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Willi Becker Ingenieurbüro Changes Name to Becker Marine Systems

Maritime Activity Reports, Inc.

July 25, 2002

On January 8, 2002, Willi Becker Ingenieurbüro changed its name to Becker Marine Systems. The company decided to alter its name to reflect its shift towards an increasingly global position as a system provider for rudders and steering gear which development had been going for some years. While the name of the company has been changed, the very substance of the company will remain the same. That is true in particular with regard to the sophisticated technology and the experience which the qualified team of engineers and technicians have acquired throughout the years. The new name will involve the addition of new operating areas to those already in existence. The new managing director Dirk Lehmann will concentrate the company’s efforts in particular on the expansion of the new areas of operation. The new advances are expected to become most noticeable through a wider range of products, comprehensive technical support and even higher product quality. Already this year the product portfolio, traditionally consisting of rudders, Kort nozzles and steering gears has been amplified and now also includes complete rudder systems. The company will continue to comply with high safety and quality standards.

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