eMARINE Global Awarded $1.9 Million ECDIS Maintenance Contract from Korean Navy

The Republic of Korea (ROK) Navy has renewed its annual contract with eMARINE to maintain the electronic charts display and information systems (ECDIS) onboard 225 naval ships. The contract is valued at $1.9 million (2.4 billion Won).

“We have a remarkable record of providing excellent and professional service to our customers, and this latest renewal from the ROK Navy further strengthens that record,” stated Ung Gyu Kim, Chairman and CEO of eMARINE Global. “We were also recently awarded a contract renewal for the annual maintenance of the ROK Navy’s anti-submarine warfare team trainer (ASWTT), a project we helped to install and have maintained over the last three years.”

Overall, eMarine has been providing maintenance work on an annual contract basis for the ROK Navy since 2007, when the Company’s navigation technology was first installed. Since then, the volume or work and budget have increased each year. Today, eMarine's ECDIS technology is the primary navigation solution used by the ROK Navy fleet.

The ROK Navy increased the budget and number of ships serviced under the maintenance contract over the prior year’s contract.

Founded in 2001 and based in South Korea, eMARINE Global is working with a growing base of marquee customers to achieve maritime ICT convergence through fully integrated products and services, offering state-of-the-art e-navigation, marine Internet of Things (IoT), and marine big data solutions, primarily in Korea with near-term expansion into U.S. and Chinese markets.

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