Norway: NOREQ,Fassmer Team Up to Further Develop Torpedo Free Fall Lifeboat

Noreq As, norwegian producer of maritime deck equipment and German company Fr. Fassmer GmbH & Co agrees to further develop the Torpedo Free Fall lifeboat.

Noreq has, since 2008 launched the Torpedo lifeboat as the evacuation method for the future for offshore use and it is fully equipped to meet the demands of tomorrow regarding rules and regulations for the North sea. The cooperation agreement with Fassmer is a confirmation of the interest the Torpedo lifeboat has drawn.

Fr. Fassmer GmbH & Co are a well established corporation within the maritime industry. They have 900 employees and a turnover of approx € 100 mill. Fassmer is amongst the worlds largest fabricators of lifeboats for the cruise industry in addition to traditional shipbuilding and high tech composite material production. The agreement will secure good access to design-, development- and engineering capacities. The joint venture between Noreq and Fassmer is dedicated to the Torpedo Free Fall and are focusing on offshore projects both globally and for the North Sea.

Increasing safety offshore

In recent years the focus on the capabilities and features of free fall lifeboats offshore has drawn high attention. The Torpedo lifeboat is representing a new and innovative alternative to ordinary free fall lifeboats. Its design and capabilities have been thoroughly tested at Marintek in Norway and key features such as directional stability and reduced stress on onboard personnel have been recognized as a safer and better alternative to traditional free fall systems. The cooperation between our two companies represents a breakthrough for the Torpedo lifeboat and we are well positioned to take marked shares in the offshore segment. With all the upgrading of free fall systems world wide taken in consideration, the market potential for the Torpedo is considerably high.

[mappress]

Source:Noreq, February  14, 2011;