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Integrated Maritime Platforms International Inc News

10 Dec 2003

Radix Marine Gains Competitive Advantage

Radix Marine, Inc., a marine vessel development company specializing in port and homeland security and defense initiatives, announced that it has signed a letter of intent to enter into an exclusive Development, License, and First Right of Refusal Agreement with GSE, Inc. for the marine application of the company's high power density compression ignition TSIO 1255 engine series. GSE, recently awarded a grant by the U.S. government for the initial development phase of the TSIO 1255 compression ignition heavy fuel engines (CIHFE), has been in the heavy fuel engine development business for twelve years and is utilizing proprietary technology to develop lighter and smaller high power density CIHFE. GSE's products seek to meet the market demand created by U.S.

14 Jan 2004

Radix Marine Signs Propulsion Deal

Radix Marine, Inc., a marine vessel development company specializing in port and homeland security and defense initiatives, signed a letter of intent to enter into an exclusive Development, License, and First Right of Refusal Agreement with GSE, Inc. for the marine application of the company's high power density compression ignition TSIO 1255 engine series. "We believe that by acquiring the exclusive right to license the marine applications of GSE's heavy fuel engines, Radix Marine will gain a sustainable competitive advantage for the company's watercraft in the military and port security marketplace," said Scott Edwards, Radix Marine Vice President.

14 May 2002

Modern MFG Services Signs Letter of Intent

Modern MFG Services, Inc Signs Letter of Intent for the acquisition of Watercraft Military Defense Contractor. Modern MFG Services, Inc. (Modern) announces the signing of a letter of Intent to acquire 100% of Integrated Maritime Platforms International Inc., the designer, developer and manufacturer of the GB-Challenger Class Craft a high-speed, long-range multi-mission coastal patrol craft with interchangeable mission modules. The GB-Challenger Class Craft range in size from 7 to 16 meters, are highly maneuverable, have a range in excess of 500 nautical miles at continuous speeds of 40+ knots, and are capable of carrying a heavy payload.

18 Sep 2002

Modern MFG Services Agrees to Acquire Integrated Maritime Platforms

Modern MFG Services, Inc., announces the execution of a formal agreement acquiring Integrated Maritime Platforms International Inc. (Integrated). Integrated becomes a wholly owned subsidiary of Modern MFG Services Inc. The final acquisition agreement was signed by the Presidents of both companies late last night. "We have received many calls from our shareholders in anticipation of the conclusion of this acquisition. I am pleased to report that it is now finalized," says Roger Janssen Modern's President and CEO. "We will now be focusing on the design, development and construction of the Naval Undersea Warfare Combat Vehicle Prototype as requested by the U.S.