OTI Greentech AG group company VTT Martitime AS signs a new EUR 1.1 million contract

  • Contract for a complex marine operation with a classified customer
  • The operation will take place during April 2016


OTI Greentech AG (WKN A0HNE8), listed on the stock exchange Dusseldorf and an internationally active environmental technology company, is delighted to inform that its subsidiary VTT Maritime AS has signed a contract for a complex marine operation with a classified customer. The contract value is EUR 1.1 million.

Well recognized for its deep expert knowledge base and skills, VTT Maritime AS has over the years conducted many advanced marine operations, for example the “Rogfast” deep-water horizontal seabed rock-drilling project. This project, the world’s first of its kind, was in preparation for the new challenging E39 – ferry free highway being constructed along the West Coast of Norway.

The new contract with a classified customer confirms the company’s reputation in solving advanced marine operations. The at-sea-operations of this project will be conducted during a short period in late April 2016. The planning and engineering phase has started and the required subcontractors have been engaged.

“Winning this contract is a clear confirmation of VTT’s strategy to focus on complex marine operations, where VTT has a leading edge It is further a clear acknowledgement of the customer´s trust in VTT’s preparatory work, careful selection of sub-contractors and execution to make this operation a success.“ says OTI Greentech AG’s CEO Johnny Christiansen.

VTT Maritime AS is 100% owned by OTI Greentech AG.