Nautronix Celebrates 30 Years

MarineLink.com
Wednesday, July 10, 2013

Through water communication and positioning technology company, Nautronix, celebrated 30 years in the oil and gas industry this week. Their financial year has come to an end and they are reporting growth in 2012/2013 of more than 41% on the previous year, the company said, with revenue increasing to £16.1 million which demonstrates how much the company has grown over the years. 

The success of the company comes from the introduction of the Survey Services division and a number of significant contract wins including recently awarded contracts with an approximate value of £2.8 million. As a result of the growth and success of Nautronix in the past year, they have employed an additional 42 people and as they continue to grow, they have budgeted to increase their work force to 120 people in 2013/2014.

As a technology company, Nautronix has invested £1.5 million in the research and development of their products and have recently completed a major NASeBOP project for acoustic switches for BOPs, which has now been successfully supplied and is currently on back order.  They have invested £20million on this product alone over the past couple of years and the system has been developed and manufactured in their production base in Aberdeen.

As Nautronix continues to develop their product range and service offering, they have invested a further £1.2 million developing the latest state of the art Digital Diver Communications System, NASDive which will be launched soon. They will also be releasing a new range of Beacons from the Dolphin Range and there is a number of exciting research and development projects that are planned over the new financial year.

In support of continued business growth, Nautronix also opened a brand new Headquarters in Aberdeen, "the energy capital of Europe" and a new office in Stavanger, Norway and the company also established a larger site in Houston, Texas.

Commenting on the results and growth of the company, CEO, Mark Patterson said “As we look towards the next financial year, Nautronix marks 30 years as providers of leading technology developments for the global offshore industry. This has been an extremely successful financial year for Nautronix and seeing the company grow and develop the way it has over the past 30 years is a testament to the service offering that Nautronix provides"

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Matson Declares Q2 2014 Dividend

Leading US carriers in the Pacific, Matson, Inc., apprises it has declared a second quarter 2014 dividend of $0.16 per common share. "Today's authorization continues

Cold War Revival? British Military on Guard

UK's Ministry of Defence says that warship HMS Dragon & an RAF Typhoon aircraft have been in contact with their Russian counterparts this week, as follows: The

Oceanteam Financial Transformation Aids 2013 Business

Diversified offshore shipping company Oceanteam's CEO, Haico Halbesma, writes in the Annual Report 2013 that it was a year of consolidation and operational focus for Oceanteam Shipping ASA.

Finance

Matson Declares Q2 2014 Dividend

Leading US carriers in the Pacific, Matson, Inc., apprises it has declared a second quarter 2014 dividend of $0.16 per common share. "Today's authorization continues

Cruise Ship Liability & Compensation Treaty Kicks In

The International Maritime Organization (IMO) informs that substantially increased limits of liability for the death of, or personal injury to, a passenger on a ship apply from 23,

Oceanteam Financial Transformation Aids 2013 Business

Diversified offshore shipping company Oceanteam's CEO, Haico Halbesma, writes in the Annual Report 2013 that it was a year of consolidation and operational focus for Oceanteam Shipping ASA.

Energy

At Hamburg port E-mobility Project, BESIC enters crucial phase

Ten battery-operated heavy goods vehicles now transport containers between ships and the yard at the highly automated handling facility in the HHLA Container Terminal Altenwerder (CTA).

ExxonMobil Donates $13.4 Million to 'United Way of Greater Houston'

ExxonMobil employees and retirees raised a record $13.41 million for the United Way of Greater Houston during its 2013 community campaign, which was the largest

Ukraine Forces Kill Five Rebels

Ukrainian forces killed up to five pro-Moscow rebels on Thursday as they closed in on the separatists' military stronghold in the east, and Russia launched army drills near the border in response,

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Ship Simulators
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: 0.1677 sec (6 req/sec)