UltraStrip Sells Robotic System to Japanese Company
Thursday February 16, 8:00 am ET
STUART, Fla., Feb. 16 /PRNewswire-FirstCall/ -- UltraStrip Systems, Inc. (OTC Bulletin Board: USTP - News), the Stuart, Florida-based homeland security technology company, announced a $665,000 sale and delivery of one of its patented robotic waterjetting systems to USJ Investment Co, Ltd., a Japanese investment company. Included among the partners in USJ Investment are Chiba Marine Yokohoma Co., Ltd., Shuwa Kaiun Kaisha, Ltd., and Ihara Co., Ltd. The Japanese partnership will utilize UltraStrip's robotic technology to perform high-speed coating removal services to shipyard customers in Japan. The customers will include the shipyards, as well as the owners of oil tankers, cruise ships, bulk carriers, and container ships that bring their ships to the various Japanese shipyards
UltraStrip Systems, Inc.'s Chief Financial Officer, J.C. "Jim" Rushing III, commented, "The first quarter 2006 immediate revenue from the sale in the Japanese market is an extremely important milestone for UltraStrip. The focused interest and investment of the Japanese marine industry in UltraStrip's technology signals an increased potential for additional revenue in the first half of 2006 from Far East markets."
Stephen R. Johnson, President of UltraStrip Envirobotic Solutions, a subsidiary of UltraStrip, said, "This is a significant first step for us in Asia. The Japanese market is well known to be technically demanding, so to have our robotic system chosen by sophisticated customers is an important achievement. It has taken several years to create the necessary partnerships, demonstrate our product quality and reliability, and to achieve customer acceptance of our cutting-edge coating removal technology. We now look forward to significant additional sales in Japan serving the ship repair and above-ground storage tank markets."
UltraStrip is a technology firm that develops and manufactures patented equipment to provide solutions to homeland security, military, and environmental problems. UltraStrip's patented robotic water jetting systems are provided through its UltraStrip Envirobotic Solutions subsidiary and are designed to provide an environmentally and cost-effective coatings removal process for a range of commercial and military vessels, including military support vehicles. The robotic systems have been utilized for U.S. Navy ships (including the U.S.S. Cole after its attack off the coast of Yemen), cruise ships, and tankers in shipyards throughout the world.
Additionally, The Company's proprietary Mobile Emergency Filtration Systems and Tactical Water Filtration Trucks, provided through its Ecosphere Technologies subsidiary, are breaking new ground by transforming its powerful water-filtration and purification technology for use in the world's most challenging applications, including the military (e.g., for troop deployments) and Homeland Security (e.g., to areas hit by man-made or natural events that damage vital water resources). The Company's Mobile Emergency Filtration System successfully operated for six weeks in Waveland, MS following that community's devastation from Hurricane Katrina, providing bulk water for drinking, bathing, cooking, and cleaning purposes. In December 2005, UltraStrip announced it entered into a Joint Manufacturing and Marketing Agreement with Pierce Manufacturing Corp., a subsidiary of Oshkosh Truck Corp (NYSE: OSK - News). Further information on UltraStrip can be obtained through its websites http://www.ultrastrip.com