Investing.com
Published Apr 15, 2024 07:18
The Company's majority-owned subsidiary, Yixing PACT Environmental Technology Co., Ltd., ("PACT") has signed an exclusive sales distribution and OEM partnership agreement with ERMA FIRST ESK Engineering Solutions S.A. ("ERMA FIRST").
This partnership has created a synergy effect for both companies as PACT is a UV-based BWTS technology company and complements ERMA FIRST's electrolysis technology. Sales distribution will be focused on 20 countries in
About BWTS
BWTS are an imminent requirement by the International Maritime Organization ("IMO") to prevent the biological imbalance caused by the estimated 12 billion tons of ballast water transported across the seas every year by ocean-going vessels when their ballast water tanks are emptied or refilled. In 2012, the Ballast Water Discharge Standard became a law in the US, initially applying to any vessel constructed in
PACT obtained type approval from China Classification Society for its 200, 300, 500, 750, 1200 and 1250 cubic meters per hour BWTS in 2016.
The IMO convention stipulates that type approval for revised G8 requirements must be obtained for all BWTS installed on or after
Its ballast water port solution, HarborBallast, is a system installed in port to offer ballast water treatment services for ocean-going ships without their own BWTS and for those with damaged BWTS.
About ERMA FIRST
ERMA FIRST - From saving the oceans to safeguarding the planet
Founded in 2009 and headquartered in
ERMA FIRST's customer-centric approach offers flexible and convenient servicing through a trusted network of certified engineers worldwide. ERMA FIRST provides sales, maintenance and training to clients via offices in 46 countries.
ERMA FIRST offers a complete range of solutions, including ballast water treatment (BWTS), alternative maritime power (AMP (OTC:AMLTF)), energy-saving devices (ESDs) and carbon capture and storage (CCS).
ERMA FIRST has won the Lloyd's List Technical Achievement Award (2013 and 2023), the GREEN4SEA Technology Award (2016) and the GREEN4SEA Sustainability Award (2023).
ERMA FIRST Website: www.ermafirst.com
Certain statements in this news release regarding the Company's expectations, estimates, present view of circumstances or events, and statements containing words such as estimates, anticipates, intends, or expects, or words of similar import, constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements indicate uncertainty and the Company can give no assurance with regard to actual outcomes. Specific risk factors may include, without limitation, having the Company's offices and operations situated in
Written By: Investing.com
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