SIMTRONICS TO DELIVER GAS ANALYZERS AND GAS DETECTORS FOR SUBMARINES.
Simtronics Group has through its French subsidiary signed a Frame agreement with DCNS in France for delivery of gas analyzers and gas detectors for submarines. This Frame agreement is the confirmation of the expected contract which was announced in August in connection with the first order of NOK 2,4 million for generic studies.
The duration of the Frame agreement will be three years, renewable. In average, submarines have a 33 years life expectancy and accordingly the agreement will be renewed during this period.
For the first three year period, the contract value represents minimum NOK 37,6 million. In addition to supplying the materials and spare parts, Simtronics will also provide studies, technical advice and training.
For further information, please contact:
Rune Martini, CEO, Simtronics ASA
Phone +47 48 07 80 80
Claus Fossum, EVP & Head Detection systems division
Phone +47 91 78 36 43
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, solutions and systems 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.