SIMTRONICS - CONTRACT EXTENSION - FPSO CONTRACT IN THE NETHERLANDS
Further to the press release dated 13th January announcing an FPSO contract in hand for the supply of flame and gas detection products we are pleased to announce a contract extension of 1.1 MNOK. The total purchase order is now valued in excess of 5.7 MNOK. Delivery will take place during Q2 2011.
This extension is further confirmation of Simtronics position as a supplier of both gas and flame detection products to the global FPSO market segment.
For further information please contact:
Mr Rune Martini, CEO of Simtronics ASA
Phone +47 48 07 80 80
Eliot Sizeland, Sales Director, Detection Systems
Phone +47 934 32 918
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.