Defence sales buoy Tasmanian company for the Oil & Gas Industry
The Fiobuoy is a submersible marine marker buoy and retrieval system. It is an all-in-one system incorporating an acoustic release, marker and retrieval line in a unique buoy design. It provides economical and reliable retrieval of underwater assets and equipment in almost all areas of the marine industry.
The Royal Australian Navy has been a customer of Fiomarine's for over ten years and in 2008 the Company signed its second major supply contract with the United States Navy. The contract represents an impressive 340 per cent sales growth in less than three years, the company announced.
The order for its Fiobuoy underwater retrieval system is Fiomarine’s largest to date, and makes the United States the chief user of the technology.
“This is a significant deal for us and having the biggest defence force in the world as a repeat customer not only increases our standing on a global scale but also further proves our technology,” said Fiomarine Commercial Director John Fiotakis.
Buoyed by this success, Fiomarine is now confidently pursuing the Oil and Gas market. "The system was initially built to suit defence specifications so it is certainly reliable and robust. It was actually tested to withstand an explosion of TNT within ten metres so I'm sure it will stand up to offshore conditions."
“Defence loves it. They've tried, tested and proven it. So we know it is time to introduce it to other markets, starting with Oil and Gas." "It is such a unique and flexible tool, our goal is to see the Fiobuoy used in all areas of the marin industry.” Mr. Fiotakis said.
More information about Fiomarine can be found at http://www.fiomarine.com
