First Scandinavian MoorMaster™ order

We are pleased to announce that we have secured an order for the supply of four MoorMaster® 400 automated mooring units from Denmark-based Nordic Ferry Services A/S, a recent joint-venture between Bornholmstrafikken A/S and Clipper Group.

The MoorMaster® units will be installed in the ferry terminals at Hov and Sælvig, servicing a newly built ferry on a high frequency passenger route to and from the island of Samsø. Delivery and installation of the units is scheduled for September of this year.

We are currently completing the follow-up order received from the St. Lawrence Seaways Management Corporation in Canada during the third quarter of 2007. The order is currently on schedule, with delivery and installation to take place April of this year.