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Press Release

TTS signs contracts in Vietnam and Korea

TTS Group ASA has through its subsidiaries signed two contracts for delivery of marine and shipyard equipment with a total value of approx. 60 MNOK.

The first contract, through TTS subsidiary TTS Handling Systems AS in Norway, is with the Vietnamese Navy and concerns delivery of shipyard equipment to a shipyard in southern Vietnam. Estimated time of delivery is the first quarter of 2015.

The shipyard contract is the fifth project in the past 16 months and reinforces the strong position TTS has obtained in this promising market.

See also:

TTS Group with breakthrough contracts in Vietnam (16 May 2013)

The second contract, through TTS subsidiary TTS Marine AB in Sweden, is with Hyundai Heavy Industries in Ulsan, South Korea. The contract concerns delivery of cargo access equipment to two car carriers under construction. The deliveries will take place during 2013 and 2014.


2013-06-28

Please see TTS Group ASA company electronic office

For further information, please contact
Bjorn Andersson,
CEO & President,
TTS Group ASA,
Phone (+47) 911 33 671

Henrik Solberg-Johansen,
CFO TTS Group ASA,
phone (+47) 982 06 438

Miao Reinlund,
Vice President Corporate
TTS Group ASA,
phone (+ 47) 900 65 883

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