Wärtsilä and CSSC sign manufacturing license agr

Wärtsilä Corporation, Trade press release, 13 December 2016 at 10 am EET

Wärtsilä has signed a manufacturing license agreement with Jiujiang Precision Measuring Technology Research Institute, a subsidiary of China State Shipbuilding Corporation (CSSC), based in Jiujiang, China. The two-way agreement provides CSSC with access to technology and the rights to manufacture the Wärtsilä Aquarius EC Ballast Water Management System (BWMS) under license for applications to CSSC customers. In return, Wärtsilä gains access to CSSC's new manufacturing facility, thereby further supporting supply and demand needs for the Wärtsilä BWMS direct to Wärtsilä customers. The agreement was signed in Jiujiang on 5 ^th December 2016 and is implemented with immediate effect.

Wärtsilä retains ownership of the Aquarius Electro-Chlorination (EC) technology and all associated Intellectual Property Rights, while CSSC will manufacture the system for sale and installation with CSSC newbuild and retrofit projects. CSSC is the largest group of shipbuilding companies in the world with a significant need for robust BWMS technology for their Chinese and international customers. The system will be supplied with Wärtsilä Type Approval.

"This is another landmark agreement forming an important new partnership in China. It facilitates the supply of Wärtsilä Aquarius EC BWMS to a significant provider in the Chinese marine market, both for new shipbuilding and retrofit projects. By combining the strengths of our two companies, we can more effectively meet the growing demand for EC BWMS for medium to large vessel applications. Our combined global service networks also ensure that the BWMS units are fully supported wherever and whenever needed," says Dr Joe Thomas, Director, Ballast Water Management Systems, Wärtsilä Marine Solutions.

"As a subsidiary of CSSC, our institute has strong design and manufacturing capabilities. We have easy access to the resources concerning shipbuilding and retrofits for marketing and sales of BWMS systems, and Wärtsilä, as a significant global marine equipment supplier, has great advantages in technical support and global after sales service. This milestone event represents a promising start to our two companies' partnership. The signing of this agreement will promote the further cooperation between the two companies," says Mr Zou Xiubin, Director, Jiujiang Precision Measuring Technology Research Institute.

The agreement has a 6 year initial term. The two companies will support each other in delivering the BWMS technology to a broader customer base, and in providing long term global service support and sales of spare parts for the companies' combined customer base.

The Wärtsilä Aquarius EC Ballast Water Management System The Wärtsilä Aquarius EC BWMS provides robust technology for the treatment of ballast water using a simple two stage process involving filtration and electro-chlorination (EC). It is effective in all operating and environmental conditions. The system is easy to integrate and maintain, and is type approved according to the IMO Convention and has an Alternative Management System (AMS) acceptance certificate from the United States Coastguard (USCG).

Link to more information: The Wärtsilä Aquarius EC BWMS on wartsila.com

Link to image Caption: The new manufacturing license agreement for Ballast Water Management Systems was signed by Dr Joe Thomas, Director, Ballast Water Management Systems, Wärtsilä Marine Solutions and Mr Zou Xiubin, Director, Jiujiang Precision Measuring Technology Research Institute.

Media contacts:

Dr. Joe Thomas Director, Ballast Water Management Systems, Environmental Solutions Wärtsilä Marine Solutions Tel: +44 1202 662600 joe.thomas@wartsila.com

Ms Marit Holmlund-Sund Senior Manager Marketing, Communications, Marine Solutions Wärtsilä Corporation Tel:+358 10 7091439 marit.holmlund-sund@wartsila.com

Wärtsilä in brief: Wärtsilä is a global leader in complete lifecycle power solutions for the marine and energy markets. By emphasising technological innovation and total efficiency, Wärtsilä maximizes the environmental and economic performance of the vessels and power plants of its customers. Wärtsilä's has operations in more than 200 locations in nearly 70 countries around the world. Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland. www.wartsila.com