eMARINE Global Signs Contract with Hanjin Heavy Industry to Deliver e-Navigator Technology for Four New Build Naval Ships

SEOUL, SOUTH KOREA, Nov. 27, 2019 (GLOBE NEWSWIRE) -- eMARINE Global, Inc. (OTC: EMRN), a leading provider of information and communications technology (ICT) for the maritime industry, signed a contract with Hanjin Heavy Industry & Construction Co., Ltd (HHIC) to supply the Company’s e-Navigator system for four new build Republic of Korea Navy (ROKN) ships. The contract is valued at an estimated 100 million won (US$0.85 million).

e-Navigator is eMARINE’s core brand of warship Electronic Chart Display & Information System (ECDIS). The Company currently provides ongoing maintenance of its warship ECDIS technology on 215 ROKN vessels on an annually contracted basis.

The newly ordered systems will be installed on ROKN’s newest PKG-B patrol vessels. eMARINE previously supplied its warship ECDIS technology for the first eight PKG-B vessels in the class, while the current contract is to supply the technology for ships nine through 12, which were awarded to HHIC in early 2018.

“With these sales of our proprietary ECDIS technology, we have now sold a total of 411 units since the product was first introduced,” stated Ung Gyu Kim, Chairman and CEO. “We look forward to continued work with both HHIC and ROKN.”

Founded in 2001 and based in South Korea, eMARINE Global is working with a growing base of marquee customers to achieve maritime ICT convergence through fully integrated products and services, offering state-of-the-art e-navigation, marine Internet of Things (IoT), and marine big data solutions, primarily in Korea with near-term expansion into U.S. and Chinese markets.

About eMARINE Global, Inc.

eMARINE is a provider of information and communications technology in the maritime industry. Specifically, eMARINE provides solutions for collection, integration and display of maritime information abroad and ashore by electronic means to enhance berth to berth navigation and related services. These solutions provide the most efficient means to secure the safety of life at sea and to protect the marine environment. All products and services are offered through subscription, installation, updates and/or maintenance contracts.

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These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any anticipated results, performance, or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise.


Dave Gentry
RedChip Companies
407-644-4256, ext. 104