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Imtech Receives Contract

Maritime Activity Reports, Inc.

June 7, 2002

Imtech N.V., a technical service provider in Europe, has been commissioned by the Jan De Nul Groep and the wharf Schelde Marine Bouw to automate a number of dredgers and naval vessels. The Imtech Marine & Offshore division acquired the orders, worth a total of $15 million. Commissioned by the Jan De Nul Groep, Imtech is responsible for the on-board integrated dredging automation and instrumentation, navigation and communications for two 11,300 m³ Trailing Suction Hopper Dredgers. Both dredgers are being built at the IZAR wharf in Bilbao, Spain. The UniMACS® navigation technology (integrated navigation, propulsion, alarm, monitoring, control and communications) patented by Imtech will be installed on these ships.

The dredgers will be equipped with an automatic identification and ship registration system, as well as a number of multifunctional workstations for the engine room and the visualisation of the dredging process, among other purposes. Imtech Marine & Offshore will carry out this project in close collaboration with IHC Systems, a joint venture of Imtech and IHC Holland. The dredgers will be completed towards the end of 2003.

Commissioned by the wharf Schelde Marine Bouw, Imtech is responsible for the automation of the navigation and hydrography on two new naval vessels HMS Snellius and HMS Luymes, both for the Dutch Royal Navy. On both vessels the UniMACS® navigation technology patented by Imtech will be installed, as well as digital nautical charts. An automatic integrated hydrographic recording and processing system will also be incorporated, to map the bottom of the see. The ships will be completed in 2004.

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