SOURCE: N.E.I. Treatment Systems

N.E.I. Treatment Systems

September 20, 2010 17:40 ET

N.E.I. Treatment Systems Announces Four-Ship Ballast Water Treatment Systems Order From Hyundai Samho Heavy Industries

BUSAN, SOUTH KOREA--(Marketwire - September 20, 2010) -  N.E.I. Treatment Systems licensee Samgong Co., Ltd. of Korea received an initial order from Hyundai Samho Heavy Industries (HSHI) for four Venturi Oxygen Stripping™ (VOS™) ballast water treatment systems (BWTS) to be installed on four 318,000 DWT VLCCs being built for SAMCO Shipholding Pte. Ltd. of Singapore. The order represents the largest BWTS order to date for the Hyundai Group, who is the world's largest shipbuilder.

Commenting on the HSHI order, N.E.I. CEO Jon Slangerup said: "This is a key milestone for Samgong, our licensee and strategic partner in Korea, representing the first of many VOS™ System orders to come. Samgong has made a significant investment in resources needed to aggressively pursue the market for BWTS in Korea, and that investment is beginning to pay off. For N.E.I., it validates our strategy of partnering with respected industry leaders in major marine markets like Korea as a means to accelerate our sales and global market penetration."

The four 6,350m3/hr VOS™ Systems for HSHI/SAMCO represent the Company's largest BWTS solutions on order to date, eclipsing the record previously announced by N.E.I. with its order for six 4,400m3/hr VOS™ Systems being built in Korea by Samgong for Dayang Shipyard in China. N.E.I. has delivered the first three of six VOS™ Systems to Dayang, which are being installed on six 118,000 DWT bulk carriers being built for Hartmann Reederie of Germany. 

Commenting on the VOS orders, Samgong President Jin Seok Zong said: "The HSHI and Dayang orders add to the growing list of VOS™ Systems installed or now on order for tankers, bulk carriers and container vessels, making VOS™ the first BWTS technology to be installed on all three major ship types. Ship owners like SAMCO, Hartmann, APL and other VOS™ customers are acting ahead of the implementation timetable of the IMO's Ballast Water Management Convention, further demonstrating the commercial availability and effectiveness of Type-Approved BWTS solutions like VOS™."

About N.E.I. Treatment Systems, LLC

N.E.I. is a privately held Company headquartered in Los Angeles, California and has been in business since 1997. The Company is a pioneer and market leader in the rapidly growing Ballast Water Treatment System (BWTS) industry. N.E.I. manufactures, sells, distributes and services its patented Venturi Oxygen Stripping™ (VOS™) BWTS solutions through an extensive global network of licensee, sales and services partnerships in fifteen countries around the world. N.E.I. has licensed its proprietary technology to strategic partners Mitsubishi Kakoki Kaisha, Ltd. of Japan and Samgong Co., Ltd. of Korea. In addition to having the exclusive rights to build and sell the VOS™ System within the Japanese and Korean markets, respectively, both Mitsubishi and Samgong manufacture VOS™ Systems sold by N.E.I. to its global customers, thereby providing the Company with ability to extensively scale its operations and respond to customer requirements. For more information, please visit us at www.nei-marine.com

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