Transas Reports Another Successful Year

According to Transas, the year 2002 was marked by substantial growth in sales all over the world and their updated product line. During the year, Transas completed development of the new-generation 3000 line of navigational products. Now, this product line comprises Navi-Sailor 3000, the enhanced version of the electronic chart system with UAIS transponder interface; Navi-Radar 3000, PC-based radar display system; Navi-Conning 3000; and Navi-Fisher 3000, the ectronic chart system specifically adapted for fishery vessels. The line also includes Navi-Bridge 3000, a smart mini-IBS (Integrated Bridge System) designed to make ship control easier and more efficient. Throughout the year, Transas developed and introduced to the market its MT-1 UAIS Transponder, manufactured in cooperation with McMurdo. Also Transas presented for the first time its expert solution for port and coastal security, Navi-Guard.

In 2002, Transas greatly increased international sales of its VTS products. Transas Vessel Traffic Service systems, Navi-Harbour and Navi-Traffic, have been installed in ports in England, Iceland, France, Russia, Morocco, and Namibia. In November 2002 Transas signed a prestigious multi-million contract with Bulgarian government for the installation of a Transas large-scale VTMIS (Vessel Traffic Management and Information System), including GMDSS and UAIS subsystems on the Black Sea, to cover the Bulgarian shore line from the Romanian frontier to the Turkish one. This strategic project is significant for the further development of the Bulgarian coastal structure, safe sailing environment in the Black Sea and business prosperity of the region. The year 2002 marked the Tenth Anniversary of Transas in the international market. Transas Marine Ltd. was registered in 1992 in Southampton, UK, and has become a firm leader in the field of marine software and electronics in record time. Summing up the results of the past year, Sven Rasmussen, director of sales and marketing, said: “Transas is sincerely proud for all the successes it achieved during the year 2002. But all these wouldn’t be possible without the people who continuously contribute with their professionalism and enthusiasm to the common Transas goal. First of all Transas is a perfect, consolidated International team, going ahead in the common rhythm - rhythm of success!”