Helsingborg, Sweden, 2011-02-15 07:55 CET (GLOBE NEWSWIRE) -- MJP Waterjets, the fastest growing global supplier of waterjets, wins orders worth in total Euro 2 million. This is the first time that MJP Waterjets’s newly established sales office in Singapore contributes to increased sales in Asia. The new orders refer to the delivery of waterjets for governmental applications and fast ferries. Deliveries of waterjets will take place during 2011.
– MJP Waterjets’s new orders worth Euro 2 million is partly the fruit of our newly established sales office in Singapore, which brings increased market presence and improved service to our customers in Asia and in the Middle East, says MJP Waterjets’s CEO, Hans Andersson.
MJP Waterjets established a new sales office in Singapore in 2010. The sales office has strengthened the company’s presence in the rapidly growing markets in Asia and in the Middle East, where MJP Waterjets has a significant market share in the segment of governmental applications.
In September, 2010, MJP Waterjets won one of the largest contracts ever in the market for waterjets, worth Euro 12 million. The company will supply waterjets for 36 high-speed interceptor boats for the Indian coast guard. The order is an important reference for the company’s continued sales in India, which is expected to become the world’s largest market for waterjets during forthcoming years. MJP Waterjets had per 2010-12-31 an order back-log worth Euro 27 million.
MJP Waterjets is the fastest growing global supplier of waterjets. MJP Waterjets develops, markets and delivers tailor-made, high performance and heavy-duty waterjet propulsion systems. MJP Waterjets offers technology-leading waterjets, that generate more thrust from installed power, leading to higher ship speed, lower fuel consumption as well as lower life cycle cost.
MJP Waterjets delivers waterjets for governmental applications such as coast guard vessels, patrol boats, landing crafts and customs boats, as well as applications for work boats, luxury yachts and fast ferries. In total, governments in 24 countries have chosen MJP Waterjets for their governmental applications. MJP Waterjets was founded in 1986 and has today over 700 waterjets in service around the world.
MJP Waterjets, in Österbybruk, is part of the Swedish industrial group Österby Marine, including Österby Gjuteri and Alcopropeller. Österby Marine is owned by Capilon, a private equity company listed on NASDAQ OMX First North.
For more information
Alex Molvin, CEO, Capilon, E-mail: alex.molvin@capilon.se, Tel: +46 708-25 39 90
Hans Andersson, CEO, MJP Waterjets, E-mail: hans.andersson@mjp.se, Tel: +46 702-14 02 95
Capilon AB (publ)
Address: Järnvägsgatan 23
252 24 Helsingborg, Sweden
Tel: +46 42 24 01 12
Fax: +46 42 24 16 01
E-mail: info@capilon.se
www.capilon.se
