TTS Group ASA has, through its subsidiary TTS Handling Systems in Drøbak, Norway, signed a contract for delivery of a ship lift and related equipment to SIMA in Peru. SIMA is a leading state-owned company within the shipbuilding and metalworking industry in Peru. The total order value is approx.100 MNOK.

SIMA serves the Navy of Peru as well as domestic and foreign private clients through a wide range of products. The TTS ship lift system makes it possible to improve efficiency and capacity of their repair activities. With the upgraded new facility, SIMA will have the capacity to repair a large number of vessels simultaneously.

The delivery to SIMA includes a ship lift with platform, and a ship transfer
system.

For TTS this is the seventh ship-lift contract in succession and TTS has further strengthened its position as a world leader on the market for ship lifts.The first contract for ship-lifts was signed with the Korean Navy in February 2012, an order quickly followed by two further contracts. Two orders was signed with the Vietnamese navy in 2013, later contracts with Brazil, and now Peru, are signed.


Bergen, 20(th) August 2014
TTS Group ASA

Tel.: +47 55 94 74 00 / Fax: +47 55 94 74 01
http://www.ttsgroup.com

Contact persons:

Björn Andersson
CEO
M: +47 911 33 671

Henrik Solberg-Johansen
CFO
M: +47 982 06 438

Miao Reinlund
VP, Communications
M: +47 900 65 883


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