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Eltech Electric and Ships Co. Merge Operations

Maritime Activity Reports, Inc.

February 25, 2008

Eltech Electric Inc, the marine and industrial electrical and electronics specialists has purchased Ships Co Ltd, the designer of marine monitoring and alarm systems. Herb Myers, founder and President of Ships Co Ltd will head a new Eltech Alarm Systems Division that will design, build and install bullet-proof alarms systems for the marine and other harsh environments. The systems will continue to be sold under the SHIPSCO brand name.

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