HOLLUND INDUSTRIAL MARINE EXECUTES MOU – ATTAINS EXCLUSIVE LICENSE FOR UNDERWATER ROBOTIC TECHNOLOGY
Exclusivity Grants Hollund Rights to Procure Underwater Timber Harvesting Concessions; License Furthers Multi Billion Dollar OpportunityBLAINE, WA, August 6, 2012 (Globenewswire) – Hollund Industrial Marine, Inc. (PINKSHEETS: HIMR ) (“Hollund” or the “Company”) announced today that the company has executed a MOU (Memorandum of Understanding) formalizing Hollund’s exclusive right to manage and operate a patented underwater robotic resource technology. Part of Hollund’s pursuit of this license was to enhance the potential to acquire concessions the South