South Korean Government Approves $4 Million Amphibious Rescue Boat Budget
27 November 2007
27 November 07
South Korean Government Approves $4 Million Amphibious Rescue Boat Budget
Sealegs International Ltd today announced that the South Korean government has given approval for its Budget Department to procure NZ$4million worth of amphibious rescue boats for use by the South Korean Coastguard.
In October Sealegs amphibious boats were exhibited at a major international Naval and Defense show in Busan, South Korea and over the last few months personnel from the South Korean coastguard have been evaluating how Sealegs amphibious boats could strengthen coastal rescue operations in South Korea.
The South Korean Coastguard is looking to purchase 50 amphibious rescue boats over the next five years.
As the world’s only manufacturer of amphibious production boats, Sealegs personnel have been to South Korea and are currently working through the tender process for the South Korean Coastguard’s requirements.
Further to the recent order of an evaluation unit by the Fire & Rescue Department of the Federal Malaysian Government, Sealegs can also report that the company has received a four boat order for its amphibious marine craft to be used in a flood rescue role by the Kuala Lumpur Municipality.
Sealegs CEO Mr David McKee Wright said “over the last three years we have established a high growth revenue stream from Sealegs recreational sales and we are now adding a second revenue stream from the commercial flood rescue market. The sales opportunity for Sealegs in the global flood rescue market looks promising considering the unique features of our patented amphibious technology”.
