Lighthouse Fast Ferry Reports Record Results
Lighthouse Fast Ferry, Inc. reported record sales results for the fourth quarter and twelve months ended December 31, 2001. For the year-ended December 31, 2001, total revenue increased 10% to a record $4.4 million from $4.1 million for the prior-year period in 2000. Passenger ticket sales jumped nearly 16% to $3.9 million from $3.4 million in the prior-year period, reflecting increased rider-ship at the company's Highlands, New Jersey site, where total annual rider-ship rose 6% to 297,775 passengers. Immediate demand for the company's latest Keyport, New Jersey service, which commenced on October 15, 2001, also contributed to sales, with a rider-ship of 24,693 passengers at year-end 2001.
VT Halmatic Names New Tech Director
VT Halmatic said that Professor Bob Cripps, currently Engineering Manager at the RNLI, will be joining VT Halmatic as Technical Director as of May 9, 2005. Professor Cripps worked at Lloyds before moving to the RNLI and has extensive technical knowledge and experience of small craft and composite technology. The continuing challenge for technical excellence is essential to the VT Halmatic business plan. Professor Bob Cripps will lead the technical team supported by Dr Andrew Humphries, Marine Design Manager and Dr Robin Mableson, who heads up the Composite Technology Centre. The VT Composite Technology Centre (CTC) was formed in 2001 by the amalgamation of composite expertise from various divisions within the VT Group.
