Rutter Partners on $2m Order, Integrated Oil Spill Solution

Friday, October 15, 2010

Canadian based Rutter Technologies, a division of Rutter Inc. (TSX:RUT), and its Norwegian partner, Aptomar AS, announced orders for six Integrated Oil Spill Response and Management Systems. This comes on the heels of the recent certification of the technology by the Norwegian Clean Seas Association (NOFO) following the conclusion of trials in June.

The Integrated Oil Spill Response and Management System provides operators with real-time information about the volume and thickest areas of an oil slick in order to maximize recovery efforts. It combines Rutter’s Sigma S6 radar processor and display with the Aptomar SECurus system. This integration gives the operator the ability make immediate decisions on oil slick detection both onboard vessels and onshore. President and CEO of Rutter Inc., Fraser Edison, says “the combined value of these orders to Rutter and Aptomar is $2.0 million (US) and these significant purchases by industry players in Brazil, Norway and Denmark are indicative of the level of confidence in the integrated technology system”.

Three systems have been purchased by Edison Chouest Offshore LLC to be deployed on three vessels operating in Brazil in support of Petrobras, the Brazilian oil company. The Rutter/Aptomar integrated system meets the Petrobras’ standard for oil spill detection and relative thickness measurements.

A fourth system has been ordered by Rederi AB TransAtlantic and will be deployed off Norway on a vessel in support of Statoil operations. In addition to these orders, the Rutter/Aptomar integrated system will also be leased to the Danish shipping company, Esvagt, for two vessels supporting Statoil operations off the coast of Egypt.

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