10-10-2003
Radix Marine Inc. signs co-marketing
agreement with Norsco Marine Inc.

Silverdale’s Radix Marine Inc., a marine vessel development company specializing in homeland security and defense initiatives, has announced the signing of a co-marketing agreement with marine fabrication company, Norsco Marine. Together, Radix and Norsco will jointly market a commercial product line that includes 22-25 ft. boats and 29 ft. landing craft. The two companies estimate annual sales of this craft should run between 150-200 units for each of the hull length models.

“Radix’s vision, coupled with Norsco’s years of boat building experience, creates a dynamic team,” said Kathy Bright, Radix President and CEO. “The dual use V-berth craft can be configured for both military and commercial applications. Norsco Marine’s exemplary history in the boat building industry is undisputed. Their craftsmen have years of applicable experience building aluminum watercraft as well as high performance hull forms for the military, law enforcement, marine firefighting, oil spill response, and sport applications.”

Recent Norsco customers include the states of California and Alaska, as well as the United States Navy, which currently operates Norsco patrol boats to aid in anti-terrorist efforts. Norsco Marine is practiced in building patrol craft to military standards, utility standards, and the special requirements of multi-mission-equipped vessels. All Norsco Marine boats are built to ABYC (American Boat & Yacht Council) standards, providing for rigid quality of construction.

This co-marketing agreement pertains specifically to manned craft. Radix Marine is also involved with the development of unmanned surface vehicles (USVs), small remotely controlled unmanned boats that range in size for 6 to 50 feet. These craft can be utilized in numerous security applications ranging from surveillance to mine detection. Through its subsidiary, International Maritime Platforms International (IMPII), Radix Marine is currently participating with the United States Government in an Advanced Concept Technical Demonstration for USVs. IMPII is performing on such a contract with the U.S. Navy in partnership with two of the nation’s leading U.S. defense contractors.