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Ribcraft Signs Contracts with USCG, USAF

Maritime Activity Reports, Inc.

January 7, 2004

Ribcraft USA entered into a multi-boat contract with the U.S. Guard and will supply the U.S. Air Force with its recently launched Mitigator 7.8 m boat. The Air Force order represents the first in a series of orders from federal, state and local agencies for this newly launched craft. The Ribcraft Mitigator will be used in conjunction with the Air Force's Para Rescue activities along the Florida coastline. The Patrick Air Force Base Para Rescue team will use this new RIB for near shore rescue and recovery operations for the airfields and occasional space launches. In addition, they will use the Mitigator for routine training and preparedness exercises. The new 25-ft. RIBCRAFT Mitigator integrates multiple technologies designed to enhance driver and passenger comfort and safety by mitigating many of the naturally occurring actions generated by changing sea conditions and high speeds. This craft features the latest in composite construction, an ergonomically designed console, state of the art shock reducing seats, a complete host of navigation and communications equipment, and twin 150 hp outboard engines. Under the terms of the U.S. Coast Guard contract, RIBCRAFT will supply several customized RIBCRAFT 5.85 (19-ft.) RIBs to the Coast Guard for peacekeeping missions and patrols overseas. Fully equipped with diesel inboard engines, these boats are capable of speeds in excess of 35 miles per hour with a capacity of more than six people. The 19-ft. Ribcraft 5.85 offers increased maneuverability, functionality, and can easily be transported by land, air and sea. Ribcraft offers RIBs ranging in size from 15 to 26 ft.

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