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KMSS Gets Orders

Maritime Activity Reports, Inc.

May 15, 2002

Kongsberg Maritime Ship Systems (KMSS) has recently won a number of orders for its cargo monitoring systems in Japan and Korea. These new orders are collectively worth over $1 million and firmly establish KMSS as a major player in these lucrative markets. The first order is for a Custody Transfer System (CTS) for MOL and Qatar Gas Hull 1561 currently under construction at Mitsui Engineering and Shipbuilding Co., Ltd. in Japan. The second order is also for a CTS cargo system for Shell Hull 2183 currently under construction at Mitsubishi Heavy Industries Ltd., in Nagasaki, Japan. The ship is the last to be built in a series of three, which have also been fitted with equipment from KMSS. The third contract is for a KMSS CTS/CLS system for Bergesen Hull 2217 currently under construction at Daewoo in Korea. Again, this is the final vessel in a series of three, all have been fitted with KMSS CTS/CLS equipment. This contract builds on an existing relationship between KMSS and Daewoo as these ships have also been fitted with integrated bridge systems from KMSS.

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