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. In addition to acquiring the right to license GSE's technology, the two companies also plan to begin a twelve month developmental program for a 600 hp CIHFE for use in an 11 meter USV.

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 12 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. Department of Defense Directive 4140 (1999), which mandates the standardized use of heavy fuels by all branches of the military by 2010.

Integrated Maritime Platforms International, Inc. (IMPII), a wholly owned subsidiary of Radix Marine, was recently awarded a contract with the United States Navy, whereby it joined an industry-consortium developing Unmanned Surface Vehicles (USV) for the Navy's Spartan program. Radix Marine has been searching for products and systems that will enhance the performance of its USVs.