17/11/2011 - 15:12

Mobilarm secures Dutch Navy contract

17/11/2011 - 15:12

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Marine safety equipment provider Mobilarm has secured its first production order for its Crewsafe V200 emergency beacon from the Dutch Navy.

The Perth-based company said the Royal Netherlands Navy had ordered 90 Crewsafe V200 devices for use in submarine escape and rescue.

The order follows successful trials of the device with the United States Navy in June and July.

“The Dutch Navy is spearheading the modernisation of submarine safety equipment, so Mobilarm is very pleased they have selected the most advanced technology available today to locate and rescue submariners following an at-sea abandonment or escape,” chief executive Lindsay Lyon said.

“The Crewsafe V200 is the first of its kind, and this order from the Dutch Navy validates Mobilarm’s positon as a leading technology supplier to the defence market.”

Mr Lyon estimated the global market for submariner locating devices was around $US50 million.

At close of trade today Mobilarm shares were steady at 5.5 cents.

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