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UltraStrip, Lisnave and Tecor Sign Agreement

Maritime Activity Reports, Inc.

August 11, 2005

UltraStrip Systems, Inc., the developer of a robotic ship-hull cleaning equipment, agreed to a five year agreement with Tecor-Tecnologia Anticorrosao, S. A. to be the exclusive ultra high pressure water jetting contractor at the ship repair yard of Lisnave, Estaleiros Navais, S.A. in Portugal. Lisnave, established in 1937, is one of the largest and busiest heavy marine ship repair yards in the world. The agreement reflects the shipping industry’s growing concern for protecting the world’s oceans and waterways through technology that concurrently maximizes cost efficiencies. UltraStrip President and CEO, Stephen R. Johnson, said, “Tecor and Lisnave’s choice of UltraStrip’s high production, environmentally sensitive M3500 Robotic System is further recognition of the shipping industry’s need to automate traditional coating removal processes while protecting the environment and the health of shipyard workers. Lisnave’s scheduling needs require quick turnaround times in the dry dock and the high production M3500 Robotic System will allow the surface preparation work to be completed simultaneously with other trades finishing their work. Normally, if the ship was being grit blasted, other trades would not have been able to work while the grit blasting was in progress. This technology is also capable of completely containing all the hazardous paint material for proper disposal.”

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