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

People & Company News

BMT, Endeavour Energy Win Africa’s LNG Import Terminal Contract

BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development

Coast Guard Foundation Hosts Annual Tribute

The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that

WTO Launches Dedicated Website for new TFA Facility

The TFAF was created at the request of developing country and least-developed country (LDC) members to help ensure that they receive the assistance needed to

Finance

WTO Launches Dedicated Website for new TFA Facility

The TFAF was created at the request of developing country and least-developed country (LDC) members to help ensure that they receive the assistance needed to

Aegean Marine Profit Beats Estimates

Greece-based Aegean Marine Petroleum Network Inc. (ANW) reported first-quarter earnings of $12.2 million or $0.25 per share compared with $5.1 million or $0.11 per share last year.

Shreyas Shipping Turns Around

Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs.

Energy

BMT, Endeavour Energy Win Africa’s LNG Import Terminal Contract

BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, has been appointed Owners Engineer and lead design consultant by Endeavour Energy for the development

Fugro Extends Contract with McDermott

Fugro has been awarded a three-year extension to its existing contracts with McDermott Middle East, Inc. The contract covers the provision of survey, positioning,

Keel Laid for Russia’s Next Generation Icebreaker

The world’s biggest nuclear-powered icebreaker keel laying ceremony took place of at the Baltic Shipyard on 26 May 2015. Heads of Atomfflot, the Baltic Shipyard

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Ship Electronics Shipbuilding / Vessel Construction 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: 0.1645 sec (6 req/sec)