Wärtsilä and Robert Allan Ltd. to sign cooperation agreement

Wärtsilä Corporation, Trade press release 17 May 2010 at 10:00 UTC+2

Wärtsilä, the marine industry's leading ship power systems integrator, has signed a Letter of Intent with the renowned Canadian ship design company Robert Allan Ltd. to develop a Strategic Cooperation Agreement.

Vancouver-based Robert Allan Ltd. is a leading specialist designer of tugs and other harbour and coastal vessels. Both parties see market opportunities for advanced tug designs, utilizing improved hull forms and new fully integrated power and propulsion technologies. The aim of the cooperation agreement will be to jointly develop advanced, environmentally sound solutions, resulting in a range of optimized tug designs to be supplied by Wärtsilä for the world market.

Both Wärtsilä and Robert Allan Ltd. have developed their own plans for modernising and improving tug design, and see significant advantages in co-ordinating their R&D activities in a strategic cooperation.

Evolving emissions regulations will inevitably require the redesign of many vessel types. This is especially true for vessels operating in the proximity of large population centres, as is the case with tugs in ports.

"The economic viability of advanced technical solutions can only come about through an integrated approach. By combining our companies' complementary expertise in ship design and integrated technologies, we believe that such viable solutions can be attained," said Mr Wilco van der Linden, Director Business Development, Wärtsilä Ship Power.

"Robert Allan Ltd. will provide tug design expertise, and in particular the development of advanced, high-performance hull forms for new designs that will embody Wärtsilä’s advanced technical power, energy-conservation and environmental solutions. These complementary capabilities will provide a valuable service to the international tug industry," said Mr Robert G. Allan, Executive Chairman of Robert Allan Ltd.

Media contacts:

Ms Marit Holmlund-Sund
Senior Manager, PR and Marketing Communications
Wärtsilä Corporation
Direct tel: +358 10 709 1439
Direct fax: +358 10 709 1425
e-mail: marit.holmlund-sund@wartsila.com
Internet: www.wartsila.com

Mr. Ken Harford, President
Robert Allan Ltd.
230 - 1639 West 2nd Avenue
Vancouver, BC  V6J 1H3  Canada
Phone:  (604) 736-9466
Fax: (604) 736-9483
Email: design@ral.ca
Internet: www.ral.ca

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 maximises the environmental and economic performance of the vessels and power plants of its customers.

In 2009, Wärtsilä's net sales totalled EUR 5.3 billion with more than 18,000 employees. The company has operations in 160 locations in 70 countries around the world.  Wärtsilä is listed on the NASDAQ OMX Helsinki, Finland.


Robert Allan Ltd in brief:

Robert Allan Ltd is a consulting Naval Architecture firm, founded in 1930, and is an acknowledged leader worldwide in the custom design of specialized workboats of all types. The company provides innovative, imaginative, and cost-effective design solutions for their Client's project-specific needs.

Robert Allan Ltd is a privately held, fully independent consulting organization, with a staff of 65, operating out of Vancouver, BC, Canada.