMA CGM, Bolloré and CHEC won the bid process initiated by the Cameroonian government Following the bidding procedure initiated by the Cameroonian government,

Navy

HMAS Canberra Initial Operational Capability

The Royal Australian Navy’s Amphibious Ship, HMAS Canberra, has completed a graduated operational test and trials program to achieve a key milestone towards Initial Operating Capability.

Australian Defence Unveils Indigenous Artwork

Defence today unveiled an Indigenous painting at its Science and Technology headquarters in Canberra as a mark of respect for cultural diversity within the organisation.

Britain Pumps GBP500mln into Scottish Naval Base

The Royal Navy’s submarine base at Faslane – home to Britain’s nuclear deterrent – is to receive a more than 500 million pounds investment grant from the Government, reports Reuters.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Shipbuilding / Vessel Construction
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: 0.3803 sec (3 req/sec)