TTS Group ASA has through its subsidiary TTS Handling Systems AS in Drøbak, Norway signed a contract worth approximately MNOK 20.
The contract with Samho Ltd. in South Korea concerns a shiplift for the South Korean Navy. Samho Ltd is responsible for building parts of the naval base located in Donghae.
The delivery will take place during Q4 2014.
In 2012 it may be a possibility to provide two additional similar orders.
Bergen February 6th 2012
Contact persons:
Johannes D. Neteland
President & CEO
Tel +47 918 46 906
Arild Apelthun
CFO
Tel +47 918 19 265
TTS Group ASA
Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01
This information is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.