LR Establishes Applied Technology Group
The Applied Technology Group (ATG) describes is a team established with the goal of providing expanding technology leadership capabilities, multidisciplinary consulting services, the development of engineering analysis software and specialized contract research services in Canada and globally across the Lloyd’s Register (LR) Group. The Lloyd’s Register Applied Technology Group consists of 50 people in two locations in Canada, - Halifax, Nova Scotia and in Ottawa. •Public Safety: The development and application of explosive modeling and structural response analysis to protect soldiers, civilians and critical assets. •Survivability: Supporting the safe and effective operations of complex integrated marine assets throughout their operational profile.
Lloyd’s Register Reports Strong Performance
In his report on the accounts for the year ended June 30, 2008, David Moorhouse, Chairman of Lloyd’s Register, has announced that Group income rose by 19.6% to $893m (2006/07: $747.5m) with a marginal increase in surplus before tax generally in line with the budgeted target. The budgeted surplus for the year allowed for a significant increase in spending on projects and personnel in support of the Group’s medium and long term business objectives. “Following very strong growth in 2007, I am pleased to be able to report another year of strong underlying financial performance in 2008. While the recent global financial chaos had little effect on our results for the year to June 2008, it is clear that next year will pose a significant challenge to the Group.
