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Kongsberg Maritime Signs Deal For Advanced Subsea Systems

Maritime Activity Reports, Inc.

April 24, 2007

Kongsberg Maritime has signed a contract with the shipyard Alcock Ashdown Ltd. of Gujarat, India, for advanced subsea systems valued at approximately $58.6m. The equipment will be installed on six new surveying vessels that India's National Hydrographic Office has ordered from the shipyard. HUGIN was developed through collaboration between the Norwegian Defence Research Establishment, the Royal Norwegian Navy, Statoil and Kongsberg Maritime. Cooperation began in 1995, and the first HUGIN was put into commercial use in the North Sea in 1997.

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