Scanship Holding ASA : New Contracts for Total Clean Ship Solution


Lysaker, 2 July 2014: Scanship Holding ASA has, through its subsidiary Scanship AS, been awarded the contract for delivery of a Total Clean Ship Solution for the third cruise vessel, Viking Sea, in the series being built for Viking Ocean Cruises at Fincantieri.

The contract is awarded by Fincantieri S.p.A., and the main delivery of equipment will take place in the third and fourth Quarter of 2014. The contract includes three options for equipment deliveries in 2015, 2016 and 2017.

"We are very pleased to be awarded another contract with Fincantieri. This is Scanship's 26th equipment contract with the Italian yard, confirming our strong relationship. The contract also confirms that Scanship is well positioned as a partner for the leading cruise yards. This is further made evident by the increased demand we are experiencing for our solutions, in large part due to stricter environmental regulations and higher environmental awareness among leading ship-owners", says CEO Henrik Badin.

The deliveries will include Scanship's Advanced Wastewater Purification (AWP) system and Waste Management (WM) system. The AWP system treats all wastewater streams on a vessel in compliance with the strictest environmental regulations, and the vessel when delivered, will be able to meet the new regulation in the Baltic Sea as well as the regulation enforced in Alaska. Scanship is the only supplier that has delivered AWP systems operating today meeting the Baltic Sea Helcom standard. The Scanship Waste Management system processes all garbage and food waste, and bio residues from these waste streams and from the wastewater will be dried and incinerated aboard. The total clean ship delivered from Scanship provides a seamless interface between all solid and liquid waste.

The equipment for the first vessel, Viking Star, in the Viking Ocean Cruises newbuild series was delivered to the yard last year, while the delivery to the second vessel, Viking Sky, is ongoing this summer.

For further queries, please contact:
Sigurd Gaarder Lange - CFO
Scanship Holding ASA
Tel: +47 90 79 81 55
Email: sigurd.lange@scanship.no


ABOUT SCANSHIP HOLDING ASA
Scanship is an industry leader in advanced technologies for processing waste and purifying water within the maritime industry. Owners of vessels operating our systems have the solutions to convert all waste and wastewater to inert materials, recyclables, clean flue gas and effluent which meets the highest international discharge standards. Our new technologies will recover water and produce energy, providing tangible payback from the operations. We strive for the highest quality, innovative and sustainable solutions.

 
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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