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Simtronics ASA (OSL:SIMTRO) SIMTRONICS has received a Letter of Intent (LoI) for delivery of offshore field equipment to a North Sea offshore project.
The final contract party and project will be disclosed later.
The value of the LoI is in excess of NOK 7,0 million. Deliveries will take place during Q1 2009.
The work will be executed by the Simtronics' subsidiary Water Mist Engineering AS.
For further information, please contact:
Rune Martini, CEO Simtronics Group Telephone (+47) 48 07 80 80
Kjetil Sivertsen, Managing Director Water Mist Engineering AS Telephone (+47) 91 37 75 25
Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics` flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics` heritage goes back to 1948.
