Eniram Announces New Distribution Partnerships in Korea

Eniram Limited, a Finnish provider of energy management technology to the shipping industry yesterday announced its partnerships with Korean companies Hyundai e-Marine, a leading provider of onboard electronic systems, and World Ocean, an experienced agent representing a number of leading international brands in the Korean maritime sector.

Using their complementary strengths and expertise, these partnerships are focused on extending Eniram’s fuel saving technology and real-time analytic solutions to a wider network of customers in Korea, one of the biggest shipbuilding nations and fleet owners in Asia and globally.

In today’s difficult global climate, the ability to accurately measure vessel performance and apply real-time data to operational decision making is critical to achieve fuel efficiencies and meet environmental regulations. Eniram’s impressive market leadership in delivering energy management solutions such as dynamic trimming and speed optimization for new builds and existing fleets, combined with the local expertise of the chosen distribution partners, offers the Korean shipping community an excellent route to achieving proven vessel efficiencies.

Mr. Philip Padfield, CEO of Eniram, said, “We are very pleased to be able to bring our range of real-time energy management solutions to the Korean maritime industry through our new partners, whose commitment to high quality customer satisfaction matches our own. These new partnerships with Hyundai e-Marine and World Ocean, local centers of maritime excellence, present a perfect opportunity to further our commitment to supporting clients looking to introduce energy saving solutions into their shipping operations to achieve greater cost control.”

Dr. JJ Ung Gyu Kim, CEO Hyundai e-Marine said “We are delighted that Eniram has chosen the client-reach and shipping expertise of Hyundai e-Marine to help the company grow its business among shipbuilders and operators in Korea. I believe that Eniram’s solutions are the best fit for our slogan ‘e-navigation & smartship pioneer’ and that they are able to provide cost-effective navigation to our customers.”

Mr. Sung Hwan Kim of World Ocean said “With nearly 30 years of experience delivering a wide range of maritime applications and a clear industry focus which is in line with Eniram’s target market, we are delighted to add Eniram’s market leading applications to our portfolio of expertise. The partnership with World Ocean opens up new opportunities and channels for Eniram”.

About Hyundai e-Marine

Hyundai e-Marine, a leading provider of shipbuilding and maritime IT solutions, specializes in onboard electronic systems such as the ECDIS, VTS (Vessel Traffic System), FMS (Fleet Management System), and Voyage Safety Systems. The company is also a licensed distributor for marine communications & control equipment, GIS solutions, and most recently, Eniram’s real-time decision support solutions. Established in 2001 and headquartered in Seoul, South Korea, Hyundai e-Marine is a subsidiary of the Hyundai Group of companies.

About World Ocean Co. Ltd

World Ocean is a sales agency that markets leading international equipment brands in Korea. The company works closely with local shipyards and ship owners as well as construction and engineering companies in the marine, offshore and agricultural industries. Founded in 1983 and headquartered in Busan, South Korea, the company attained ISO 9001 certification in 2006, 2007 and 2011 from BV and ABS respectively.

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Eniram Ltd,December 5, 2012